Two Sigma Securities LLC Invests $492,000 in Harley-Davidson, Inc. $HOG

Two Sigma Securities LLC acquired a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,110 shares of the company’s stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Beacon Pointe Advisors LLC acquired a new position in Harley-Davidson during the second quarter worth about $237,000. Twin Lakes Capital Management LLC bought a new position in shares of Harley-Davidson in the second quarter worth about $93,000. Empowered Funds LLC acquired a new stake in shares of Harley-Davidson in the 2nd quarter valued at approximately $16,370,000. Jefferies Financial Group Inc. bought a new stake in shares of Harley-Davidson during the 2nd quarter valued at approximately $992,000. Finally, Capstone Investment Advisors LLC acquired a new position in Harley-Davidson during the 2nd quarter worth approximately $302,000. Institutional investors own 85.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on HOG. Wolfe Research reissued an “outperform” rating on shares of Harley-Davidson in a research note on Monday, June 15th. DA Davidson upped their price target on shares of Harley-Davidson from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Weiss Ratings upgraded Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Morgan Stanley raised their price objective on Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Finally, Citigroup boosted their price objective on Harley-Davidson from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.00.

Harley-Davidson Price Performance

Shares of NYSE:HOG opened at $27.80 on Thursday. The firm has a market cap of $2.89 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 8.92 and a beta of 1.29. Harley-Davidson, Inc. has a 52 week low of $17.09 and a 52 week high of $31.25. The firm’s fifty day moving average is $26.29 and its 200-day moving average is $23.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90.

Harley-Davidson (NYSE:HOG) last announced its earnings results 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 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%.Harley-Davidson’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. Sell-side analysts predict that Harley-Davidson, Inc. will post 0.56 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Artie Starrs bought 10,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $25.89 per share, with a total value of $258,900.00. Following the transaction, the chief executive officer owned 25,000 shares of the company’s stock, valued at $647,250. This trade represents a 66.67% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Nova purchased 40,000 shares of the stock in a transaction on Friday, July 31st. The shares were purchased at an average price of $24.57 per share, with a total value of $982,800.00. Following the acquisition, the director owned 47,605 shares in the company, valued at approximately $1,169,654.85. The trade was a 525.97% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 57,500 shares of company stock valued at $1,439,550 and have sold 4,662 shares valued at $119,316. 0.97% of the stock is owned by insiders.

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.