Legal & General Group Plc Takes Position in Harley-Davidson, Inc. $HOG

Legal & General Group Plc acquired a new position in shares of Harley-Davidson, Inc. (NYSE:HOG) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 154,556 shares of the company’s stock, valued at approximately $3,780,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HOG. Aberdeen Wealth Management LLC purchased a new stake in Harley-Davidson in the 2nd quarter valued at $29,000. Pinnacle Holdings LLC purchased a new position in Harley-Davidson during the fourth quarter worth about $30,000. Fifth Third Bancorp boosted its holdings in Harley-Davidson by 48.9% in the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock valued at $36,000 after purchasing an additional 579 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Harley-Davidson by 858.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock valued at $40,000 after buying an additional 1,459 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Harley-Davidson by 153.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after buying an additional 1,278 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analyst Ratings Changes

HOG has been the topic of several analyst reports. UBS Group lifted their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday. DA Davidson upped their price target on Harley-Davidson from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a report on Monday, June 15th. Griffin Securities set a $33.00 price objective on Harley-Davidson in a research report on Monday, August 17th. Finally, Robert W. Baird boosted their price objective on shares of Harley-Davidson from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.00.

Insider Buying and Selling at Harley-Davidson

In related news, CEO Artie Starrs bought 10,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $25.89 per share, with a total value of $258,900.00. Following the purchase, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $647,250. This trade represents a 66.67% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Gayle Littleton purchased 7,500 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $26.38 per share, for a total transaction of $197,850.00. Following the acquisition, the chief accounting officer owned 7,500 shares in the company, valued at $197,850. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 57,500 shares of company stock worth $1,439,550 and have sold 4,662 shares worth $119,316. Corporate insiders own 0.97% of the company’s stock.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $28.29 on Friday. The business has a 50-day moving average of $26.39 and a 200 day moving average of $23.69. Harley-Davidson, Inc. has a 12 month low of $17.09 and a 12 month high of $31.25. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 9.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s revenue for the quarter 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 earnings per share for the current year.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a 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%.

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.