VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in Harley-Davidson, Inc. $HOG

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, HoldingsChannel.com reports. The firm purchased 117,700 shares of the company’s stock, valued at approximately $2,879,000.

Several other large investors have also recently added to or reduced their stakes in HOG. California State Teachers Retirement System increased its holdings in shares of Harley-Davidson by 2,455.2% during the second quarter. California State Teachers Retirement System now owns 3,162,213 shares of the company’s stock worth $77,348,000 after buying an additional 3,038,456 shares in the last quarter. Syon Capital LLC boosted its holdings in shares of Harley-Davidson by 4.2% in the 2nd quarter. Syon Capital LLC now owns 16,333 shares of the company’s stock worth $400,000 after acquiring an additional 657 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in Harley-Davidson during the 2nd quarter worth approximately $245,000. Nykredit A S bought a new stake in Harley-Davidson during the 2nd quarter worth approximately $88,000. Finally, Two Sigma Securities LLC acquired a new stake in Harley-Davidson during the 2nd quarter valued at $492,000. 85.10% of the stock is owned by institutional investors.

Harley-Davidson Stock Performance

HOG stock opened at $26.93 on Friday. The company has a 50 day moving average price of $26.61 and a 200 day moving average price of $23.90. Harley-Davidson, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $31.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.70. The stock has a market capitalization of $2.80 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 8.76 and a beta of 1.29.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. Analysts forecast that Harley-Davidson, Inc. will post 0.56 EPS for the current year.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Harley-Davidson’s dividend payout ratio is 46.01%.

Analysts Set New Price Targets

HOG has been the subject of several research analyst reports. Citigroup lifted their price objective on Harley-Davidson from $27.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings upgraded Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Morgan Stanley lifted their price target on Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. DA Davidson upped their price target on shares of Harley-Davidson from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Finally, Loop Capital raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.44.

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 stock was purchased at an average cost of $26.38 per share, for a total transaction of $197,850.00. Following the completion of the transaction, the chief accounting officer directly owned 7,500 shares in the company, valued at $197,850. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jonathan Root sold 1,554 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $27.46, for a total value of $42,672.84. Following the sale, the chief financial officer directly owned 26,292 shares of the company’s stock, valued at $721,978.32. This represents a 5.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have acquired 57,500 shares of company stock worth $1,439,550 and have sold 4,662 shares worth $119,316. Insiders own 0.97% of the company’s stock.

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.