Gallacher Capital Management LLC bought a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,091 shares of the company’s stock, valued at approximately $467,000.
Several other large investors have also recently made changes to their positions in HOG. Donald Smith & CO. Inc. grew its stake in shares of Harley-Davidson by 30.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock worth $182,345,000 after buying an additional 2,095,477 shares during the last quarter. Boston Partners boosted its holdings in Harley-Davidson by 2.1% in the third quarter. Boston Partners now owns 4,021,078 shares of the company’s stock worth $112,179,000 after acquiring an additional 84,516 shares in the last quarter. State Street Corp boosted its holdings in Harley-Davidson by 1.7% in the second quarter. State Street Corp now owns 3,757,709 shares of the company’s stock worth $88,682,000 after acquiring an additional 64,118 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Harley-Davidson by 8.4% in the first quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock worth $42,675,000 after acquiring an additional 163,762 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Harley-Davidson during the fourth quarter valued at $25,766,000. 85.10% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
HOG has been the topic of a number of analyst reports. Citigroup upped their price target on shares of Harley-Davidson from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Sunday, July 12th. Robert W. Baird set a $28.00 price objective on shares of Harley-Davidson in a research note on Wednesday, May 6th. Wells Fargo & Company lifted their target price on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Griffin Securities set a $30.00 target price on shares of Harley-Davidson in a research note on Monday, July 6th. Finally, UBS Group increased their price target on shares of Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Harley-Davidson has an average rating of “Hold” and a consensus target price of $24.44.
Insider Buying and Selling
In other news, CFO Jonathan R. Root sold 1,554 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $24.44, for a total transaction of $37,979.76. Following the completion of the transaction, the chief financial officer directly owned 29,400 shares of the company’s stock, valued at $718,536. The trade was a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $780,312. This trade represents a 4.95% 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 sold 4,672 shares of company stock valued at $116,266 over the last quarter. Company insiders own 0.97% of the company’s stock.
Harley-Davidson Stock Down 0.5%
HOG stock opened at $26.67 on Friday. The stock has a market capitalization of $2.81 billion, a P/E ratio of 15.15, a P/E/G ratio of 15.98 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.91 and a quick ratio of 1.66. Harley-Davidson, Inc. has a 1-year low of $17.09 and a 1-year high of $31.25. The business has a fifty day moving average price of $24.98 and a 200-day moving average price of $22.13.
Harley-Davidson (NYSE:HOG – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). Harley-Davidson had a net margin of 5.68% and a return on equity of 7.03%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned $1.07 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Equities analysts forecast that Harley-Davidson, Inc. will post 0.4 earnings per share for the current fiscal year.
Harley-Davidson Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s dividend payout ratio (DPR) is presently 42.61%.
Harley-Davidson Profile
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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