Daniel Nova Buys 40,000 Shares of Harley-Davidson (NYSE:HOG) Stock

Harley-Davidson, Inc. (NYSE:HOG) Director Daniel Nova purchased 40,000 shares of the stock in a transaction dated Friday, July 31st. The stock was acquired at an average cost of $24.57 per share, for a total transaction of $982,800.00. Following the transaction, the director owned 47,605 shares of the company’s stock, valued at approximately $1,169,654.85. This trade represents a 525.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Harley-Davidson Stock Performance

HOG traded up $0.75 on Monday, hitting $25.29. The company’s stock had a trading volume of 2,582,354 shares, compared to its average volume of 3,235,747. The company’s 50 day simple moving average is $25.26 and its 200-day simple moving average is $22.50. The firm has a market cap of $2.66 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 16.81 and a beta of 1.27. Harley-Davidson, Inc. has a 12 month low of $17.09 and a 12 month high of $31.25. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business earned $0.88 EPS. Harley-Davidson’s revenue was down 5.9% compared to the same quarter last year. Analysts forecast that Harley-Davidson, Inc. will post 0.5 EPS for the current year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 8th were given a $0.1875 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.75 annualized dividend and a dividend yield of 3.0%. Harley-Davidson’s payout ratio is 46.01%.

Institutional Investors Weigh In On Harley-Davidson

Several large investors have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. grew its position in Harley-Davidson by 30.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock worth $182,345,000 after buying an additional 2,095,477 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Harley-Davidson by 456.7% in the 1st quarter. Bank of America Corp DE now owns 1,735,378 shares of the company’s stock valued at $35,089,000 after acquiring an additional 1,423,675 shares in the last quarter. Aegis Financial Corp purchased a new stake in shares of Harley-Davidson in the 1st quarter valued at about $27,681,000. Norges Bank bought a new stake in shares of Harley-Davidson during the 4th quarter valued at about $25,766,000. Finally, Pacer Advisors Inc. boosted its position in shares of Harley-Davidson by 6,537.2% during the 1st quarter. Pacer Advisors Inc. now owns 937,836 shares of the company’s stock valued at $18,963,000 after acquiring an additional 923,706 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group raised their target price on Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Griffin Securities set a $30.00 price target on Harley-Davidson in a research report on Monday, July 6th. Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Harley-Davidson in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.11.

About Harley-Davidson

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.