Harley-Davidson, Inc. Announces Quarterly Dividend of $0.19 (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOG) announced a quarterly dividend on Thursday, September 3rd. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.1875 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 15th.

Harley-Davidson has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Harley-Davidson has a dividend payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Harley-Davidson to earn $1.67 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 44.9%.

Harley-Davidson Price Performance

NYSE:HOG opened at $27.60 on Friday. The company has a 50-day moving average of $26.33 and a 200-day moving average of $23.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.70 and a current ratio of 1.90. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 9.14 and a beta of 1.29. Harley-Davidson has a 52 week low of $17.09 and a 52 week high of $31.25.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The firm had revenue of $1.23 billion for 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 was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 earnings per share. As a group, equities research analysts anticipate that Harley-Davidson will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at Harley-Davidson

In other news, CFO Jonathan R. Root sold 1,554 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $27.46, for a total transaction of $42,672.84. Following the completion of the transaction, the chief financial officer directly owned 26,292 shares in the company, valued at $721,978.32. This trade represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Daniel J. Nova bought 40,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of $24.57 per share, with a total value of $982,800.00. Following the purchase, the director directly owned 47,605 shares of the company’s stock, valued at $1,169,654.85. The trade was a 525.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 57,500 shares of company stock worth $1,439,550 and sold 4,662 shares worth $119,316. Corporate insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On Harley-Davidson

Institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Harley-Davidson by 62.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,436 shares of the company’s stock worth $2,183,000 after purchasing an additional 33,097 shares during the period. Empowered Funds LLC boosted its stake in Harley-Davidson by 18.3% in the first quarter. Empowered Funds LLC now owns 17,560 shares of the company’s stock valued at $443,000 after acquiring an additional 2,712 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Harley-Davidson by 153.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after acquiring an additional 1,278 shares during the period. Federated Hermes Inc. grew its stake in Harley-Davidson by 32.8% in the 2nd quarter. Federated Hermes Inc. now owns 16,076 shares of the company’s stock valued at $379,000 after buying an additional 3,967 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Harley-Davidson by 12.0% during the 2nd quarter. California Public Employees Retirement System now owns 204,156 shares of the company’s stock valued at $4,818,000 after buying an additional 21,913 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

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.