Empowered Funds LLC Purchases Shares of 669,269 Harley-Davidson, Inc. $HOG

Empowered Funds LLC bought a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 669,269 shares of the company’s stock, valued at approximately $16,370,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Harley-Davidson in the second quarter valued at about $249,395,000. Donald Smith & CO. Inc. acquired a new position in Harley-Davidson during the second quarter valued at approximately $226,966,000. Boston Partners boosted its position in Harley-Davidson by 2.1% during the third 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 last quarter. State Street Corp grew its stake in Harley-Davidson by 1.7% in the second quarter. State Street Corp now owns 3,757,709 shares of the company’s stock valued at $88,682,000 after purchasing an additional 64,118 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Harley-Davidson by 8.4% during 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 last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HOG. Morgan Stanley upped 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. Citigroup raised their price objective on Harley-Davidson from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Sunday, July 12th. DA Davidson boosted their target price on Harley-Davidson from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, August 17th. UBS Group increased their price target on Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Griffin Securities set a $33.00 price objective on shares of Harley-Davidson in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Harley-Davidson currently has a consensus rating of “Hold” and a consensus target price of $26.78.

Insider Activity

In other Harley-Davidson news, CFO Jonathan R. Root sold 1,554 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $24.88, for a total transaction of $38,663.52. Following the completion of the transaction, the chief financial officer directly owned 27,846 shares in the company, valued at $692,808.48. The trade was a 5.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Gayle Littleton bought 7,500 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $26.38 per share, with a total value of $197,850.00. Following the completion of the purchase, the chief accounting officer directly owned 7,500 shares of the company’s stock, valued at approximately $197,850. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 57,500 shares of company stock valued at $1,439,550. 0.97% of the stock is owned by insiders.

Harley-Davidson Price Performance

Harley-Davidson stock opened at $28.09 on Friday. The firm has a market cap of $2.92 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 17.19 and a beta of 1.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. The stock’s fifty day moving average price is $26.15 and its two-hundred day moving average price is $23.43. Harley-Davidson, Inc. has a one year low of $17.09 and a one year high of $31.25.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Thursday, July 23rd. The company reported $0.75 EPS 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 analysts’ expectations of $1.17 billion. During the same period in the previous year, the company earned $0.88 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, research analysts expect that Harley-Davidson, Inc. will post 0.56 EPS for the current fiscal year.

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.