SG Americas Securities LLC Cuts Stake in Harley-Davidson, Inc. $HOG

SG Americas Securities LLC reduced its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 88.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,044 shares of the company’s stock after selling 966,075 shares during the period. SG Americas Securities LLC’s holdings in Harley-Davidson were worth $2,589,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $2,183,000 after acquiring an additional 33,097 shares during the last quarter. Empowered Funds LLC grew 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 valued at $443,000 after purchasing an additional 2,712 shares during the last quarter. Geneos Wealth Management Inc. grew 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 valued at $53,000 after purchasing an additional 1,278 shares during the last quarter. Federated Hermes Inc. raised its position in Harley-Davidson by 32.8% in the 2nd quarter. Federated Hermes Inc. now owns 16,076 shares of the company’s stock worth $379,000 after purchasing an additional 3,967 shares during the period. Finally, California Public Employees Retirement System raised its position in Harley-Davidson by 12.0% in the 2nd quarter. California Public Employees Retirement System now owns 204,156 shares of the company’s stock worth $4,818,000 after purchasing an additional 21,913 shares during the period. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Trading Up 1.0%

NYSE:HOG opened at $24.46 on Wednesday. The company has a fifty day moving average of $24.56 and a 200 day moving average of $21.75. Harley-Davidson, Inc. has a 52 week low of $17.09 and a 52 week high of $31.25. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $2.58 billion, a P/E ratio of 13.90, a P/E/G ratio of 14.71 and a beta of 1.26.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a net margin of 5.68% and a return on equity of 7.03%. During the same period in the previous year, the company earned $1.07 EPS. The company’s quarterly revenue was down 11.7% on a year-over-year basis. On average, research analysts predict that Harley-Davidson, Inc. will post 0.39 earnings per share for the current year.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, June 8th. Harley-Davidson’s dividend payout ratio is currently 42.61%.

Wall Street Analyst Weigh In

Several analysts have weighed in on HOG shares. Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. UBS Group raised their price objective on Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Citigroup lifted their price objective on Harley-Davidson from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Morgan Stanley boosted their target price on Harley-Davidson from $12.00 to $15.00 and gave the company an “underweight” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen cut Harley-Davidson from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Harley-Davidson presently has an average rating of “Hold” and an average price target of $24.22.

Insider Transactions at Harley-Davidson

In related news, insider Paul J. Krause sold 1,564 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $26.00, for a total value of $40,664.00. Following the sale, the insider directly owned 30,012 shares of the company’s stock, valued at $780,312. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jonathan R. Root sold 1,554 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $24.21, for a total value of $37,622.34. Following the transaction, the chief financial officer owned 32,508 shares in the company, valued at approximately $787,018.68. This represents a 4.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.97% of the company’s stock.

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.