Romano Brothers AND Company Takes $146,000 Position in Harley-Davidson, Inc. (NYSE:HOG)

Posted by Defense World Staff on Mar 26th, 2023

Romano Brothers AND Company purchased a new stake in Harley-Davidson, Inc. (NYSE:HOG – Get Rating) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 3,505 shares of the company’s stock, valued at approximately $146,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Harley-Davidson by 1.5% in the 1st quarter. BlackRock Inc. now owns 12,727,257 shares of the company’s stock valued at $501,454,000 after acquiring an additional 194,089 shares during the last quarter. Boston Partners increased its holdings in Harley-Davidson by 2.9% in the 3rd quarter. Boston Partners now owns 10,591,592 shares of the company’s stock valued at $373,001,000 after acquiring an additional 296,422 shares during the last quarter. LSV Asset Management increased its holdings in Harley-Davidson by 1.1% in the 3rd quarter. LSV Asset Management now owns 4,974,077 shares of the company’s stock valued at $173,496,000 after acquiring an additional 54,609 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in Harley-Davidson by 7.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 4,855,744 shares of the company’s stock valued at $169,368,000 after acquiring an additional 320,390 shares during the last quarter. Finally, State Street Corp increased its holdings in Harley-Davidson by 5.6% in the 1st quarter. State Street Corp now owns 4,111,284 shares of the company’s stock valued at $161,985,000 after acquiring an additional 216,545 shares during the last quarter. 83.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, SVP Jonathan R. Root sold 2,239 shares of the business’s stock in a transaction dated 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 directly owns 5,474 shares of the company’s stock, valued at approximately $274,630.58. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Harley-Davidson Price Performance

HOG stock opened at $35.77 on Friday. Harley-Davidson, Inc. has a 12 month low of $29.80 and a 12 month high of $51.77. The company has a current ratio of 1.34, a quick ratio of 1.08 and a debt-to-equity ratio of 1.53. The company has a 50-day moving average price of $44.85 and a 200 day moving average price of $43.00. The stock has a market cap of $5.23 billion, a PE ratio of 7.20, a P/E/G ratio of 1.33 and a beta of 1.39.

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. The company had revenue of $918.70 million during the quarter, compared to analysts’ expectations of $910.04 million. Harley-Davidson had a net margin of 13.35% and a return on equity of 27.23%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. Equities research analysts anticipate that Harley-Davidson, Inc. will post 4.65 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 20th. Shareholders of record on Friday, March 3rd were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.85%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, March 2nd. Harley-Davidson’s payout ratio is 13.28%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley raised shares of Harley-Davidson from an “equal weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a research note on Tuesday, March 21st. DA Davidson lifted their price objective 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. Finally, Jefferies Financial Group raised shares of Harley-Davidson from an “underperform” rating to a “hold” rating and set a $39.00 price objective for the company in a research note on Wednesday, March 15th. Five 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.com, Harley-Davidson has a consensus rating of “Moderate Buy” and an average price target of $49.38.

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.