Louisiana State Employees Retirement System Invests $694,000 in Harley-Davidson, Inc. $HOG

Louisiana State Employees Retirement System bought a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG) during the 1st quarter, HoldingsChannel.com reports. The fund bought 34,300 shares of the company’s stock, valued at approximately $694,000.

Several other large investors have also bought and sold shares of the stock. Triumph Capital Management raised its holdings in shares of Harley-Davidson by 4.7% in the third quarter. Triumph Capital Management now owns 10,171 shares of the company’s stock valued at $284,000 after purchasing an additional 454 shares during the last quarter. Allworth Financial LP boosted its position in Harley-Davidson by 13.7% in the third quarter. Allworth Financial LP now owns 4,314 shares of the company’s stock worth $120,000 after purchasing an additional 519 shares during the last quarter. Fifth Third Bancorp grew 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 valued at $36,000 after purchasing an additional 579 shares during the period. Dark Forest Capital Management LP boosted its holdings in shares of Harley-Davidson by 3.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 26,445 shares of the company’s stock worth $738,000 after buying an additional 872 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Harley-Davidson by 36.3% during the fourth quarter. Farther Finance Advisors LLC now owns 4,119 shares of the company’s stock valued at $84,000 after buying an additional 1,098 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Insider Transactions at Harley-Davidson

In other Harley-Davidson news, CFO Jonathan R. Root sold 1,554 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $24.44, for a total transaction of $37,979.76. Following the completion of the sale, the chief financial officer directly owned 29,400 shares in the company, valued at $718,536. The trade was a 5.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $26.00, for a total transaction of $40,664.00. Following the completion of the transaction, the insider 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 4,672 shares of company stock valued at $116,266. Corporate insiders own 0.97% of the company’s stock.

Harley-Davidson Price Performance

NYSE HOG traded up $0.46 on Tuesday, hitting $25.78. The stock had a trading volume of 59,321 shares, compared to its average volume of 3,290,195. The firm has a 50-day moving average of $24.66 and a 200-day moving average of $21.84. 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, Inc. has a 52-week low of $17.09 and a 52-week high of $31.25. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 15.15 and a beta of 1.26.

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

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 8th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.75 annualized dividend and a dividend yield of 2.9%. Harley-Davidson’s dividend payout ratio (DPR) is presently 42.61%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Citigroup raised their target price on Harley-Davidson from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Morgan Stanley lifted their price objective on shares of Harley-Davidson from $12.00 to $15.00 and gave the company an “underweight” rating in a research note on Tuesday, May 19th. Zacks Research upgraded Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. One investment 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’s stock. Based on data from MarketBeat.com, Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $24.33.

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.