Gateway Investment Advisers LLC Buys 3,579 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Posted by on Mar 24th, 2023

Gateway Investment Advisers LLC lifted its holdings in Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,983 shares of the company’s stock after buying an additional 3,579 shares during the period. Gateway Investment Advisers LLC’s holdings in Harley-Davidson were worth $914,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. TD Capital Management LLC bought a new stake in shares of Harley-Davidson in the 3rd quarter worth about $26,000. Lazard Asset Management LLC bought a new stake in shares of Harley-Davidson in the 1st quarter worth about $31,000. Ellevest Inc. increased its holdings in shares of Harley-Davidson by 327.2% in the 3rd quarter. Ellevest Inc. now owns 1,115 shares of the company’s stock worth $39,000 after buying an additional 854 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Harley-Davidson by 1,144.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock worth $54,000 after buying an additional 1,270 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Harley-Davidson by 74.7% in the 1st quarter. Covestor Ltd now owns 1,660 shares of the company’s stock worth $65,000 after buying an additional 710 shares during the last quarter. 83.96% of the stock is currently owned by institutional investors.

Insider Transactions at Harley-Davidson

In other news, SVP Jonathan R. Root sold 2,239 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $50.17, for a total value of $112,330.63. Following the completion of the sale, the senior vice president now owns 5,474 shares of the company’s stock, valued at approximately $274,630.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

HOG has been the subject of a number of recent analyst reports. Morgan Stanley raised shares of Harley-Davidson from an “equal weight” rating to an “overweight” rating and set a $50.00 price target for the company in a research note on Tuesday. DA Davidson lifted their price target on shares of Harley-Davidson from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, February 6th. StockNews.com cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Jefferies Financial Group raised shares of Harley-Davidson from an “underperform” rating to a “hold” rating and set a $39.00 price target for the company in a research note on Wednesday, March 15th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.38.

Harley-Davidson Price Performance

Harley-Davidson stock opened at $36.30 on Friday. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 7.30, a price-to-earnings-growth ratio of 1.30 and a beta of 1.39. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.34 and a quick ratio of 1.08. Harley-Davidson, Inc. has a 1 year low of $29.80 and a 1 year high of $51.77. The firm has a 50-day moving average of $45.23 and a two-hundred day moving average of $43.07.

Harley-Davidson (NYSE:HOG – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.21. Harley-Davidson had a net margin of 13.35% and a return on equity of 27.23%. The company had revenue of $918.70 million during the quarter, compared to analysts’ expectations of $910.04 million. During the same period in the previous year, the company earned $0.15 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. On average, research analysts forecast that Harley-Davidson, Inc. will post 4.73 earnings per share for the current year.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 20th. Stockholders of record on Friday, March 3rd were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, March 2nd. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.16. Harley-Davidson’s dividend payout ratio is presently 13.28%.

Harley-Davidson Profile

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Harley-Davidson, Inc is engaged in the manufacture and sale of custom, cruiser, and touring motorcycles. It operates through the following segments: Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services.

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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