Quantbot Technologies LP Invests $634,000 in Harley-Davidson, Inc. $HOG

Quantbot Technologies LP bought a new position in shares of Harley-Davidson, Inc. (NYSE:HOGFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 25,932 shares of the company’s stock, valued at approximately $634,000.

A number of other large investors have also recently bought and sold shares of HOG. Norges Bank bought a new stake in shares of Harley-Davidson in the 4th quarter worth about $25,766,000. State of Wyoming bought a new position in Harley-Davidson during the 2nd quarter valued at about $942,000. Robinson Value Management Ltd. acquired a new position in Harley-Davidson in the first quarter valued at about $3,215,000. Caxton Associates LLP bought a new stake in Harley-Davidson during the first quarter worth about $957,000. Finally, Empowered Funds LLC grew its stake in Harley-Davidson by 303.4% during the first quarter. Empowered Funds LLC now owns 465,085 shares of the company’s stock worth $9,404,000 after buying an additional 349,797 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Trading Up 0.0%

HOG opened at $27.86 on Friday. The firm’s fifty day moving average is $26.10 and its two-hundred day moving average is $23.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90. The firm has a market cap of $2.90 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 17.20 and a beta of 1.27. Harley-Davidson, Inc. has a twelve month low of $17.09 and a twelve month high of $31.25.

Harley-Davidson (NYSE:HOGGet 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 the consensus estimate of $0.65 by $0.10. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The firm’s revenue was down 5.9% on a year-over-year basis. Equities research analysts anticipate that Harley-Davidson, Inc. will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HOG shares. Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a research note on Monday, June 15th. Loop Capital upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Monday, July 20th. Weiss Ratings raised Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Morgan Stanley increased their target price on Harley-Davidson from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. Finally, Griffin Securities set a $33.00 target price on Harley-Davidson in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.78.

View Our Latest Stock Analysis on Harley-Davidson

Insiders Place Their Bets

In other Harley-Davidson news, CEO Artie Starrs acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of $25.89 per share, for a total transaction of $258,900.00. Following the acquisition, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at approximately $647,250. This trade represents a 66.67% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Nova acquired 40,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of $24.57 per share, with a total value of $982,800.00. Following the completion of the transaction, the director directly owned 47,605 shares in the company, valued at $1,169,654.85. This trade represents a 525.97% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 57,500 shares of company stock valued at $1,439,550 in the last three months. Insiders own 0.97% of the company’s stock.

Harley-Davidson 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.

See Also

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

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