Harley-Davidson (NYSE:HOG) Insider Paul Krause Sells 1,564 Shares

Harley-Davidson, Inc. (NYSE:HOG) insider Paul Krause sold 1,564 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $26.00, for a total transaction of $40,664.00. Following the completion of the sale, the insider directly owned 30,012 shares in the company, valued at approximately $780,312. The trade was a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Harley-Davidson Price Performance

Shares of HOG traded up $0.29 during trading hours on Wednesday, hitting $25.62. The stock had a trading volume of 2,316,515 shares, compared to its average volume of 3,455,788. The company’s fifty day moving average is $21.23 and its two-hundred day moving average is $21.75. 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 52 week low of $17.09 and a 52 week high of $31.25. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 9.46 and a beta of 1.27.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the company posted $1.07 EPS. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, analysts anticipate that Harley-Davidson, Inc. will post 0.63 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Monday, March 2nd were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.18. Harley-Davidson’s payout ratio is currently 42.61%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Harley-Davidson by 7.3% during the 3rd quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock valued at $361,544,000 after purchasing an additional 886,998 shares during the period. WINTON GROUP Ltd lifted its position in Harley-Davidson by 449.9% during the 3rd quarter. WINTON GROUP Ltd now owns 295,687 shares of the company’s stock valued at $8,250,000 after purchasing an additional 241,918 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in Harley-Davidson by 615.5% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 61,465 shares of the company’s stock valued at $1,715,000 after purchasing an additional 52,875 shares during the period. Algert Global LLC acquired a new position in Harley-Davidson during the 3rd quarter valued at about $17,246,000. Finally, SG Americas Securities LLC lifted its position in Harley-Davidson by 1,277.0% during the 4th quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company’s stock valued at $22,418,000 after purchasing an additional 1,014,660 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HOG. Wells Fargo & Company upped their price target on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Citigroup upped their price target on shares of Harley-Davidson from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley reiterated an “underweight” rating and set a $12.00 price target on shares of Harley-Davidson in a research report on Tuesday, February 17th. Argus upgraded shares of Harley-Davidson to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Robert W. Baird set a $28.00 price target on shares of Harley-Davidson in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $23.89.

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.