Harley-Davidson, Inc. (HOG) To Go Ex-Dividend on June 8th

Harley-Davidson, Inc. (NYSE:HOG) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Monday, June 8th will be paid a dividend of 0.1875 per share on Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, June 8th.

Harley-Davidson has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Harley-Davidson has a payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Harley-Davidson to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 48.1%.

Harley-Davidson Stock Up 2.5%

Shares of NYSE:HOG opened at $23.79 on Friday. Harley-Davidson has a 52-week low of $17.09 and a 52-week high of $31.25. The firm has a market capitalization of $2.50 billion, a P/E ratio of 13.52, a P/E/G ratio of 14.27 and a beta of 1.27. The stock has a 50 day moving average price of $21.97 and a 200-day moving average price of $21.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.66 and a current ratio of 1.91.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.12). Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s revenue was down 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that Harley-Davidson will post 0.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Jonathan R. Root sold 1,554 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $24.21, for a total value of $37,622.34. Following the transaction, the chief financial officer directly owned 32,508 shares of the company’s stock, valued at approximately $787,018.68. This trade represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Farley, Jr. sold 6,454 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $18.71, for a total value of $120,754.34. Following the completion of the transaction, the director directly owned 16,205 shares in the company, valued at approximately $303,195.55. This represents a 28.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,572 shares of company stock valued at $199,041 in the last 90 days. 0.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On Harley-Davidson

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in Harley-Davidson by 139.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock worth $26,000 after buying an additional 549 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in Harley-Davidson in the 4th quarter worth $30,000. Fifth Third Bancorp increased its stake in Harley-Davidson by 48.9% in the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after buying an additional 579 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Harley-Davidson by 153.8% in the 1st 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 in the last quarter. Finally, Westfuller Advisors LLC purchased a new stake in Harley-Davidson in the 3rd quarter worth $67,000. Hedge funds and other institutional investors own 85.10% of the company’s stock.

About Harley-Davidson

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.