Money Concepts Capital Corp Increases Stake in Harley-Davidson, Inc. $HOG

Money Concepts Capital Corp increased its stake in Harley-Davidson, Inc. (NYSE:HOG) by 75.5% in the first quarter, Holdings Channel reports. The firm owned 112,833 shares of the company’s stock after purchasing an additional 48,534 shares during the period. Money Concepts Capital Corp’s holdings in Harley-Davidson were worth $2,281,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. 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 worth $182,345,000 after buying an additional 2,095,477 shares during the last quarter. Norges Bank purchased a new stake in shares of Harley-Davidson during the fourth quarter valued at $25,766,000. SG Americas Securities LLC grew its holdings in shares of Harley-Davidson by 1,277.0% during the fourth quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company’s stock valued at $22,418,000 after buying an additional 1,014,660 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Harley-Davidson in the 3rd quarter valued at $21,761,000. Finally, Algert Global LLC acquired a new position in shares of Harley-Davidson in the 3rd quarter valued at $17,246,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Insider Activity at Harley-Davidson

In other news, CFO Jonathan R. Root sold 1,554 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $24.44, for a total transaction of $37,979.76. Following the completion of the transaction, the chief financial officer directly owned 29,400 shares of the company’s stock, valued at $718,536. The trade was a 5.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $26.00, for a total transaction of $40,664.00. Following the completion of the transaction, the insider owned 30,012 shares of the company’s stock, valued at approximately $780,312. This represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 4,672 shares of company stock worth $116,266. Insiders own 0.97% of the company’s stock.

Harley-Davidson Stock Performance

Shares of NYSE HOG traded up $0.31 during trading on Friday, reaching $25.16. 2,026,260 shares of the company traded hands, compared to its average volume of 2,729,681. The stock has a market cap of $2.65 billion, a P/E ratio of 14.29, a PEG ratio of 14.81 and a beta of 1.26. The firm’s fifty day simple moving average is $24.82 and its 200 day simple moving average is $21.95. The company has a current ratio of 1.91, a quick ratio of 1.66 and a debt-to-equity ratio of 0.37. Harley-Davidson, Inc. has a 12-month low of $17.09 and a 12-month high of $31.25.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 EPS. As a group, research analysts anticipate that Harley-Davidson, Inc. will post 0.4 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 8th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.75 dividend on an annualized basis and a yield of 3.0%. Harley-Davidson’s payout ratio is presently 42.61%.

Analyst Upgrades and Downgrades

A number of analysts have commented on HOG shares. Weiss Ratings raised Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. UBS Group lifted their target price on Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Morgan Stanley upped their target price on Harley-Davidson from $12.00 to $15.00 and gave the company an “underweight” rating in a research report on Tuesday, May 19th. Citigroup increased their price target on shares of Harley-Davidson from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Griffin Securities set a $30.00 price target on shares of Harley-Davidson in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $24.33.

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.