Insider Selling: Harley-Davidson (NYSE:HOG) CFO Sells $42,672.84 in Stock

Harley-Davidson, Inc. (NYSE:HOG) CFO Jonathan Root sold 1,554 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $27.46, for a total transaction of $42,672.84. Following the transaction, the chief financial officer owned 26,292 shares of the company’s stock, valued at approximately $721,978.32. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Harley-Davidson Price Performance

NYSE:HOG opened at $28.29 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90. The stock’s 50-day simple moving average is $26.39 and its 200 day simple moving average is $23.69. The company has a market cap of $2.94 billion, a P/E ratio of 17.36, a P/E/G ratio of 9.09 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.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.65 by $0.10. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm posted $0.88 earnings per share. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Harley-Davidson, Inc. will post 0.56 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.1875 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.75 dividend on an annualized basis and a yield of 2.7%. Harley-Davidson’s dividend payout ratio (DPR) is presently 46.01%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HOG. Weiss Ratings raised shares of Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. UBS Group lifted their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday. Loop Capital raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Monday, July 20th. DA Davidson raised their target price 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. Finally, Robert W. Baird lifted their price target on shares of Harley-Davidson from $28.00 to $30.00 and gave the company 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 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.com, the company currently has a consensus rating of “Hold” and an average price target of $27.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HOG. Corient Private Wealth LP raised its stake in Harley-Davidson by 76.9% in the second quarter. Corient Private Wealth LP now owns 27,833 shares of the company’s stock valued at $681,000 after purchasing an additional 12,098 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Harley-Davidson during the second quarter worth about $2,879,000. California State Teachers Retirement System grew its stake in Harley-Davidson by 2,455.2% during the second quarter. California State Teachers Retirement System now owns 3,162,213 shares of the company’s stock worth $77,348,000 after buying an additional 3,038,456 shares in the last quarter. Syon Capital LLC increased its holdings in Harley-Davidson by 4.2% in the 2nd quarter. Syon Capital LLC now owns 16,333 shares of the company’s stock valued at $400,000 after buying an additional 657 shares during the period. Finally, iSAM Funds UK Ltd bought a new position in Harley-Davidson in the 2nd quarter valued at about $245,000. 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.