Rafeh Masood Acquires 2,775 Shares of Harley-Davidson (NYSE:HOG) Stock

Harley-Davidson, Inc. (NYSE:HOG) Director Rafeh Masood purchased 2,775 shares of Harley-Davidson stock in a transaction dated Friday, February 27th. The stock was bought at an average price of $18.00 per share, with a total value of $49,950.00. Following the acquisition, the director directly owned 7,480 shares of the company’s stock, valued at approximately $134,640. This trade represents a 58.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Harley-Davidson Stock Up 4.0%

Shares of HOG stock opened at $18.48 on Wednesday. Harley-Davidson, Inc. has a 12-month low of $17.11 and a 12-month high of $31.25. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $20.23 and a 200-day moving average of $24.21. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 7.08 and a beta of 1.42.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, February 10th. The company reported ($2.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($1.52). The company had revenue of $496.16 million during the quarter, compared to analyst estimates of $482.21 million. Harley-Davidson had a return on equity of 10.27% and a net margin of 8.03%.Harley-Davidson’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.93) earnings per share. As a group, equities research analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.1875 per share. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.18. This represents a $0.75 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, March 2nd. Harley-Davidson’s payout ratio is currently 28.74%.

Institutional Trading of Harley-Davidson

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 valued at $2,183,000 after purchasing an additional 33,097 shares during the period. Empowered Funds LLC increased its position in Harley-Davidson by 18.3% during the first quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock worth $443,000 after buying an additional 2,712 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Harley-Davidson by 153.8% in the first 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. AlphaQuest LLC raised its stake in Harley-Davidson by 590.0% in the second quarter. AlphaQuest LLC now owns 8,680 shares of the company’s stock valued at $205,000 after buying an additional 7,422 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Harley-Davidson by 4.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 76,068 shares of the company’s stock valued at $1,795,000 after buying an additional 3,012 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. DA Davidson reduced their price target on Harley-Davidson from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Morgan Stanley reissued an “underweight” rating and issued a $12.00 price objective on shares of Harley-Davidson in a research report on Tuesday, February 17th. Robert W. Baird set a $22.00 target price on shares of Harley-Davidson in a research report on Wednesday, February 11th. Argus upgraded shares of Harley-Davidson to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Citigroup cut their price target on shares of Harley-Davidson from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $23.50.

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.