RVW Wealth LLC Makes New $14.78 Million Investment in Harley-Davidson, Inc. $HOG

RVW Wealth LLC purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 604,052 shares of the company’s stock, valued at approximately $14,775,000. Harley-Davidson accounts for about 1.0% of RVW Wealth LLC’s holdings, making the stock its 28th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Triumph Capital Management grew its position in shares of Harley-Davidson by 4.7% during the 3rd quarter. Triumph Capital Management now owns 10,171 shares of the company’s stock worth $284,000 after buying an additional 454 shares during the period. State of Michigan Retirement System lifted its position in shares of Harley-Davidson by 1.8% during the 1st quarter. State of Michigan Retirement System now owns 28,461 shares of the company’s stock valued at $575,000 after acquiring an additional 500 shares during the period. Fifth Third Bancorp lifted its position in shares of Harley-Davidson by 48.9% during the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock valued at $36,000 after acquiring an additional 579 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Harley-Davidson by 2.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 24,251 shares of the company’s stock worth $490,000 after acquiring an additional 600 shares in the last quarter. Finally, Dark Forest Capital Management LP grew its holdings in Harley-Davidson by 3.4% in the third quarter. Dark Forest Capital Management LP now owns 26,445 shares of the company’s stock worth $738,000 after purchasing an additional 872 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HOG. Robert W. Baird upped their price objective on shares of Harley-Davidson from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Wells Fargo & Company upped their price target on Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Griffin Securities set a $30.00 price objective on Harley-Davidson in a research note on Monday, July 6th. Zacks Research upgraded Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, UBS Group increased their target price on Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Harley-Davidson presently has an average rating of “Hold” and an average price target of $26.11.

Harley-Davidson Price Performance

HOG opened at $25.69 on Friday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 17.94 and a beta of 1.27. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $25.43 and a 200-day moving average price of $22.64. Harley-Davidson, Inc. has a twelve month low of $17.09 and a twelve month high of $31.25.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. Equities analysts expect that Harley-Davidson, Inc. will post 0.5 EPS for the current year.

Harley-Davidson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 8th were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, June 8th. Harley-Davidson’s dividend payout ratio (DPR) is 46.01%.

Insider Activity at Harley-Davidson

In other news, insider Paul J. Krause sold 1,564 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $26.00, for a total transaction of $40,664.00. Following the sale, the insider owned 30,012 shares in the company, valued at approximately $780,312. This trade represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 Harley-Davidson stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $24.88, for a total transaction of $38,663.52. Following the sale, the chief financial officer directly owned 27,846 shares of the company’s stock, valued at $692,808.48. This represents a 5.29% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 6,226 shares of company stock valued at $154,930. Company 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.