Two Sigma Securities LLC Invests $492,000 in Harley-Davidson, Inc. $HOG

Two Sigma Securities LLC bought a new position in shares of Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,110 shares of the company’s stock, valued at approximately $492,000.

A number of other large investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Harley-Davidson by 62.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company’s stock worth $2,183,000 after purchasing an additional 33,097 shares during the period. Empowered Funds LLC raised its position in shares of Harley-Davidson by 18.3% in the first quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock valued at $443,000 after purchasing an additional 2,712 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Harley-Davidson by 153.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after buying an additional 1,278 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Harley-Davidson by 32.8% during the 2nd quarter. Federated Hermes Inc. now owns 16,076 shares of the company’s stock worth $379,000 after buying an additional 3,967 shares during the period. Finally, California Public Employees Retirement System grew its stake in Harley-Davidson by 12.0% in the 2nd quarter. California Public Employees Retirement System now owns 204,156 shares of the company’s stock valued at $4,818,000 after buying an additional 21,913 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jonathan R. Root sold 1,554 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $27.46, for a total value of $42,672.84. Following the completion of the transaction, the chief financial officer owned 26,292 shares of the company’s stock, valued at $721,978.32. The trade was a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Artie Starrs acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of $25.89 per share, with a total value of $258,900.00. Following the transaction, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $647,250. This trade represents a 66.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 57,500 shares of company stock worth $1,439,550 and have sold 4,662 shares worth $119,316. Company insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HOG. Weiss Ratings upgraded shares of Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Citigroup upped their target price on Harley-Davidson from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Sunday, July 12th. Wells Fargo & Company upped their price objective on Harley-Davidson from $15.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Robert W. Baird increased their price objective on Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Griffin Securities set a $33.00 target price on Harley-Davidson in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.00.

Harley-Davidson Trading Up 2.4%

Shares of NYSE:HOG opened at $27.80 on Thursday. The business’s 50 day simple moving average is $26.29 and its 200 day simple moving average is $23.60. Harley-Davidson, Inc. has a 1 year low of $17.09 and a 1 year high of $31.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. The company has a market capitalization of $2.89 billion, a P/E ratio of 17.06, a P/E/G ratio of 8.92 and a beta of 1.29.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.10. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. On average, research analysts anticipate that Harley-Davidson, Inc. will post 0.56 EPS for the current fiscal year.

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.