Jupiter Topco LLC Invests $1.27 Million in Harley-Davidson, Inc. $HOG

Jupiter Topco LLC acquired a new position in Harley-Davidson, Inc. (NYSE:HOG) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 52,099 shares of the company’s stock, valued at approximately $1,275,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aberdeen Wealth Management LLC bought a new stake in Harley-Davidson during the second quarter valued at approximately $29,000. Pinnacle Holdings LLC bought a new position in shares of Harley-Davidson in the 4th quarter worth $30,000. Fifth Third Bancorp raised its position in shares of Harley-Davidson by 48.9% during the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock valued at $36,000 after buying an additional 579 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Harley-Davidson by 858.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock worth $40,000 after acquiring an additional 1,459 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Harley-Davidson by 153.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after acquiring an additional 1,278 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Performance

Harley-Davidson stock opened at $28.29 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.70 and a debt-to-equity ratio of 0.36. The firm 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 1-year low of $17.09 and a 1-year high of $31.25. The firm has a 50-day moving average of $26.39 and a 200-day moving average of $23.69.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating 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 analyst estimates of $1.17 billion. During the same quarter in the prior year, the company posted $0.88 EPS. Harley-Davidson’s quarterly revenue was down 5.9% compared to the same quarter last year. Sell-side analysts expect that Harley-Davidson, Inc. will post 0.56 EPS for the current year.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Harley-Davidson’s dividend payout ratio (DPR) is currently 46.01%.

Analysts Set New Price Targets

A number of research firms recently commented on HOG. Citigroup increased their target price on 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 lifted their price target on Harley-Davidson from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Weiss Ratings upgraded Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wolfe Research reissued an “outperform” rating on shares of Harley-Davidson in a report on Monday, June 15th. Finally, Griffin Securities set a $33.00 price objective on shares of Harley-Davidson in a report on Monday, August 17th. 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 issued a Sell rating to the stock. According to MarketBeat.com, Harley-Davidson has an average rating of “Hold” and a consensus price target of $27.00.

Insider Activity at Harley-Davidson

In other news, Director Daniel J. Nova bought 40,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was purchased at an average price of $24.57 per share, with a total value of $982,800.00. Following the transaction, the director owned 47,605 shares of the company’s stock, valued at approximately $1,169,654.85. The trade was a 525.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Artie Starrs bought 10,000 shares of the stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $25.89 per share, with a total value of $258,900.00. Following the purchase, the chief executive officer owned 25,000 shares in the company, valued at $647,250. This trade represents a 66.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 57,500 shares of company stock valued at $1,439,550 and sold 4,662 shares valued at $119,316. Company insiders own 0.97% 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.