PDT Partners LLC Invests $6.54 Million in Harley-Davidson, Inc. $HOG

PDT Partners LLC purchased a new position in shares of Harley-Davidson, Inc. (NYSE:HOG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 267,478 shares of the company’s stock, valued at approximately $6,543,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aberdeen Wealth Management LLC purchased a new position in Harley-Davidson in the 2nd quarter valued at $29,000. Pinnacle Holdings LLC purchased a new position in Harley-Davidson during the 4th quarter worth $30,000. Fifth Third Bancorp lifted its stake in shares of Harley-Davidson by 48.9% in the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after acquiring an additional 579 shares during the period. Versant Capital Management Inc lifted its stake in shares of Harley-Davidson by 858.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,629 shares of the company’s stock worth $40,000 after acquiring an additional 1,459 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Harley-Davidson by 153.8% in the first 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 in the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HOG has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Harley-Davidson from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Loop Capital raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Monday, July 20th. Robert W. Baird boosted their target price on Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. UBS Group increased their target price on Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Wolfe Research reissued an “outperform” rating on shares of Harley-Davidson in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.78.

Harley-Davidson Stock Performance

NYSE:HOG opened at $27.55 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.70 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.87 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 17.47 and a beta of 1.27. The firm has a 50-day moving average price of $26.01 and a two-hundred day moving average price of $23.29. Harley-Davidson, Inc. has a twelve month low of $17.09 and a twelve month high of $31.25.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, research analysts expect that Harley-Davidson, Inc. will post 0.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Gayle Littleton acquired 7,500 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $26.38 per share, for a total transaction of $197,850.00. Following the acquisition, the chief accounting officer directly owned 7,500 shares in the company, valued at approximately $197,850. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel J. Nova bought 40,000 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $24.57 per share, with a total value of $982,800.00. Following the completion of the acquisition, the director owned 47,605 shares of the company’s stock, valued at $1,169,654.85. This trade represents a 525.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 57,500 shares of company stock valued at $1,439,550. 0.97% 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.