UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $9.13 Million Stock Position in Harley-Davidson, Inc. $HOG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 8.2% during the second quarter, HoldingsChannel reports. The fund owned 373,395 shares of the company’s stock after selling 33,467 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Harley-Davidson were worth $9,133,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Harley-Davidson by 62.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company’s stock worth $2,183,000 after purchasing an additional 33,097 shares during the last quarter. Empowered Funds LLC grew its holdings in Harley-Davidson by 18.3% during the first quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock worth $443,000 after buying an additional 2,712 shares in the last quarter. Geneos Wealth Management Inc. raised its position in 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 buying an additional 1,278 shares during the last quarter. Federated Hermes Inc. lifted its stake in Harley-Davidson by 32.8% during the 2nd quarter. Federated Hermes Inc. now owns 16,076 shares of the company’s stock valued at $379,000 after acquiring an additional 3,967 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Harley-Davidson by 12.0% during the 2nd quarter. California Public Employees Retirement System now owns 204,156 shares of the company’s stock worth $4,818,000 after acquiring an additional 21,913 shares during the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. DA Davidson increased their target price on shares of Harley-Davidson from $30.00 to $33.00 and gave the company a “buy” rating in a report on Monday, August 17th. Griffin Securities set a $33.00 price target on shares of Harley-Davidson in a report on Monday, August 17th. Citigroup increased their price objective on shares of Harley-Davidson from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Sunday, July 12th. Weiss Ratings raised shares of Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, UBS Group boosted their target price on Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.00.

Harley-Davidson Stock Down 0.0%

HOG opened at $28.29 on Monday. Harley-Davidson, Inc. has a twelve month low of $17.09 and a twelve month high of $31.25. The company’s 50-day moving average price is $26.39 and its two-hundred day moving average price is $23.71. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 9.30 and a beta of 1.29. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.10. Harley-Davidson had a net margin of 4.78% and a return on equity of 6.28%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business posted $0.88 EPS. Harley-Davidson’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, equities analysts expect that Harley-Davidson, Inc. will post 0.56 earnings per share for the current year.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Harley-Davidson’s dividend payout ratio (DPR) is currently 46.01%.

Insider Transactions at Harley-Davidson

In other news, CAO Gayle Littleton acquired 7,500 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $26.38 per share, for a total transaction of $197,850.00. Following the purchase, the chief accounting officer owned 7,500 shares of the company’s stock, valued at approximately $197,850. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Artie Starrs acquired 10,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of $25.89 per share, for a total transaction of $258,900.00. Following the completion of the acquisition, the chief executive officer owned 25,000 shares of the company’s stock, valued at approximately $647,250. The trade was a 66.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 57,500 shares of company stock valued at $1,439,550 and have sold 4,662 shares valued at $119,316. 0.97% of the stock is currently owned by company 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.