Man Group plc Takes $5.97 Million Position in Harley-Davidson, Inc. $HOG

Man Group plc acquired a new stake in Harley-Davidson, Inc. (NYSE:HOG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 244,266 shares of the company’s stock, valued at approximately $5,975,000.

A number of other institutional investors have also modified their holdings of HOG. Aberdeen Wealth Management LLC bought a new position in Harley-Davidson in the second quarter worth approximately $29,000. Pinnacle Holdings LLC bought a new stake in Harley-Davidson during the 4th quarter valued at $30,000. Fifth Third Bancorp lifted its holdings in shares of 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 during the period. Versant Capital Management Inc lifted its holdings in shares of Harley-Davidson by 858.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock worth $40,000 after buying an additional 1,459 shares during the period. Finally, Geneos Wealth Management Inc. grew its position 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 buying an additional 1,278 shares in the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Performance

HOG opened at $28.09 on Friday. The firm has a fifty day moving average price of $26.15 and a 200 day moving average price of $23.43. Harley-Davidson, Inc. has a 1 year low of $17.09 and a 1 year high of $31.25. The stock has a market cap of $2.92 billion, a P/E ratio of 17.23, a P/E/G ratio of 17.35 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.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share 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 company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. Harley-Davidson’s quarterly revenue was down 5.9% compared to the same quarter last year. Equities research analysts anticipate that Harley-Davidson, Inc. will post 0.56 earnings per share for the current year.

Insider Transactions at Harley-Davidson

In related news, CAO Gayle Littleton purchased 7,500 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $26.38 per share, for a total transaction of $197,850.00. Following the completion of the transaction, the chief accounting officer directly owned 7,500 shares of the company’s stock, valued at approximately $197,850. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Artie Starrs bought 10,000 shares of the business’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $25.89 per share, with a total value of $258,900.00. Following the completion of the purchase, the chief executive officer directly owned 25,000 shares in the company, valued at approximately $647,250. The trade was a 66.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 57,500 shares of company stock valued at $1,439,550 over the last ninety days. Company insiders own 0.97% of the company’s stock.

Wall Street Analysts Forecast Growth

HOG has been the topic of several recent research reports. UBS Group increased their target price on shares of Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Citigroup boosted their price target on shares of Harley-Davidson from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Sunday, July 12th. Robert W. Baird upped their target price on Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. DA Davidson upped their price objective on Harley-Davidson from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Finally, Morgan Stanley raised their price objective on Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Harley-Davidson has a consensus rating of “Hold” and an average price target of $26.78.

Harley-Davidson 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.