LSV Asset Management Sells 144,458 Shares of Harley-Davidson, Inc. $HOG

LSV Asset Management reduced its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,117,494 shares of the company’s stock after selling 144,458 shares during the period. LSV Asset Management owned about 4.21% of Harley-Davidson worth $142,778,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Harley-Davidson by 62.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company’s stock worth $2,183,000 after purchasing an additional 33,097 shares during the period. Empowered Funds LLC grew its stake in shares of Harley-Davidson by 18.3% during the first quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock valued at $443,000 after buying an additional 2,712 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Harley-Davidson by 153.8% in the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after buying an additional 1,278 shares during the period. KLP Kapitalforvaltning AS increased its holdings in shares of Harley-Davidson by 6.8% in the second quarter. KLP Kapitalforvaltning AS now owns 36,200 shares of the company’s stock worth $854,000 after buying an additional 2,300 shares during the period. Finally, Callan Family Office LLC bought a new stake in shares of Harley-Davidson in the 2nd quarter valued at about $312,000. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Performance

Shares of HOG stock opened at $20.58 on Thursday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.53 and a beta of 1.39. The stock has a fifty day moving average of $20.91 and a 200 day moving average of $24.75. Harley-Davidson, Inc. has a 52 week low of $19.33 and a 52 week high of $31.25. The company has a quick ratio of 2.36, a current ratio of 2.10 and a debt-to-equity ratio of 0.52.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, February 10th. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of ($0.92) by ($1.52). Harley-Davidson had a return on equity of 10.27% and a net margin of 8.03%.The company had revenue of $496.16 million during the quarter, compared to the consensus estimate of $482.21 million. During the same quarter last year, the company posted ($0.93) earnings per share. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. As a group, research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Tuesday, December 9th were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $0.72 annualized dividend and a dividend yield of 3.5%. Harley-Davidson’s dividend payout ratio is currently 17.48%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HOG. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Harley-Davidson in a research note on Thursday, January 22nd. Citigroup cut their target price on shares of Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Harley-Davidson in a research note on Wednesday. Loop Capital initiated coverage on shares of Harley-Davidson in a report on Tuesday, November 25th. They set a “hold” rating and a $21.00 price target for the company. Finally, UBS Group cut their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $24.88.

Harley-Davidson 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.