PDT Partners LLC Purchases Shares of 267,478 Harley-Davidson, Inc. $HOG

PDT Partners LLC purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 267,478 shares of the company’s stock, valued at approximately $6,543,000. PDT Partners LLC owned 0.26% of Harley-Davidson as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HOG. Triumph Capital Management increased its holdings in Harley-Davidson by 4.7% in the 3rd quarter. Triumph Capital Management now owns 10,171 shares of the company’s stock valued at $284,000 after purchasing an additional 454 shares during the last quarter. State of Michigan Retirement System lifted its stake in Harley-Davidson by 1.8% during the first quarter. State of Michigan Retirement System now owns 28,461 shares of the company’s stock worth $575,000 after purchasing an additional 500 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of 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 buying an additional 579 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Harley-Davidson by 2.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,251 shares of the company’s stock valued at $490,000 after buying an additional 600 shares in the last quarter. Finally, Dark Forest Capital Management LP grew its stake in shares of Harley-Davidson by 3.4% in the third quarter. Dark Forest Capital Management LP now owns 26,445 shares of the company’s stock valued at $738,000 after buying an additional 872 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Griffin Securities set a $33.00 target price on Harley-Davidson in a research note on Monday, August 17th. Robert W. Baird lifted their target price on Harley-Davidson from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. 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 research note on Tuesday, July 28th. Wolfe Research reissued an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. Finally, Weiss Ratings raised shares of Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. One research 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.78.

Insider Activity at Harley-Davidson

In related news, Director Daniel J. Nova purchased 40,000 shares of Harley-Davidson stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average cost of $24.57 per share, with a total value of $982,800.00. Following the completion of the transaction, the director directly owned 47,605 shares in the company, valued at approximately $1,169,654.85. The trade was a 525.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jonathan R. Root sold 1,554 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $24.88, for a total value of $38,663.52. Following the completion of the sale, the chief financial officer directly owned 27,846 shares of the company’s stock, valued at $692,808.48. The trade was 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. Over the last three months, insiders have purchased 57,500 shares of company stock valued at $1,439,550. Company insiders own 0.97% of the company’s stock.

Harley-Davidson Price Performance

Harley-Davidson stock opened at $27.55 on Wednesday. The stock has a market cap of $2.87 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 17.47 and a beta of 1.27. The company has a fifty day simple moving average of $26.01 and a 200-day simple moving average of $23.29. Harley-Davidson, Inc. has a 12-month low of $17.09 and a 12-month high of $31.25. The company has a current ratio of 1.90, a quick ratio of 1.70 and a debt-to-equity ratio of 0.36.

Harley-Davidson (NYSE:HOG) last issued its 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. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. Equities analysts expect that Harley-Davidson, Inc. will post 0.56 EPS for the current fiscal year.

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.