Harley-Davidson, Inc. $HOG Shares Sold by SummitTX Capital L.P.

SummitTX Capital L.P. decreased its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 16.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,812 shares of the company’s stock after selling 28,488 shares during the quarter. SummitTX Capital L.P. owned 0.14% of Harley-Davidson worth $2,908,000 at the end of the most recent quarter.

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

Harley-Davidson Price Performance

Shares of Harley-Davidson stock opened at $25.30 on Wednesday. The business’s fifty day moving average price is $25.20 and its 200 day moving average price is $22.42. Harley-Davidson, Inc. has a twelve month low of $17.09 and a twelve month high of $31.25. The company has a current ratio of 1.90, a quick ratio of 1.70 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.66 billion, a P/E ratio of 15.52, a PEG ratio of 18.24 and a beta of 1.26.

Harley-Davidson (NYSE:HOG) last announced 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 company had revenue of $1.23 billion during 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%.The firm’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. As a group, research analysts anticipate that Harley-Davidson, Inc. will post 0.47 earnings per share for the current 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 issued a dividend of $0.1875 per share. The ex-dividend date was Monday, June 8th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.0%. Harley-Davidson’s payout ratio is presently 46.01%.

Insider Buying and Selling

In other Harley-Davidson news, insider Paul J. Krause sold 1,564 shares of Harley-Davidson stock in a transaction that occurred 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 transaction, the insider directly owned 30,012 shares of the company’s stock, valued at $780,312. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jonathan R. Root sold 1,554 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $24.44, for a total transaction of $37,979.76. Following the sale, the chief financial officer owned 29,400 shares of the company’s stock, valued at approximately $718,536. This represents a 5.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Morgan Stanley upped their price target on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Tuesday. Loop Capital upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Monday, July 20th. Finally, UBS Group lifted their price objective on Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Harley-Davidson has a consensus rating of “Hold” and a consensus target price of $26.11.

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.