Allspring Global Investments Holdings LLC Purchases 5,531 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Allspring Global Investments Holdings LLC increased its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 289.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,442 shares of the company’s stock after purchasing an additional 5,531 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Harley-Davidson were worth $287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Raymond James & Associates lifted its holdings in shares of Harley-Davidson by 5.0% in the third quarter. Raymond James & Associates now owns 647,000 shares of the company’s stock worth $24,929,000 after acquiring an additional 30,725 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Harley-Davidson by 23.5% in the third quarter. Blue Trust Inc. now owns 3,659 shares of the company’s stock worth $141,000 after acquiring an additional 697 shares during the last quarter. Twelve Points Wealth Management LLC lifted its holdings in shares of Harley-Davidson by 18.6% in the third quarter. Twelve Points Wealth Management LLC now owns 41,472 shares of the company’s stock worth $1,598,000 after acquiring an additional 6,512 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Harley-Davidson by 2.1% in the third quarter. Wedge Capital Management L L P NC now owns 58,257 shares of the company’s stock worth $2,245,000 after acquiring an additional 1,178 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Harley-Davidson by 24.6% in the third quarter. GAMMA Investing LLC now owns 2,502 shares of the company’s stock worth $96,000 after acquiring an additional 494 shares during the last quarter. Institutional investors own 85.10% of the company’s stock.

Insiders Place Their Bets

In other Harley-Davidson news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.25, for a total transaction of $137,965.50. Following the transaction, the director now directly owns 17,687 shares in the company, valued at approximately $570,405.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.87% of the company’s stock.

Harley-Davidson Stock Performance

NYSE:HOG opened at $31.87 on Friday. The company has a market capitalization of $4.19 billion, a PE ratio of 7.18, a P/E/G ratio of 0.41 and a beta of 1.46. The company has a 50 day simple moving average of $36.08 and a two-hundred day simple moving average of $35.49. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.25 and a current ratio of 1.41. Harley-Davidson, Inc. has a fifty-two week low of $26.35 and a fifty-two week high of $44.16.

Harley-Davidson declared that its Board of Directors has initiated a share repurchase program on Thursday, July 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 19.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s payout ratio is 15.54%.

Analyst Upgrades and Downgrades

HOG has been the subject of several recent research reports. UBS Group upped their price objective on Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Robert W. Baird downgraded Harley-Davidson from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Citigroup lowered their price objective on Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Bank of America lowered their price objective on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, Baird R W downgraded Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.29.

Harley-Davidson Company 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.