Man Group plc acquired a new stake in Harley-Davidson, Inc. (NYSE:HOG – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 244,266 shares of the company’s stock, valued at approximately $5,975,000. Man Group plc owned approximately 0.23% of Harley-Davidson as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Aberdeen Wealth Management LLC bought a new position in shares of Harley-Davidson during the second quarter valued at about $29,000. Pinnacle Holdings LLC bought a new stake in shares of Harley-Davidson in the fourth quarter worth about $30,000. Fifth Third Bancorp increased its holdings in Harley-Davidson by 48.9% during the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock valued at $36,000 after purchasing an additional 579 shares during the period. Versant Capital Management Inc increased its holdings in Harley-Davidson by 858.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock valued at $40,000 after purchasing an additional 1,459 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Harley-Davidson by 153.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after purchasing an additional 1,278 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.
Insider Buying and Selling
In other news, CEO Artie Starrs purchased 10,000 shares of the stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $25.89 per share, with a total value of $258,900.00. Following the completion of the acquisition, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $647,250. This trade represents a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jonathan R. Root sold 1,554 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $24.88, for a total transaction of $38,663.52. Following the completion of the transaction, the chief financial officer directly owned 27,846 shares of the company’s stock, valued at $692,808.48. This represents a 5.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have purchased a total of 57,500 shares of company stock valued at $1,439,550 over the last three months. 0.97% of the stock is currently owned by company insiders.
Harley-Davidson Stock Up 0.9%
Harley-Davidson (NYSE:HOG – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted $0.88 EPS. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. Equities analysts predict that Harley-Davidson, Inc. will post 0.56 EPS for the current fiscal year.
Wall Street Analyst Weigh In
HOG has been the subject of several research analyst reports. Wolfe Research reaffirmed an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. Griffin Securities set a $33.00 price target on shares of Harley-Davidson in a research note on Monday, August 17th. UBS Group raised their price objective on shares of Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. DA Davidson upped their target price on Harley-Davidson from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Finally, Loop Capital raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Harley-Davidson currently has a consensus rating of “Hold” and an average target price of $26.78.
About Harley-Davidson
Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.
In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.
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