Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 6.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 13,997 shares of the company’s stock after selling 1,015 shares during the period. Federated Hermes Inc.’s holdings in Harley-Davidson were worth $469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HOG. Vanguard Group Inc. lifted its holdings in shares of Harley-Davidson by 3.5% in the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock valued at $587,372,000 after purchasing an additional 452,536 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in Harley-Davidson by 42.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 80,010 shares of the company’s stock valued at $3,500,000 after buying an additional 23,958 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new position in Harley-Davidson during the fourth quarter worth $1,133,000. LSV Asset Management increased its position in Harley-Davidson by 17.3% during the second quarter. LSV Asset Management now owns 5,705,775 shares of the company’s stock worth $191,372,000 after buying an additional 842,407 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Harley-Davidson in the fourth quarter worth $1,696,000. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HOG has been the subject of a number of recent research reports. UBS Group lifted their price objective on Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Robert W. Baird lifted their price target on shares of Harley-Davidson from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Citigroup upped their price objective on shares of Harley-Davidson from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

Harley-Davidson Price Performance

HOG opened at $38.69 on Tuesday. Harley-Davidson, Inc. has a 1 year low of $25.43 and a 1 year high of $44.16. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.50. The company’s 50 day simple moving average is $36.72 and its 200 day simple moving average is $36.78. The stock has a market capitalization of $5.20 billion, a PE ratio of 8.60, a P/E/G ratio of 1.28 and a beta of 1.44.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.23. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $1.22 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts expect that Harley-Davidson, Inc. will post 4.32 EPS for the current year.

Harley-Davidson announced that its board has initiated a stock repurchase program on Thursday, July 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 19.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, September 16th. Harley-Davidson’s payout ratio is currently 15.33%.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.