Commerce Bank Has $518,000 Stake in Harley-Davidson, Inc. (NYSE:HOG)

Posted by Defense World Staff on Aug 9th, 2023

Commerce Bank boosted its position in Harley-Davidson, Inc. (NYSE:HOG – Free Report) by 5.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,654 shares of the company’s stock after buying an additional 653 shares during the period. Commerce Bank’s holdings in Harley-Davidson were worth $518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Treasurer of the State of North Carolina lifted its holdings in Harley-Davidson by 2.7% in the first quarter. Treasurer of the State of North Carolina now owns 67,676 shares of the company’s stock valued at $2,570,000 after buying an additional 1,768 shares during the period. Jump Financial LLC acquired a new position in shares of Harley-Davidson during the first quarter valued at about $1,917,000. New Mexico Educational Retirement Board raised its holdings in shares of Harley-Davidson by 16.4% during the first quarter. New Mexico Educational Retirement Board now owns 24,100 shares of the company’s stock valued at $915,000 after purchasing an additional 3,400 shares during the period. Texas Permanent School Fund Corp raised its holdings in shares of Harley-Davidson by 33.0% during the first quarter. Texas Permanent School Fund Corp now owns 120,423 shares of the company’s stock valued at $4,572,000 after purchasing an additional 29,866 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Harley-Davidson during the first quarter valued at about $34,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HOG shares. StockNews.com lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Monday, June 12th. Bank of America dropped their price objective on shares of Harley-Davidson from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, April 13th. KeyCorp started coverage on shares of Harley-Davidson in a research report on Wednesday, April 19th. They set a “sector weight” rating for the company. DA Davidson raised shares of Harley-Davidson from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $47.00 in a research report on Friday, July 21st. Finally, UBS Group decreased their target price on shares of Harley-Davidson from $49.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, July 13th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Harley-Davidson has an average rating of “Hold” and a consensus target price of $45.29.

View Our Latest Stock Report on Harley-Davidson

Harley-Davidson Trading Down 0.2 %

Shares of HOG stock opened at $35.52 on Wednesday. Harley-Davidson, Inc. has a 52-week low of $30.85 and a 52-week high of $51.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.69 and a current ratio of 2.03. The company has a 50-day simple moving average of $35.29 and a two-hundred day simple moving average of $38.53. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 1.52 and a beta of 1.38.

Harley-Davidson (NYSE:HOG – Get Free Report) last released its earnings results on Thursday, July 27th. The company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.18). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Harley-Davidson had a net margin of 13.03% and a return on equity of 26.10%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Research analysts anticipate that Harley-Davidson, Inc. will post 4.65 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Shareholders of record on Monday, June 5th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Friday, June 2nd. Harley-Davidson’s payout ratio is 12.41%.

Insider Buying and Selling at Harley-Davidson

In related news, Director Rafeh Masood bought 1,302 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were purchased at an average cost of $38.40 per share, for a total transaction of $49,996.80. Following the completion of the purchase, the director now directly owns 2,637 shares in the company, valued at $101,260.80. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.69% of the company’s stock.

Harley-Davidson Company Profile

(Free Report)

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, and dual models, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.