Harley-Davidson, Inc. $HOG Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 77.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,999 shares of the company’s stock after buying an additional 188,746 shares during the quarter. Quantinno Capital Management LP’s holdings in Harley-Davidson were worth $8,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Donald Smith & CO. Inc. lifted its holdings in shares of Harley-Davidson by 30.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock worth $182,345,000 after acquiring an additional 2,095,477 shares during the period. Aegis Financial Corp purchased a new stake in Harley-Davidson in the first quarter valued at approximately $27,681,000. Norges Bank acquired a new position in Harley-Davidson during the fourth quarter worth approximately $25,766,000. Voloridge Investment Management LLC acquired a new position in Harley-Davidson during the third quarter worth approximately $21,761,000. Finally, Goldman Sachs Group Inc. raised its stake in Harley-Davidson by 155.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 959,517 shares of the company’s stock worth $19,661,000 after purchasing an additional 584,593 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Insider Transactions at Harley-Davidson

In other news, CFO Jonathan R. Root sold 1,554 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $24.44, for a total value of $37,979.76. Following the completion of the transaction, the chief financial officer directly owned 29,400 shares in the company, valued at approximately $718,536. This represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Daniel J. Nova purchased 40,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of $24.57 per share, with a total value of $982,800.00. Following the completion of the acquisition, the director owned 47,605 shares in the company, valued at approximately $1,169,654.85. This represents a 525.97% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 4,672 shares of company stock valued at $116,266. Corporate insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HOG shares. Wells Fargo & Company lifted their price target on shares of Harley-Davidson from $15.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Citigroup increased their target price on Harley-Davidson from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Morgan Stanley boosted their price target on Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Finally, Griffin Securities set a $30.00 price target on Harley-Davidson in a research note on Monday, July 6th. One equities research 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 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 price target of $26.11.

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $26.50 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. Harley-Davidson, Inc. has a 1-year low of $17.09 and a 1-year high of $31.25. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 17.34 and a beta of 1.27. The business has a 50-day moving average of $25.35 and a 200-day moving average of $22.57.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.65 by $0.10. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.Harley-Davidson’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. On average, equities analysts anticipate that Harley-Davidson, Inc. will post 0.5 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were given 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 payout ratio is presently 46.01%.

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.