Bank of New York Mellon Corp Increases Stake in Harley-Davidson, Inc. $HOG

Bank of New York Mellon Corp increased its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 8.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,110,552 shares of the company’s stock after purchasing an additional 163,762 shares during the period. Bank of New York Mellon Corp’s holdings in Harley-Davidson were worth $42,675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. lifted its stake in Harley-Davidson by 30.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock worth $182,345,000 after purchasing an additional 2,095,477 shares during the last quarter. Norges Bank bought a new stake in shares of Harley-Davidson during the fourth quarter worth $25,766,000. SG Americas Securities LLC boosted its stake in shares of Harley-Davidson by 1,277.0% during the fourth quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company’s stock valued at $22,418,000 after purchasing an additional 1,014,660 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of Harley-Davidson during the third quarter valued at $21,761,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Harley-Davidson by 155.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 959,517 shares of the company’s stock worth $19,661,000 after purchasing an additional 584,593 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, CFO Jonathan R. Root sold 1,554 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $24.44, for a total value of $37,979.76. Following the completion of the transaction, the chief financial officer directly owned 29,400 shares of the company’s stock, valued at approximately $718,536. The trade was a 5.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $26.00, for a total value of $40,664.00. Following the completion of the sale, the insider owned 30,012 shares in the company, valued at approximately $780,312. This represents a 4.95% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 4,672 shares of company stock valued at $116,266. 0.97% of the stock is owned by company insiders.

Harley-Davidson Trading Down 4.0%

Shares of Harley-Davidson stock opened at $25.45 on Friday. The stock has a market cap of $2.68 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 17.83 and a beta of 1.26. The firm has a fifty day moving average price of $25.15 and a 200 day moving average price of $22.36. Harley-Davidson, Inc. has a 1 year low of $17.09 and a 1 year 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 1.66.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.10. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. Equities research analysts predict that Harley-Davidson, Inc. will post 0.39 earnings per share for the current year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 8th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, June 8th. Harley-Davidson’s dividend payout ratio (DPR) is currently 42.61%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HOG. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. DA Davidson lifted their price target on shares of Harley-Davidson from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Griffin Securities set a $30.00 price target on Harley-Davidson in a report on Monday, July 6th. Finally, Wells Fargo & Company increased their price objective on Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.89.

Harley-Davidson News Roundup

Here are the key news stories impacting Harley-Davidson this week:

• Positive Sentiment: Harley-Davidson beat Q2 estimates with EPS of $0.75 versus $0.65 expected, and revenue of $1.23 billion versus $1.17 billion forecast, helped by stronger motorcycle demand in its core HDMC business. Harley-Davidson Delivers Second Quarter Financial Results and Raises Full-Year Guidance
• Positive Sentiment: The company raised its full-year sales guidance, signaling management sees momentum in its turnaround and stronger North American sales ahead. Harley-Davidson Raises Outlook on Strong North American Sales
• Positive Sentiment: Several outlets highlighted Harley-Davidson as a value stock and noted that analysts remain constructive overall, including Baird lifting its price target to $30 while keeping a neutral rating. Harley-Davidson Emerges On Value Stock Screens
• Neutral Sentiment: Harley-Davidson’s financing segment, HDFS, saw revenue plunge, which offsets some of the enthusiasm around the core motorcycle business and adds a mixed note to the quarter. Harley-Davidson Q2 Earnings Beat Estimates on HDMC Growth
• Neutral Sentiment: LiveWire continued to narrow losses, but it remains a small drag rather than a major driver for the stock right now. Harley-Davidson Q2 Earnings Beat Estimates on HDMC Growth
• Negative Sentiment: Motorcycle deliveries fell short of expectations, and revenue declined 5.9% year over year, reminding investors that demand is still uneven despite the earnings beat. Harley-Davidson Q2 bike sales fall short of expectations
• Negative Sentiment: Higher raw material costs and lower quarterly profit underscore margin pressure, which may limit how quickly the turnaround translates into stronger earnings. Harley-Davidson posts lower quarterly results as raw material costs rise

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.