Harley-Davidson (NYSE:HOG) CAO Gayle Littleton Acquires 7,500 Shares of Stock

Harley-Davidson, Inc. (NYSE:HOG) CAO Gayle Littleton acquired 7,500 shares of Harley-Davidson stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $26.38 per share, for a total transaction of $197,850.00. Following the purchase, the chief accounting officer directly owned 7,500 shares of the company’s stock, valued at approximately $197,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Harley-Davidson Trading Up 7.5%

HOG stock traded up $1.95 during midday trading on Thursday, hitting $27.92. The stock had a trading volume of 3,612,715 shares, compared to its average volume of 3,167,704. The company’s 50-day moving average price is $25.57 and its 200 day moving average price is $22.80. 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 $2.91 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 18.13 and a beta of 1.27. Harley-Davidson, Inc. has a 12-month low of $17.09 and a 12-month 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 the consensus estimate of $0.65 by $0.10. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The business’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. On average, equities research analysts predict that Harley-Davidson, Inc. will post 0.51 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.7%. Harley-Davidson’s dividend payout ratio is currently 46.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Wells Fargo & Company lifted their price target on shares of Harley-Davidson from $15.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Robert W. Baird upped their price objective on Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Morgan Stanley increased their target price on Harley-Davidson from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.11.

Institutional Trading of Harley-Davidson

A number of hedge funds have recently made changes to their positions in HOG. BlackRock Inc. acquired a new position in shares of Harley-Davidson in the second quarter worth about $249,395,000. Donald Smith & CO. Inc. purchased a new position in shares of Harley-Davidson during the 2nd quarter valued at approximately $226,966,000. Boston Partners grew its position in shares of Harley-Davidson by 2.1% during the third quarter. Boston Partners now owns 4,021,078 shares of the company’s stock worth $112,179,000 after buying an additional 84,516 shares in the last quarter. State Street Corp increased its stake in shares of Harley-Davidson by 1.7% in the second quarter. State Street Corp now owns 3,757,709 shares of the company’s stock worth $88,682,000 after buying an additional 64,118 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Harley-Davidson by 8.4% in the first quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock worth $42,675,000 after buying an additional 163,762 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

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.