64,299 Shares in Harley-Davidson, Inc. $HOG Acquired by Money Concepts Capital Corp

Money Concepts Capital Corp acquired a new position in Harley-Davidson, Inc. (NYSE:HOG) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 64,299 shares of the company’s stock, valued at approximately $1,317,000.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Harley-Davidson by 7.3% during the 3rd quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock valued at $361,544,000 after acquiring an additional 886,998 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Harley-Davidson by 449.9% during the 3rd quarter. WINTON GROUP Ltd now owns 295,687 shares of the company’s stock valued at $8,250,000 after acquiring an additional 241,918 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Harley-Davidson by 615.5% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 61,465 shares of the company’s stock valued at $1,715,000 after acquiring an additional 52,875 shares during the last quarter. Algert Global LLC bought a new stake in shares of Harley-Davidson during the 3rd quarter valued at $17,246,000. Finally, SG Americas Securities LLC raised its position in shares of Harley-Davidson by 1,277.0% during the 4th quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company’s stock valued at $22,418,000 after acquiring an additional 1,014,660 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Trading Up 1.2%

Harley-Davidson stock opened at $25.62 on Thursday. The firm has a 50-day moving average of $21.23 and a 200-day moving average of $21.75. Harley-Davidson, Inc. has a one year low of $17.09 and a one year high of $31.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.91 and a quick ratio of 1.66. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 9.46 and a beta of 1.27.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company earned $1.07 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. On average, equities analysts expect that Harley-Davidson, Inc. will post 0.63 earnings per share for the current fiscal year.

Harley-Davidson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Monday, March 2nd were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.18. Harley-Davidson’s payout ratio is currently 42.61%.

Analyst Ratings Changes

HOG has been the subject of several recent research reports. Wall Street Zen cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Robert W. Baird set a $28.00 price objective on shares of Harley-Davidson in a research report on Wednesday, May 6th. Wells Fargo & Company upped their price objective on shares of Harley-Davidson from $15.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, May 6th. Morgan Stanley restated an “underweight” rating and issued a $12.00 price objective on shares of Harley-Davidson in a research report on Tuesday, February 17th. Finally, Citigroup upped their price objective on shares of Harley-Davidson from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Harley-Davidson presently has a consensus rating of “Hold” and an average target price of $23.89.

Insider Activity

In other news, Director Rafeh Masood bought 2,775 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were bought at an average cost of $18.00 per share, with a total value of $49,950.00. Following the acquisition, the director owned 7,480 shares in the company, valued at $134,640. This trade represents a 58.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James D. Farley, Jr. sold 6,454 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.71, for a total transaction of $120,754.34. Following the completion of the sale, the director directly owned 16,205 shares in the company, valued at approximately $303,195.55. The trade was a 28.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.97% of the stock is owned by insiders.

Harley-Davidson Company 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.