Harley-Davidson, Inc. (HOG) To Go Ex-Dividend on June 8th

Harley-Davidson, Inc. (NYSE:HOG) declared a quarterly dividend on Thursday, May 21st. Investors of record on Monday, June 8th will be paid a dividend of 0.1875 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, June 8th.

Harley-Davidson has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 5 years. Harley-Davidson has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Harley-Davidson to earn $1.61 per share next year, which means the company should continue to be able to cover its $0.75 annual dividend with an expected future payout ratio of 46.6%.

Harley-Davidson Stock Up 0.7%

Shares of Harley-Davidson stock opened at $24.51 on Friday. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 14.78 and a beta of 1.26. The company’s 50 day moving average is $23.24 and its 200 day moving average is $21.55. Harley-Davidson has a twelve month low of $17.09 and a twelve month high of $31.25. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.01 billion. Harley-Davidson had a net margin of 5.68% and a return on equity of 7.03%. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the company earned $1.07 EPS. Research analysts anticipate that Harley-Davidson will post 0.39 EPS for the current year.

Insider Buying and Selling at Harley-Davidson

In other news, CFO Jonathan R. Root sold 1,554 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $24.21, for a total transaction of $37,622.34. Following the sale, the chief financial officer directly owned 32,508 shares in the company, valued at $787,018.68. This trade represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $26.00, for a total transaction of $40,664.00. Following the sale, the insider owned 30,012 shares in the company, valued at $780,312. The trade was a 4.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.97% of the stock is owned by company insiders.

Institutional Trading of Harley-Davidson

Several institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Harley-Davidson by 139.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 944 shares of the company’s stock valued at $26,000 after acquiring an additional 549 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in Harley-Davidson in the 4th quarter valued at $30,000. Fifth Third Bancorp increased its holdings in Harley-Davidson by 48.9% in the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock valued at $36,000 after acquiring an additional 579 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Harley-Davidson by 153.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after acquiring an additional 1,278 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Harley-Davidson by 1,758.9% in the 1st quarter. Bessemer Group Inc. now owns 2,937 shares of the company’s stock valued at $59,000 after acquiring an additional 2,779 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors.

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.