Harley-Davidson, Inc. $HOG Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its position in Harley-Davidson, Inc. (NYSE:HOG) by 30.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,432 shares of the company’s stock after selling 630 shares during the period. Fifth Third Bancorp’s holdings in Harley-Davidson were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. increased its holdings in Harley-Davidson by 104.0% in the first quarter. Donald Smith & CO. Inc. now owns 3,409,696 shares of the company’s stock valued at $86,095,000 after buying an additional 1,738,017 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Harley-Davidson in the 1st quarter valued at about $33,884,000. Nuveen LLC acquired a new position in Harley-Davidson in the 1st quarter worth about $9,564,000. Jones Financial Companies Lllp boosted its position in Harley-Davidson by 9,485.0% during the first quarter. Jones Financial Companies Lllp now owns 302,503 shares of the company’s stock worth $7,638,000 after purchasing an additional 299,347 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Harley-Davidson by 7.7% in the first quarter. American Century Companies Inc. now owns 3,766,421 shares of the company’s stock valued at $95,102,000 after purchasing an additional 269,842 shares during the period. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Stock Performance

HOG opened at $28.21 on Friday. Harley-Davidson, Inc. has a twelve month low of $20.45 and a twelve month high of $36.94. The firm has a market capitalization of $3.43 billion, a PE ratio of 14.62, a PEG ratio of 0.40 and a beta of 1.27. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32. The firm’s 50-day moving average price is $27.73 and its 200 day moving average price is $25.31.

Harley-Davidson (NYSE:HOG) last released its earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.11). The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Harley-Davidson had a return on equity of 7.43% and a net margin of 5.76%.The company’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period last year, the business earned $1.63 earnings per share. As a group, sell-side analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, September 10th. Harley-Davidson’s dividend payout ratio is presently 37.31%.

Insider Activity

In related news, Director Rafeh Masood purchased 2,068 shares of Harley-Davidson stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the acquisition, the director directly owned 4,705 shares in the company, valued at approximately $113,202.30. The trade was a 78.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.93% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HOG has been the subject of several research analyst reports. DA Davidson upped their target price on Harley-Davidson from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, August 25th. UBS Group cut their price target on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. Citigroup upped their price objective on shares of Harley-Davidson from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. Zacks Research upgraded shares of Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Griffin Securities set a $34.00 target price on shares of Harley-Davidson in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.86.

About Harley-Davidson

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.