Cwm LLC Has $799,000 Position in Harley-Davidson, Inc. (NYSE:HOG)

Posted by Defense World Staff on Apr 22nd, 2023

Cwm LLC cut its position in Harley-Davidson, Inc. (NYSE:HOG – Get Rating) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,196 shares of the company’s stock after selling 1,663 shares during the quarter. Cwm LLC’s holdings in Harley-Davidson were worth $799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Prelude Capital Management LLC lifted its position in shares of Harley-Davidson by 3.4% during the 3rd quarter. Prelude Capital Management LLC now owns 8,624 shares of the company’s stock valued at $301,000 after acquiring an additional 282 shares during the period. Pacific Global Investment Management Co. raised its holdings in Harley-Davidson by 2.0% during the third quarter. Pacific Global Investment Management Co. now owns 14,937 shares of the company’s stock worth $521,000 after buying an additional 297 shares during the last quarter. State of Michigan Retirement System raised its holdings in Harley-Davidson by 0.9% during the fourth quarter. State of Michigan Retirement System now owns 33,861 shares of the company’s stock worth $1,409,000 after buying an additional 300 shares during the last quarter. Fifth Third Bancorp raised its holdings in Harley-Davidson by 5.5% during the fourth quarter. Fifth Third Bancorp now owns 6,423 shares of the company’s stock worth $267,000 after buying an additional 334 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Harley-Davidson by 19.0% during the third quarter. Allworth Financial LP now owns 2,567 shares of the company’s stock worth $90,000 after buying an additional 410 shares during the last quarter. 83.96% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Price Performance

HOG opened at $37.60 on Friday. The firm has a market cap of $5.43 billion, a P/E ratio of 7.57, a PEG ratio of 1.37 and a beta of 1.35. The firm has a 50-day moving average of $41.14 and a 200 day moving average of $42.74. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.08 and a current ratio of 1.34. Harley-Davidson, Inc. has a fifty-two week low of $29.80 and a fifty-two week high of $51.77.

Harley-Davidson (NYSE:HOG – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.28 earnings per share 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 analyst estimates of $910.04 million. Harley-Davidson had a net margin of 13.35% and a return on equity of 27.23%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. On average, research analysts expect that Harley-Davidson, Inc. will post 4.65 EPS for the current year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 20th. Investors of record on Friday, March 3rd were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $0.66 annualized dividend and a yield of 1.76%. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.16. Harley-Davidson’s dividend payout ratio is presently 13.28%.

Wall Street Analysts Forecast Growth

HOG has been the topic of several research reports. KeyCorp initiated coverage on shares of Harley-Davidson in a report on Wednesday. They set a “sector weight” rating on the stock. Citigroup lowered their price objective on shares of Harley-Davidson from $52.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, April 14th. Morgan Stanley upgraded shares of Harley-Davidson from an “equal weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a report on Tuesday, March 21st. Jefferies Financial Group upgraded shares of Harley-Davidson from an “underperform” rating to a “hold” rating and set a $39.00 price objective on the stock in a report on Wednesday, March 15th. Finally, Robert W. Baird lowered their target price on shares of Harley-Davidson from $56.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, March 29th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Harley-Davidson currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

Insider Activity at Harley-Davidson

In related news, SVP Jonathan R. Root sold 2,239 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $50.17, for a total transaction of $112,330.63. Following the completion of the transaction, the senior vice president now owns 5,474 shares in the company, valued at $274,630.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

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.