BlackRock Inc. Purchases New Shares in Harley-Davidson, Inc. $HOG

BlackRock Inc. acquired a new stake in Harley-Davidson, Inc. (NYSE:HOG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,196,018 shares of the company’s stock, valued at approximately $249,395,000. BlackRock Inc. owned approximately 0.10% of Harley-Davidson as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Donald Smith & CO. Inc. increased its stake in shares of Harley-Davidson by 30.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock valued at $182,345,000 after purchasing an additional 2,095,477 shares in the last quarter. Boston Partners boosted its position in Harley-Davidson by 2.1% during the third quarter. Boston Partners now owns 4,021,078 shares of the company’s stock worth $112,179,000 after purchasing an additional 84,516 shares in the last quarter. State Street Corp grew its holdings in Harley-Davidson by 1.7% in the second quarter. State Street Corp now owns 3,757,709 shares of the company’s stock valued at $88,682,000 after purchasing an additional 64,118 shares during the period. Bank of New York Mellon Corp increased its position in shares of Harley-Davidson by 8.4% in the first quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock valued at $42,675,000 after buying an additional 163,762 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Harley-Davidson by 456.7% in the first quarter. Bank of America Corp DE now owns 1,735,378 shares of the company’s stock valued at $35,089,000 after buying an additional 1,423,675 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Insider Transactions at Harley-Davidson

In other news, CAO Gayle Littleton acquired 7,500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $26.38 per share, for a total transaction of $197,850.00. Following the acquisition, the chief accounting officer owned 7,500 shares of the company’s stock, valued at approximately $197,850. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel J. Nova bought 40,000 shares of the stock in a transaction on Friday, July 31st. The shares were acquired at an average cost of $24.57 per share, for a total transaction of $982,800.00. Following the purchase, the director owned 47,605 shares in the company, valued at $1,169,654.85. The trade was a 525.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 57,500 shares of company stock valued at $1,439,550 in the last 90 days. 0.97% of the stock is owned by company insiders.

Analyst Ratings Changes

HOG has been the topic of a number of recent analyst reports. DA Davidson increased their target price on Harley-Davidson from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Morgan Stanley boosted their price target on shares of Harley-Davidson from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. Wolfe Research restated an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. Wells Fargo & Company increased their price objective on shares of Harley-Davidson from $15.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Finally, Citigroup lifted their target price on shares of Harley-Davidson from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Harley-Davidson has an average rating of “Hold” and an average target price of $26.78.

Harley-Davidson Price Performance

Shares of Harley-Davidson stock opened at $27.85 on Thursday. The business has a 50 day simple moving average of $26.06 and a two-hundred day simple moving average of $23.34. Harley-Davidson, Inc. has a 12 month low of $17.09 and a 12 month high of $31.25. The stock has a market capitalization of $2.90 billion, a P/E ratio of 17.09, a PEG ratio of 16.98 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 issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share (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 firm 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 company posted $0.88 earnings per share. The business’s revenue was down 5.9% on a year-over-year basis. As a group, analysts predict that Harley-Davidson, Inc. will post 0.56 EPS for the current fiscal year.

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.