Hsbc Holdings PLC Purchases 21,931 Shares of Harley-Davidson, Inc. $HOG

Hsbc Holdings PLC raised its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 96.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,665 shares of the company’s stock after purchasing an additional 21,931 shares during the period. Hsbc Holdings PLC’s holdings in Harley-Davidson were worth $920,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Triumph Capital Management increased 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 valued at $284,000 after purchasing an additional 454 shares during the last quarter. Allworth Financial LP lifted its position in Harley-Davidson by 13.7% in the 3rd quarter. Allworth Financial LP now owns 4,314 shares of the company’s stock worth $120,000 after buying an additional 519 shares during the last quarter. Fifth Third Bancorp lifted its position 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 during the last quarter. Dark Forest Capital Management LP boosted its stake 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 buying an additional 872 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Harley-Davidson by 36.3% in the fourth quarter. Farther Finance Advisors LLC now owns 4,119 shares of the company’s stock worth $84,000 after buying an additional 1,098 shares in the last quarter. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Price Performance

Shares of Harley-Davidson stock opened at $25.40 on Tuesday. The company’s fifty day simple moving average is $24.85 and its two-hundred day simple moving average is $21.99. Harley-Davidson, Inc. has a 12-month low of $17.09 and a 12-month high of $31.25. The firm has a market cap of $2.67 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 14.98 and a beta of 1.26. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 EPS 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 the consensus estimate of $1.01 billion. Harley-Davidson had a net margin of 5.68% and a return on equity of 7.03%. The business’s revenue was down 11.7% on a year-over-year basis. During the same period last year, the company posted $1.07 earnings per share. As a group, equities analysts expect that Harley-Davidson, Inc. will post 0.4 EPS for the current year.

Harley-Davidson Dividend Announcement

The firm also recently disclosed 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 was Monday, June 8th. This represents a $0.75 annualized dividend and a yield of 3.0%. Harley-Davidson’s dividend payout ratio (DPR) is 42.61%.

Insider Activity at Harley-Davidson

In other news, CFO Jonathan R. Root sold 1,554 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $24.44, for a total value of $37,979.76. Following the sale, the chief financial officer directly owned 29,400 shares in the company, valued at approximately $718,536. This trade represents a 5.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $26.00, for a total value of $40,664.00. Following the transaction, the insider directly owned 30,012 shares in the company, 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 sold 4,672 shares of company stock valued at $116,266. Company insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

HOG has been the topic of several research reports. 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. Robert W. Baird set a $28.00 target price on shares of Harley-Davidson in a report on Wednesday, May 6th. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. DA Davidson boosted their price target on shares of Harley-Davidson from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Finally, UBS Group upped their price target on shares of Harley-Davidson from $19.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.44.

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.