State of Wyoming Takes Position in Harley-Davidson, Inc. $HOG

State of Wyoming acquired a new position in Harley-Davidson, Inc. (NYSE:HOG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 38,495 shares of the company’s stock, valued at approximately $942,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Donald Smith & CO. Inc. boosted its holdings in Harley-Davidson by 30.8% during the fourth 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 in the last quarter. Bank of America Corp DE increased its holdings in shares of Harley-Davidson by 456.7% in the first quarter. Bank of America Corp DE now owns 1,735,378 shares of the company’s stock valued at $35,089,000 after buying an additional 1,423,675 shares in the last quarter. Aegis Financial Corp bought a new position in shares of Harley-Davidson in the first quarter valued at $27,681,000. Norges Bank acquired a new stake in shares of Harley-Davidson during the 4th quarter valued at $25,766,000. Finally, Pacer Advisors Inc. lifted its position in shares of Harley-Davidson by 6,537.2% during the 1st quarter. Pacer Advisors Inc. now owns 937,836 shares of the company’s stock valued at $18,963,000 after acquiring an additional 923,706 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Stock Down 0.4%

Shares of NYSE:HOG opened at $27.74 on Friday. The firm has a 50 day simple moving average of $25.71 and a 200 day simple moving average of $22.89. Harley-Davidson, Inc. has a 52 week low of $17.09 and a 52 week high of $31.25. 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 company has a market cap of $2.89 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 18.84 and a beta of 1.27.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, topping 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 firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company posted $0.88 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, research analysts expect that Harley-Davidson, Inc. will post 0.51 earnings per share for the current year.

Harley-Davidson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s dividend payout ratio (DPR) is 46.01%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HOG. Griffin Securities set a $30.00 target price on Harley-Davidson in a report on Monday, July 6th. Morgan Stanley upped their target price on Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Citigroup increased their price target on Harley-Davidson from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Sunday, July 12th. Loop Capital raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. One research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Harley-Davidson currently has an average rating of “Hold” and an average price target of $26.11.

Insiders Place Their Bets

In other Harley-Davidson news, Director Daniel J. Nova purchased 40,000 shares of the company’s 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 transaction, the director owned 47,605 shares of the company’s stock, valued at approximately $1,169,654.85. This represents a 525.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Artie Starrs purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $25.89 per share, for a total transaction of $258,900.00. Following the completion of 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 position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 57,500 shares of company stock worth $1,439,550 and have sold 4,662 shares worth $114,266. 0.97% of the stock is owned by corporate insiders.

Harley-Davidson Company 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.