Lecap Asset Management Ltd. Invests $596,000 in Harley-Davidson, Inc. (NYSE:HOG)

Lecap Asset Management Ltd. bought a new position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,605 shares of the company's stock, valued at approximately $596,000.

A number of other institutional investors have also recently made changes to their positions in HOG. Versant Capital Management Inc increased its holdings in Harley-Davidson by 3,514.8% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company's stock worth $25,000 after buying an additional 949 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Harley-Davidson by 172.0% in the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after acquiring an additional 554 shares during the period. CX Institutional purchased a new position in shares of Harley-Davidson during the first quarter valued at approximately $28,000. UMB Bank n.a. lifted its position in Harley-Davidson by 153.6% during the first quarter. UMB Bank n.a. now owns 1,306 shares of the company's stock valued at $33,000 after purchasing an additional 791 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Harley-Davidson by 237.9% in the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock worth $39,000 after purchasing an additional 916 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company's stock.

Harley-Davidson Stock Performance

NYSE:HOG traded down $0.01 during mid-day trading on Monday, hitting $23.61. 1,162,484 shares of the company traded hands, compared to its average volume of 1,942,777. The company has a quick ratio of 1.36, a current ratio of 1.56 and a debt-to-equity ratio of 1.56. The stock's fifty day moving average price is $24.04 and its 200-day moving average price is $25.70. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings data 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. Harley-Davidson had a return on equity of 10.72% and a net margin of 7.82%. The company had revenue of $315.24 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the company posted $1.72 EPS. The firm's revenue was down 23.2% on a year-over-year basis. Research analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.05%. Harley-Davidson's dividend payout ratio (DPR) is presently 26.87%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HOG. Robert W. Baird boosted their target price on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Citigroup upped their price objective on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Finally, DA Davidson reissued a "buy" rating and issued a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Harley-Davidson currently has a consensus rating of "Hold" and a consensus price target of $30.00.

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.