Praxis Investment Management Inc. Buys New Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Praxis Investment Management Inc. bought a new stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,510 shares of the company's stock, valued at approximately $291,000.

Other hedge funds have also modified their holdings of the company. Donald Smith & CO. Inc. purchased a new stake in shares of Harley-Davidson in the fourth quarter valued at about $50,368,000. Brickwood Asset Management LLP purchased a new stake in shares of Harley-Davidson in the fourth quarter valued at about $27,783,000. Raymond James Financial Inc. purchased a new position in Harley-Davidson during the fourth quarter worth about $18,802,000. American Century Companies Inc. increased its position in shares of Harley-Davidson by 14.2% during the fourth quarter. American Century Companies Inc. now owns 3,496,579 shares of the company's stock valued at $105,352,000 after acquiring an additional 435,200 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Harley-Davidson during the fourth quarter valued at about $11,010,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HOG shares. Citigroup lifted their price target on shares of Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Robert W. Baird lifted their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, DA Davidson reiterated a "buy" rating and set a $31.00 price target on shares of Harley-Davidson in a research report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Harley-Davidson presently has a consensus rating of "Hold" and a consensus price target of $30.00.

Harley-Davidson Stock Up 0.7%

Shares of NYSE HOG traded up $0.16 during midday trading on Monday, hitting $23.54. The company's stock had a trading volume of 1,623,367 shares, compared to its average volume of 2,304,874. The business's fifty day simple moving average is $23.88 and its two-hundred day simple moving average is $26.10. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.56 and a quick ratio of 1.36. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.80 by $0.27. Harley-Davidson had a net margin of 7.82% and a return on equity of 10.72%. The business had revenue of $315.24 million during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $1.72 earnings per share. The business's revenue for the quarter was down 23.2% compared to the same quarter last year. On average, equities analysts predict that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.72 annualized dividend and a yield of 3.06%. Harley-Davidson's dividend payout ratio (DPR) is 26.87%.

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.