MJP Associates Inc. ADV Makes New $305,000 Investment in Harley-Davidson, Inc. (NYSE:HOG)

MJP Associates Inc. ADV bought a new position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 10,112 shares of the company's stock, valued at approximately $305,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lazard Asset Management LLC lifted its stake in shares of Harley-Davidson by 25.4% in the 4th quarter. Lazard Asset Management LLC now owns 52,914 shares of the company's stock valued at $1,594,000 after purchasing an additional 10,732 shares during the period. J. Goldman & Co LP purchased a new position in Harley-Davidson during the fourth quarter valued at $791,000. Deutsche Bank AG raised its stake in Harley-Davidson by 7.8% during the fourth quarter. Deutsche Bank AG now owns 11,486 shares of the company's stock valued at $346,000 after buying an additional 831 shares during the last quarter. CoreCap Advisors LLC raised its stake in Harley-Davidson by 22.5% during the fourth quarter. CoreCap Advisors LLC now owns 17,896 shares of the company's stock valued at $539,000 after buying an additional 3,289 shares during the last quarter. Finally, Crestline Management LP raised its stake in shares of Harley-Davidson by 212.8% in the fourth quarter. Crestline Management LP now owns 56,934 shares of the company's stock worth $1,715,000 after purchasing an additional 38,732 shares during the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.

Harley-Davidson Trading Up 1.3%

HOG traded up $0.31 during trading on Friday, hitting $24.71. 1,391,134 shares of the stock were exchanged, compared to its average volume of 1,898,139. The firm has a 50 day simple moving average of $23.79 and a 200 day simple moving average of $27.72. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 0.38 and a beta of 1.30. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.27. The business had revenue of $315.24 million for the quarter, compared to the consensus estimate of $1.12 billion. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The business's revenue was down 23.2% compared to the same quarter last year. During the same period last year, the business posted $1.72 EPS. As a group, equities analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.91%. Harley-Davidson's payout ratio is 26.87%.

Analysts Set New Price Targets

HOG has been the subject of several recent analyst reports. UBS Group decreased their price target on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Citigroup decreased their price target on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Robert W. Baird upped their price objective on Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday. Bank of America reduced their price objective on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Finally, Morgan Stanley reduced their price objective on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Harley-Davidson presently has a consensus rating of "Hold" and a consensus target price of $30.17.

About Harley-Davidson

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.