Harley-Davidson (NYSE:HOG) Stock: Insider Jonathan Root Sells 1,559 Shares

by · The Markets Daily

Harley-Davidson, Inc. (NYSE:HOG – Get Free Report) CFO Jonathan Root sold 1,559 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $24.43, for a total transaction of $38,086.37. Following the completion of the sale, the chief financial officer owned 24,733 shares of the company’s stock, valued at approximately $604,227.19. This represents a 5.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Harley-Davidson Stock Up 6.5%

Harley-Davidson stock traded up $1.59 during midday trading on Monday, hitting $26.14. 3,703,125 shares of the stock were exchanged, compared to its average volume of 2,916,016. Harley-Davidson, Inc. has a 52-week low of $17.09 and a 52-week high of $28.86. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 8.07 and a beta of 1.30. The business’s 50-day moving average price is $26.56 and its 200-day moving average price is $24.73. 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 – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.75 EPS for the quarter, beating 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 firm 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. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, research analysts expect that Harley-Davidson, Inc. will post 0.56 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were given a dividend of $0.1875 per share. 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 Tuesday, September 15th. Harley-Davidson’s dividend payout ratio (DPR) is presently 46.01%.

Hedge Funds Weigh In On Harley-Davidson

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Harley-Davidson in the second quarter worth $249,395,000. Donald Smith & CO. Inc. bought a new position in shares of Harley-Davidson during the 2nd quarter worth $226,966,000. Bank of America Corp DE bought a new position in shares of Harley-Davidson during the 2nd quarter worth $45,065,000. Bank of New York Mellon Corp increased its holdings in Harley-Davidson by 8.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock worth $42,675,000 after acquiring an additional 163,762 shares during the last quarter. Finally, Aegis Financial Corp bought a new stake in Harley-Davidson in the 1st quarter valued at about $27,681,000. 85.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on HOG shares. Loop Capital upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Monday, July 20th. UBS Group lifted 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, September 2nd. Weiss Ratings raised shares of Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Morgan Stanley increased their price target on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Finally, Wolfe Research restated an “outperform” rating on shares of Harley-Davidson in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.20.

Check Out Our Latest Stock Report on Harley-Davidson

Harley-Davidson Company Profile

(Get Free Report)

Harley-Davidson, Inc is a motorcycle manufacturer headquartered in Milwaukee, Wisconsin. Founded in 1903, the company designs, manufactures and sells heavyweight motorcycles known for their cruiser, touring and adventure-touring models, as well as related parts, accessories, apparel and merchandise.

The company markets its products under the Harley-Davidson brand through a network of independent dealers and company-operated retail locations. Its offerings serve customers in the United States and international markets across Europe, Asia-Pacific, Canada and other regions.

Harley-Davidson also provides motorcycle financing and insurance-related services through Harley-Davidson Financial Services.

See Also