Los Angeles Capital Management LLC Decreases Stock Position in Harley-Davidson, Inc. $HOG

Los Angeles Capital Management LLC decreased its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 18.0% in the fourth quarter, Holdings Channel reports. The fund owned 331,059 shares of the company’s stock after selling 72,580 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Harley-Davidson were worth $6,783,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Harley-Davidson by 139.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock valued at $26,000 after acquiring an additional 549 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Harley-Davidson by 48.9% in the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock valued at $36,000 after acquiring an additional 579 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Harley-Davidson by 153.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after acquiring an additional 1,278 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Harley-Davidson by 203.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,426 shares of the company’s stock valued at $68,000 after acquiring an additional 1,626 shares during the last quarter. Finally, Rothschild Investment LLC lifted its holdings in shares of Harley-Davidson by 310.2% in the 3rd quarter. Rothschild Investment LLC now owns 2,461 shares of the company’s stock valued at $69,000 after acquiring an additional 1,861 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Price Performance

Shares of HOG stock opened at $24.96 on Tuesday. 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 capitalization of $2.63 billion, a P/E ratio of 14.18, a P/E/G ratio of 14.86 and a beta of 1.26. The company’s 50-day simple moving average is $23.35 and its two-hundred day simple moving average is $21.54. Harley-Davidson, Inc. has a one year low of $17.09 and a one year high of $31.25.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, May 5th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.01 billion. Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.Harley-Davidson’s revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. As a group, equities analysts anticipate that Harley-Davidson, Inc. will post 0.39 EPS for the current year.

Harley-Davidson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.1875 per share. The ex-dividend date is Monday, June 8th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.0%. Harley-Davidson’s dividend payout ratio (DPR) is currently 42.61%.

Insider Buying and Selling

In other news, insider Paul J. Krause sold 1,564 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $26.00, for a total transaction of $40,664.00. Following the transaction, the insider directly owned 30,012 shares in the company, valued at approximately $780,312. This trade represents a 4.95% decrease 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jonathan R. Root sold 1,554 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $24.21, for a total transaction of $37,622.34. Following the transaction, the chief financial officer owned 32,508 shares in the company, valued at approximately $787,018.68. This represents a 4.56% 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. 0.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Citigroup increased their price target on shares of Harley-Davidson from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research raised shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Harley-Davidson in a report on Wednesday, February 11th. Wells Fargo & Company increased their price target 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, Weiss Ratings lowered shares of Harley-Davidson from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Harley-Davidson currently has an average rating of “Hold” and an average target price of $24.22.

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.