Odyssean LLC Makes New $516,000 Investment in Harley-Davidson, Inc. $HOG

Odyssean LLC purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 21,114 shares of the company’s stock, valued at approximately $516,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Harley-Davidson during the second quarter worth about $249,395,000. Donald Smith & CO. Inc. acquired a new stake in Harley-Davidson during the 2nd quarter valued at approximately $226,966,000. Boston Partners increased its position in Harley-Davidson by 2.1% during the 3rd quarter. Boston Partners now owns 4,021,078 shares of the company’s stock valued at $112,179,000 after purchasing an additional 84,516 shares during the period. State Street Corp raised its holdings in Harley-Davidson by 1.7% during the 2nd quarter. State Street Corp now owns 3,757,709 shares of the company’s stock worth $88,682,000 after purchasing an additional 64,118 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Harley-Davidson by 8.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock worth $42,675,000 after purchasing an additional 163,762 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Insider Activity at Harley-Davidson

In related news, CEO Artie Starrs acquired 10,000 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average price of $25.89 per share, for a total transaction of $258,900.00. Following the completion of the acquisition, the chief executive officer owned 25,000 shares of the company’s stock, valued at approximately $647,250. This trade represents a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel J. Nova acquired 40,000 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were bought at an average cost of $24.57 per share, for a total transaction of $982,800.00. Following the transaction, the director directly owned 47,605 shares in the company, valued at approximately $1,169,654.85. This represents a 525.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 57,500 shares of company stock valued at $1,439,550. Company insiders own 0.97% of the company’s stock.

Harley-Davidson Price Performance

Harley-Davidson stock opened at $27.85 on Thursday. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 16.98 and a beta of 1.27. Harley-Davidson, Inc. has a 52-week low of $17.09 and a 52-week high of $31.25. 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 moving average price is $26.06 and its two-hundred day moving average price is $23.34.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.10. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business posted $0.88 EPS. Harley-Davidson’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities analysts predict that Harley-Davidson, Inc. will post 0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

HOG has been the topic of a number of analyst reports. Weiss Ratings raised shares of Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company lifted their target price on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Morgan Stanley boosted their target price on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Robert W. Baird upped 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. Finally, Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.78.

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.