Odyssean LLC Invests $516,000 in Harley-Davidson, Inc. $HOG

Odyssean LLC acquired a new stake in Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,114 shares of the company’s stock, valued at approximately $516,000.

Other institutional investors have also added to or reduced their stakes in the company. Triumph Capital Management boosted its holdings in shares of Harley-Davidson by 4.7% in the 3rd quarter. Triumph Capital Management now owns 10,171 shares of the company’s stock valued at $284,000 after purchasing an additional 454 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Harley-Davidson by 1.8% in the 1st quarter. State of Michigan Retirement System now owns 28,461 shares of the company’s stock valued at $575,000 after purchasing an additional 500 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Harley-Davidson by 48.9% during the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock worth $36,000 after buying an additional 579 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Harley-Davidson by 2.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,251 shares of the company’s stock worth $490,000 after buying an additional 600 shares in the last quarter. Finally, Dark Forest Capital Management LP lifted its position in shares of Harley-Davidson by 3.4% during the 3rd quarter. Dark Forest Capital Management LP now owns 26,445 shares of the company’s stock worth $738,000 after buying an additional 872 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on HOG. Weiss Ratings upgraded Harley-Davidson from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. DA Davidson increased their target price on shares of Harley-Davidson from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Morgan Stanley raised their price target on shares of Harley-Davidson from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. Griffin Securities set a $33.00 price target on shares of Harley-Davidson in a report on Monday, August 17th. Finally, Robert W. Baird upped their price objective on shares of Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Harley-Davidson presently has an average rating of “Hold” and an average target price of $26.78.

Harley-Davidson Trading Up 1.3%

NYSE HOG opened at $27.85 on Thursday. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 16.98 and a beta of 1.27. Harley-Davidson, Inc. has a twelve month low of $17.09 and a twelve month high of $31.25. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average is $26.06 and its 200 day moving average is $23.34.

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

Insider Transactions at Harley-Davidson

In other news, Director Daniel J. Nova acquired 40,000 shares of the stock in a transaction dated 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 purchase, the director directly owned 47,605 shares of the company’s stock, valued at $1,169,654.85. This represents a 525.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Artie Starrs acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of $25.89 per share, with a total value of $258,900.00. Following the acquisition, the chief executive officer owned 25,000 shares in the company, valued at $647,250. The trade was a 66.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 57,500 shares of company stock valued at $1,439,550. 0.97% of the stock is currently owned by company insiders.

Harley-Davidson Profile

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.