UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 33,467 Shares of Harley-Davidson, Inc. $HOG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Harley-Davidson, Inc. (NYSE:HOG) by 8.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 373,395 shares of the company’s stock after selling 33,467 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.36% of Harley-Davidson worth $9,133,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HOG. Aberdeen Wealth Management LLC acquired a new stake in Harley-Davidson during the 2nd quarter worth $29,000. Pinnacle Holdings LLC bought a new stake in Harley-Davidson in the 4th quarter valued at approximately $30,000. Fifth Third Bancorp boosted its holdings in Harley-Davidson by 48.9% during the fourth quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after purchasing an additional 579 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Harley-Davidson by 858.2% during 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 last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Harley-Davidson by 153.8% during the first 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. Institutional investors own 85.10% of the company’s stock.

Insiders Place Their Bets

In related news, Director Daniel Nova acquired 40,000 shares of the stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $24.57 per share, for a total transaction of $982,800.00. Following the purchase, the director directly owned 47,605 shares of the company’s stock, valued at $1,169,654.85. The trade was a 525.97% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Artie Starrs bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average cost of $25.89 per share, for a total transaction of $258,900.00. Following the completion of the purchase, the chief executive officer owned 25,000 shares of the company’s stock, valued at $647,250. This represents a 66.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 57,500 shares of company stock valued at $1,439,550 and sold 4,662 shares valued at $119,316. 0.97% of the stock is currently owned by company insiders.

Harley-Davidson Trading Down 0.0%

Shares of NYSE HOG opened at $28.29 on Monday. The stock has a market cap of $2.94 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 9.30 and a beta of 1.29. Harley-Davidson, Inc. has a 52-week low of $17.09 and a 52-week high of $31.25. The firm has a 50 day moving average price of $26.39 and a two-hundred day moving average price of $23.71. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 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 company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, equities analysts forecast that Harley-Davidson, Inc. will post 0.56 EPS for the current year.

Harley-Davidson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.1875 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. Harley-Davidson’s dividend payout ratio is presently 46.01%.

Analysts Set New Price Targets

HOG has been the subject of a number of recent analyst reports. Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a research note on Monday, June 15th. DA Davidson upped their price objective on Harley-Davidson from $30.00 to $33.00 and gave the company a “buy” rating in a report on Monday, August 17th. Citigroup raised their target price on shares of Harley-Davidson from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Sunday, July 12th. Morgan Stanley raised their price target on Harley-Davidson from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. Finally, Robert W. Baird lifted their price objective on shares of Harley-Davidson from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Harley-Davidson has an average rating of “Hold” and a consensus price target of $27.00.

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.