Empowered Funds LLC Has $9.40 Million Stock Position in Harley-Davidson, Inc. $HOG

Empowered Funds LLC lifted its position in Harley-Davidson, Inc. (NYSE:HOG) by 303.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 465,085 shares of the company’s stock after buying an additional 349,797 shares during the period. Empowered Funds LLC’s holdings in Harley-Davidson were worth $9,404,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Triumph Capital Management lifted its holdings in Harley-Davidson by 4.7% during the third quarter. Triumph Capital Management now owns 10,171 shares of the company’s stock worth $284,000 after acquiring an additional 454 shares in the last quarter. State of Michigan Retirement System increased its holdings in shares of Harley-Davidson by 1.8% in the first quarter. State of Michigan Retirement System now owns 28,461 shares of the company’s stock worth $575,000 after acquiring an additional 500 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Harley-Davidson by 48.9% in the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after acquiring an additional 579 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Harley-Davidson by 2.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 24,251 shares of the company’s stock worth $490,000 after purchasing an additional 600 shares during the period. Finally, Dark Forest Capital Management LP raised its position in shares of Harley-Davidson by 3.4% during the third quarter. Dark Forest Capital Management LP now owns 26,445 shares of the company’s stock worth $738,000 after purchasing an additional 872 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $24.71 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 17.01 and a beta of 1.26. The stock’s 50-day moving average is $25.24 and its 200-day moving average is $22.47. Harley-Davidson, Inc. has a one year low of $17.09 and a one year high of $31.25.

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

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s dividend payout ratio (DPR) is currently 46.01%.

Insider Activity at Harley-Davidson

In other news, CFO Jonathan R. Root sold 1,554 shares of the business’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 sale, the chief financial officer owned 29,400 shares of the company’s stock, valued at $718,536. The trade was a 5.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock in a transaction on Monday, May 11th. The stock was 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 of the company’s stock, valued at $780,312. The trade was a 4.95% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,672 shares of company stock valued at $116,266 over the last ninety days. Company insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group boosted their price objective on Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wells Fargo & Company raised their target price on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, May 6th. Citigroup lifted their price target on shares of Harley-Davidson from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Sunday, July 12th. DA Davidson upped their price target on shares of Harley-Davidson from $25.00 to $30.00 and gave the company a “buy” rating in a report on Monday, July 6th. Finally, Robert W. Baird increased their price objective on shares of Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.11.

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.