Insider Selling: Harley-Davidson (NYSE:HOG) Insider Sells 1,564 Shares of Stock

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 shares were sold at an average price of $26.00, for a total transaction of $40,664.00. Following the transaction, the insider owned 30,012 shares in the company, valued at approximately $780,312. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Harley-Davidson Trading Up 1.2%

Harley-Davidson stock traded up $0.29 during trading hours on Wednesday, reaching $25.62. 2,316,515 shares of the company’s stock traded hands, compared to its average volume of 3,455,788. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 9.46 and a beta of 1.27. The firm’s 50 day moving average is $21.23 and its 200-day moving average is $21.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.66 and a current ratio of 1.91. Harley-Davidson, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $31.25.

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

Harley-Davidson Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Harley-Davidson by 7.3% in the third quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock valued at $361,544,000 after buying an additional 886,998 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of Harley-Davidson by 30.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock valued at $182,345,000 after purchasing an additional 2,095,477 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Harley-Davidson by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 6,597,336 shares of the company’s stock valued at $184,072,000 after purchasing an additional 28,828 shares during the last quarter. Boston Partners raised its holdings in shares of Harley-Davidson by 2.1% in the third quarter. Boston Partners now owns 4,021,078 shares of the company’s stock valued at $112,179,000 after purchasing an additional 84,516 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Harley-Davidson by 1.6% in the third quarter. American Century Companies Inc. now owns 3,946,754 shares of the company’s stock valued at $110,114,000 after purchasing an additional 62,647 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on HOG shares. Argus upgraded shares of Harley-Davidson to a “strong-buy” rating in a research report on Tuesday, February 17th. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup increased their price target on shares of Harley-Davidson from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wells Fargo & Company increased their price target on shares of Harley-Davidson from $15.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Finally, Robert W. Baird set a $28.00 price target on shares of Harley-Davidson in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.