140,000 Shares in Harley-Davidson, Inc. $HOG Acquired by MUFG Securities EMEA plc

MUFG Securities EMEA plc purchased a new position in shares of Harley-Davidson, Inc. (NYSE:HOGFree Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 140,000 shares of the company’s stock, valued at approximately $2,869,000.

Several other institutional investors have also made changes to their positions in HOG. EverSource Wealth Advisors LLC boosted its holdings in shares of Harley-Davidson by 139.0% during the third quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock worth $26,000 after purchasing an additional 549 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Harley-Davidson by 48.9% during the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after purchasing an additional 579 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after purchasing an additional 1,278 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Harley-Davidson by 203.3% during the third quarter. Hantz Financial Services Inc. now owns 2,426 shares of the company’s stock worth $68,000 after purchasing an additional 1,626 shares during the period. Finally, Rothschild Investment LLC boosted its holdings in shares of Harley-Davidson by 310.2% during the third quarter. Rothschild Investment LLC now owns 2,461 shares of the company’s stock worth $69,000 after purchasing an additional 1,861 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Paul J. Krause sold 1,564 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $26.00, for a total transaction of $40,664.00. Following the transaction, the insider owned 30,012 shares of the company’s stock, valued at approximately $780,312. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jonathan R. Root sold 1,554 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $24.21, for a total transaction of $37,622.34. Following the transaction, the chief financial officer directly owned 32,508 shares in the company, valued at $787,018.68. This trade represents a 4.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.97% of the company’s stock.

Analysts Set New Price Targets

HOG has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of Harley-Davidson from $12.00 to $15.00 and gave the company an “underweight” rating in a research note on Tuesday, May 19th. BMO Capital Markets reiterated an “outperform” rating and issued a $24.00 target price on shares of Harley-Davidson in a research note on Wednesday, February 11th. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 14th. Wall Street Zen cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, DA Davidson reduced their target price on shares of Harley-Davidson from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $24.22.

Check Out Our Latest Stock Report on HOG

Harley-Davidson Trading Up 0.7%

NYSE:HOG opened at $24.36 on Tuesday. Harley-Davidson, Inc. has a 12 month low of $17.09 and a 12 month high of $31.25. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 14.88 and a beta of 1.26. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $22.74 and its 200-day moving average is $21.54.

Harley-Davidson (NYSE:HOGGet Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $1.07 EPS. The company’s revenue was down 11.7% compared to the same quarter last year. Equities analysts anticipate that Harley-Davidson, Inc. will post 0.38 EPS for the current year.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 8th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.75 dividend on an annualized basis and a yield of 3.1%. Harley-Davidson’s payout ratio is 42.61%.

Harley-Davidson Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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