Harley-Davidson, Inc. $HOG Shares Sold by SummitTX Capital L.P.

SummitTX Capital L.P. decreased its stake in Harley-Davidson, Inc. (NYSE:HOG) by 16.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,812 shares of the company’s stock after selling 28,488 shares during the period. SummitTX Capital L.P.’s holdings in Harley-Davidson were worth $2,908,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HOG. Donald Smith & CO. Inc. raised its holdings 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 buying an additional 2,095,477 shares during the period. Aegis Financial Corp purchased a new position in Harley-Davidson in the 1st quarter worth approximately $27,681,000. Norges Bank acquired a new stake in Harley-Davidson in the fourth quarter valued at approximately $25,766,000. Voloridge Investment Management LLC acquired a new stake in Harley-Davidson in the third quarter valued at approximately $21,761,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Harley-Davidson by 155.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 959,517 shares of the company’s stock valued at $19,661,000 after purchasing an additional 584,593 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on HOG shares. DA Davidson boosted their target price on shares of Harley-Davidson from $25.00 to $30.00 and gave the stock a “buy” rating 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 target for the company in a report on Monday, July 20th. 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. Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a report on Monday, June 15th. Finally, Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.11.

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 completion of the transaction, the chief financial officer 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 legal 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 completion of the sale, the insider owned 30,012 shares of the company’s stock, valued at $780,312. This trade represents a 4.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders own 0.97% of the company’s stock.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $25.30 on Wednesday. The firm has a market cap of $2.66 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 18.24 and a beta of 1.26. The firm’s 50-day simple moving average is $25.20 and its 200-day simple moving average is $22.42. 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, Inc. has a 1 year low of $17.09 and a 1 year high of $31.25.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 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 the consensus estimate of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.88 earnings per share. Equities analysts forecast that Harley-Davidson, Inc. will post 0.47 earnings per share for the current fiscal year.

Harley-Davidson Dividend Announcement

The company 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 3.0%. The ex-dividend date of this dividend was Monday, June 8th. Harley-Davidson’s dividend payout ratio (DPR) is currently 46.01%.

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.