MJP Associates Inc. ADV Takes $305,000 Position in Harley-Davidson, Inc. (NYSE:HOG)

MJP Associates Inc. ADV acquired a new position in Harley-Davidson, Inc. (NYSE:HOG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 10,112 shares of the company’s stock, valued at approximately $305,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. acquired a new stake in Harley-Davidson in the fourth quarter worth about $50,368,000. Proficio Capital Partners LLC acquired a new stake in Harley-Davidson in the fourth quarter worth about $1,341,000. Hussman Strategic Advisors Inc. acquired a new stake in Harley-Davidson in the fourth quarter worth about $1,898,000. Norges Bank acquired a new stake in Harley-Davidson in the fourth quarter worth about $11,010,000. Finally, Bank of New York Mellon Corp increased its position in Harley-Davidson by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,470,130 shares of the company’s stock worth $44,295,000 after purchasing an additional 157,939 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the transaction, the insider now owns 23,555 shares in the company, valued at $611,487.80. The trade was a 12.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.93% of the stock is currently owned by company insiders.

Harley-Davidson Price Performance

Shares of HOG opened at $24.87 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The stock has a market cap of $3.02 billion, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 0.38 and a beta of 1.30. The stock’s 50-day moving average price is $23.87 and its two-hundred day moving average price is $27.82.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Thursday, May 1st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.27. Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. The firm had revenue of $315.24 million for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the business earned $1.72 earnings per share. The company’s revenue was down 23.2% compared to the same quarter last year. On average, equities analysts predict that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Friday, February 28th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. Harley-Davidson’s payout ratio is 26.87%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HOG. UBS Group lowered their price objective on Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Robert W. Baird lowered their price objective on Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, April 4th. Citigroup lowered their price objective on Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Bank of America reduced their target price on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, DA Davidson restated a “buy” rating and set a $31.00 target price on shares of Harley-Davidson in a 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $29.83.

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.