Yousif Capital Management LLC Trims Stock Position in Harley-Davidson, Inc. $HOG

Yousif Capital Management LLC lowered its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 5.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 39,973 shares of the company’s stock after selling 2,262 shares during the period. Yousif Capital Management LLC’s holdings in Harley-Davidson were worth $943,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Personalized Indexing Management LLC raised its stake in shares of Harley-Davidson by 72.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,640 shares of the company’s stock valued at $605,000 after buying an additional 10,773 shares during the last quarter. Callan Family Office LLC purchased a new position in shares of Harley-Davidson during the 2nd quarter valued at about $312,000. KLP Kapitalforvaltning AS raised its stake in shares of Harley-Davidson by 6.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 36,200 shares of the company’s stock valued at $854,000 after buying an additional 2,300 shares during the last quarter. Hilltop National Bank purchased a new position in shares of Harley-Davidson during the 2nd quarter valued at about $65,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Harley-Davidson by 37.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,900 shares of the company’s stock valued at $68,000 after buying an additional 790 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HOG shares. Griffin Securities set a $34.00 price objective on Harley-Davidson in a research note on Monday, August 25th. UBS Group raised their target price on Harley-Davidson from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. DA Davidson raised their target price on Harley-Davidson from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Zacks Research upgraded Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Weiss Ratings upgraded Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.00.

Insider Buying and Selling

In other news, Director Rafeh Masood acquired 2,068 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was bought at an average cost of $24.06 per share, for a total transaction of $49,756.08. Following the purchase, the director owned 4,705 shares in the company, valued at approximately $113,202.30. This represents a 78.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.93% of the company’s stock.

Harley-Davidson Price Performance

NYSE:HOG opened at $27.27 on Wednesday. Harley-Davidson, Inc. has a 12 month low of $20.45 and a 12 month high of $35.25. The stock has a 50 day moving average of $28.40 and a two-hundred day moving average of $25.48. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32. The firm has a market cap of $3.31 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 0.38 and a beta of 1.27.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.11). Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the firm posted $1.63 earnings per share. Harley-Davidson’s quarterly revenue was down 19.3% on a year-over-year basis. On average, analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, September 10th. Harley-Davidson’s payout ratio is 37.31%.

Harley-Davidson Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.