Crossmark Global Holdings Inc. Sells 38,310 Shares of Harley-Davidson, Inc. $HOG

Crossmark Global Holdings Inc. trimmed its holdings in Harley-Davidson, Inc. (NYSE:HOG) by 31.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,349 shares of the company’s stock after selling 38,310 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Harley-Davidson were worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Harley-Davidson by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company’s stock valued at $361,544,000 after purchasing an additional 886,998 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Harley-Davidson by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 6,597,336 shares of the company’s stock valued at $184,072,000 after buying an additional 28,828 shares during the last quarter. Donald Smith & CO. Inc. raised its position in shares of Harley-Davidson by 61.8% during the second quarter. Donald Smith & CO. Inc. now owns 5,517,795 shares of the company’s stock valued at $130,220,000 after buying an additional 2,108,099 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Harley-Davidson by 1.6% in the third quarter. American Century Companies Inc. now owns 3,946,754 shares of the company’s stock valued at $110,114,000 after buying an additional 62,647 shares during the period. Finally, State Street Corp lifted its stake in shares of Harley-Davidson by 1.7% in the second quarter. State Street Corp now owns 3,757,709 shares of the company’s stock valued at $88,682,000 after buying an additional 64,118 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Price Performance

NYSE:HOG opened at $19.22 on Friday. Harley-Davidson, Inc. has a 12 month low of $17.11 and a 12 month high of $31.25. The company’s 50-day moving average price is $20.13 and its two-hundred day moving average price is $24.05. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2.15 billion, a PE ratio of 7.36 and a beta of 1.42.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, February 10th. The company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($1.52). Harley-Davidson had a return on equity of 10.27% and a net margin of 8.03%.The business had revenue of $496.16 million for the quarter, compared to the consensus estimate of $482.21 million. During the same quarter last year, the company earned ($0.93) earnings per share. The firm’s revenue was down 9.8% on a year-over-year basis. On average, equities analysts anticipate that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Monday, March 2nd will be given a dividend of $0.1875 per share. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, March 2nd. This represents a $0.75 annualized dividend and a yield of 3.9%. Harley-Davidson’s dividend payout ratio is currently 28.74%.

Analyst Upgrades and Downgrades

Several research firms have commented on HOG. Loop Capital initiated coverage on Harley-Davidson in a report on Tuesday, November 25th. They issued a “hold” rating and a $21.00 price target for the company. Argus upgraded shares of Harley-Davidson to a “strong-buy” rating in a research note on Tuesday, February 17th. DA Davidson reduced their price objective on shares of Harley-Davidson from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, February 12th. BMO Capital Markets reiterated an “outperform” rating and set a $24.00 target price on shares of Harley-Davidson in a research report on Wednesday, February 11th. Finally, Robert W. Baird set a $22.00 target price on shares of Harley-Davidson in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.50.

Insider Activity

In related news, Director Rafeh Masood acquired 2,775 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were purchased at an average price of $18.00 per share, with a total value of $49,950.00. Following the acquisition, the director directly owned 7,480 shares in the company, valued at $134,640. The trade was a 58.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director James D. Farley, Jr. sold 6,454 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $18.71, for a total transaction of $120,754.34. Following the completion of the sale, the director owned 16,205 shares of the company’s stock, valued at $303,195.55. The trade was a 28.48% decrease in their position. The SEC filing for this sale provides additional information. 0.93% of the stock is owned by corporate insiders.

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.