The financial activities of elected officials continue to draw public interest, and Representative Tim Moore (R-North Carolina) is no exception. A recent disclosure filed on March 11th revealed that Moore has been actively trading stocks, particularly in the auto sector, with significant transactions involving Ford Motor Company (NYSE: F) and Harley-Davidson (NYSE: HOG).
Tim Moore’s Recent Trades: A Closer Look
According to the disclosure, Moore purchased between $15,001 and $50,000 worth of Ford stock on February 6th. This was just one of several trades the congressman made in recent weeks, suggesting a bullish stance on the American auto industry.
Other notable transactions include:
- February 7th – Purchased $50,001 – $100,000 in Ford Motor shares.
- February 10th – Purchased $15,001 – $50,000 in Ford Motor shares.
- February 10th – Sold $100,001 – $250,000 in Harley-Davidson shares.
- February 12th – Purchased $50,001 – $100,000 in Harley-Davidson shares.
- February 12th – Sold $50,001 – $100,000 in Harley-Davidson shares.
- February 13th – Purchased $15,001 – $50,000 in Ford Motor shares.
- February 20th – Sold $1,001 – $15,000 in General Dynamics (NYSE: GD) shares.
- February 21st – Sold $15,001 – $50,000 in Rockwell Automation (NYSE: ROK) shares.
These trades indicate an active portfolio strategy, with a strong emphasis on the automotive industry, particularly Ford and Harley-Davidson.
Ford Motor’s Stock Performance
Ford Motor’s stock has experienced fluctuations, with shares trading at $9.73 as of the last market session. The company has a market capitalization of $38.54 billion, a P/E ratio of 6.66, and a dividend yield of 6.17%. Over the past year, Ford’s stock has seen a 12-month high of $14.85 and a low of $9.06. Despite recent analyst downgrades, Moore’s purchases suggest confidence in the company’s long-term value.
Analyst Ratings: Mixed Sentiment on Ford
Several major analysts have revised their ratings for Ford:
- Jefferies Financial Group downgraded Ford from “Hold” to “Underperform,” cutting its price target from $12.00 to $9.00.
- Barclays moved Ford from “Overweight” to “Equal Weight,” lowering its price target to $11.00.
- Wells Fargo slashed its target from $9.00 to $8.00, maintaining an “Underweight” rating.
- Evercore ISI adjusted its price objective to $10.00, keeping an “In-Line” rating.
- BNP Paribas upgraded Ford to “Hold” from a previous lower rating.
With three “Sell” ratings, eleven “Hold” ratings, and four “Buy” ratings, Ford’s consensus rating remains “Hold”, with an average price target of $11.77.
Institutional Interest in Ford
Despite mixed analyst sentiment, institutional investors continue to show confidence in Ford. Vanguard Group Inc. increased its holdings by 16.6%, now owning 402 million shares valued at nearly $4 billion. Charles Schwab Investment Management Inc. also boosted its stake, acquiring over 6.4 million shares in the last quarter.
Other key institutional investors include:
- Geode Capital Management LLC (84 million shares valued at $830 million)
- Dimensional Fund Advisors LP (46 million shares valued at $460 million)
- Norges Bank, which made a major new investment in Ford stock.
Who is Representative Tim Moore?
Timothy K. Moore, a Republican, currently represents North Carolina’s 14th Congressional District. He assumed office on January 3, 2025, following his election win in November 2024. Moore previously served as the Speaker of the North Carolina House from 2015 to 2025 and has an extensive background in law and public service.
His recent stock trades raise interesting questions about his confidence in Ford and Harley-Davidson’s future performance. With a history of legislative influence and legal expertise, Moore’s investment moves are being closely watched by both political and financial analysts.
Stay tuned for more updates on Ford’s stock performance and market trends in the auto industry.
