Twelve Points Wealth Management LLC Sells 34,393 Shares of Harley-Davidson, Inc. $HOG

Twelve Points Wealth Management LLC reduced its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 43.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 44,293 shares of the company’s stock after selling 34,393 shares during the period. Twelve Points Wealth Management LLC’s holdings in Harley-Davidson were worth $949,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HOG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Harley-Davidson by 62.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company’s stock worth $2,183,000 after acquiring an additional 33,097 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Harley-Davidson by 18.3% during the 1st quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock worth $443,000 after acquiring an additional 2,712 shares during the last quarter. 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. Federated Hermes Inc. lifted its holdings in shares of Harley-Davidson by 32.8% during the 2nd quarter. Federated Hermes Inc. now owns 16,076 shares of the company’s stock worth $379,000 after acquiring an additional 3,967 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Harley-Davidson by 12.0% during the 2nd quarter. California Public Employees Retirement System now owns 204,156 shares of the company’s stock worth $4,818,000 after acquiring an additional 21,913 shares during the last quarter. 85.10% of the stock is owned by institutional investors.

Insider Transactions at Harley-Davidson

In other news, Director Rafeh Masood acquired 2,775 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were purchased at an average price of $18.00 per share, for a total transaction of $49,950.00. Following the completion of the transaction, the director owned 7,480 shares of the company’s stock, valued at $134,640. The trade was a 58.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James D. Farley, Jr. sold 6,454 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.71, for a total transaction of $120,754.34. Following the completion of the transaction, the director owned 16,205 shares in the company, valued at $303,195.55. The trade was a 28.48% decrease in their position. The SEC filing for this sale provides additional information. 0.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HOG. Zacks Research downgraded shares of Harley-Davidson from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th. Argus raised shares of Harley-Davidson to a “strong-buy” rating in a research note on Tuesday, February 17th. Wall Street Zen downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. UBS Group lowered their price target on shares of Harley-Davidson from $27.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Finally, Weiss Ratings downgraded shares of Harley-Davidson from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Harley-Davidson presently has an average rating of “Hold” and an average price target of $21.67.

Harley-Davidson Stock Performance

Harley-Davidson stock opened at $22.80 on Friday. 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 company has a market capitalization of $2.55 billion, a PE ratio of 8.74 and a beta of 1.28. The firm has a fifty day simple moving average of $19.52 and a two-hundred day simple moving average of $22.35. Harley-Davidson, Inc. has a twelve month low of $17.09 and a twelve month high of $31.25.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, February 10th. The company reported ($2.44) earnings per share 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 business had revenue of $496.16 million during the quarter, compared to the consensus estimate of $482.21 million. During the same period in the prior year, the firm earned ($0.93) earnings per share. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. Research analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Monday, March 2nd were given a $0.1875 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.18. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.3%. Harley-Davidson’s dividend payout ratio is presently 28.74%.

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.