Federated Hermes Inc. Reduces Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Federated Hermes Inc. lessened its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,997 shares of the company’s stock after selling 1,015 shares during the quarter. Federated Hermes Inc.’s holdings in Harley-Davidson were worth $469,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HOG. Quadrant Capital Group LLC lifted its position in Harley-Davidson by 95.0% in the fourth quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock valued at $29,000 after acquiring an additional 384 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Harley-Davidson in the 4th quarter valued at about $38,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Harley-Davidson in the 1st quarter valued at about $39,000. Neo Ivy Capital Management acquired a new stake in shares of Harley-Davidson in the 4th quarter valued at about $50,000. Finally, American National Bank purchased a new position in Harley-Davidson during the 1st quarter worth approximately $52,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of HOG opened at $38.69 on Tuesday. Harley-Davidson, Inc. has a 1 year low of $25.43 and a 1 year high of $44.16. The stock has a market capitalization of $5.20 billion, a P/E ratio of 8.60, a P/E/G ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.50. The company’s fifty day moving average is $36.72 and its two-hundred day moving average is $36.78.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.23. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company posted $1.22 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, sell-side analysts predict that Harley-Davidson, Inc. will post 4.32 earnings per share for the current year.

Harley-Davidson declared that its board has initiated a stock buyback program on Thursday, July 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy up to 19.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be paid a $0.1725 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.78%. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.33%.

Wall Street Analysts Forecast Growth

HOG has been the subject of a number of research reports. Citigroup boosted their price objective on Harley-Davidson from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Robert W. Baird increased their price target on shares of Harley-Davidson from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, UBS Group lifted their price objective on shares of Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

Harley-Davidson Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.