Sei Investments Co. Has $4.61 Million Stake in Harley-Davidson, Inc. $HOG

Sei Investments Co. increased its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 100.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 228,009 shares of the company’s stock after buying an additional 114,441 shares during the quarter. Sei Investments Co.’s holdings in Harley-Davidson were worth $4,608,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Donald Smith & CO. Inc. lifted its position in shares of Harley-Davidson by 30.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock valued at $182,345,000 after acquiring an additional 2,095,477 shares during the period. Boston Partners raised its stake in Harley-Davidson by 2.1% in the third quarter. Boston Partners now owns 4,021,078 shares of the company’s stock valued at $112,179,000 after purchasing an additional 84,516 shares in the last quarter. State Street Corp lifted its position in Harley-Davidson by 1.7% during the second quarter. State Street Corp now owns 3,757,709 shares of the company’s stock worth $88,682,000 after purchasing an additional 64,118 shares during the period. Bank of New York Mellon Corp lifted its position in Harley-Davidson by 8.4% during the first quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock worth $42,675,000 after purchasing an additional 163,762 shares during the period. Finally, Aegis Financial Corp acquired a new stake in Harley-Davidson during the first quarter worth about $27,681,000. Institutional investors own 85.10% of the company’s stock.

Insiders Place Their Bets

In related news, Director Daniel J. Nova acquired 40,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the acquisition, the director directly 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 position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jonathan R. Root sold 1,554 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $24.88, for a total value of $38,663.52. Following the transaction, the chief financial officer directly owned 27,846 shares of the company’s stock, valued at approximately $692,808.48. This represents a 5.29% 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. Insiders have sold 6,226 shares of company stock valued at $154,930 in the last ninety days. 0.97% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HOG. Griffin Securities set a $30.00 target price on shares of Harley-Davidson in a research report on Monday, July 6th. Loop Capital raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Monday, July 20th. Wolfe Research restated an “outperform” rating on shares of Harley-Davidson in a research note on Monday, June 15th. Citigroup raised their target price on Harley-Davidson from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Sunday, July 12th. Finally, Weiss Ratings raised Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. One research 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.11.

Harley-Davidson Stock Performance

NYSE HOG opened at $26.21 on Thursday. The firm’s fifty day moving average price is $25.40 and its two-hundred day moving average price is $22.60. The stock has a market cap of $2.76 billion, a PE ratio of 16.08, a PEG ratio of 18.16 and a beta of 1.27. Harley-Davidson, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $31.25. 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 issued its 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. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS. On average, equities analysts expect that Harley-Davidson, Inc. will post 0.5 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 8th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s payout ratio is presently 46.01%.

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.