Principal Financial Group Inc. Has $6.67 Million Position in Harley-Davidson, Inc. (NYSE:HOG)

Principal Financial Group Inc. increased its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 264,185 shares of the company’s stock after purchasing an additional 1,178 shares during the period. Principal Financial Group Inc. owned approximately 0.21% of Harley-Davidson worth $6,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HOG. Versant Capital Management Inc grew its position in shares of Harley-Davidson by 3,514.8% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company’s stock valued at $25,000 after buying an additional 949 shares during the last quarter. CX Institutional bought a new stake in shares of Harley-Davidson during the 1st quarter valued at about $28,000. UMB Bank n.a. grew its stake in Harley-Davidson by 153.6% during the first quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock worth $33,000 after purchasing an additional 791 shares during the period. Bessemer Group Inc. grew its stake in Harley-Davidson by 237.9% during 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 period. Finally, IMG Wealth Management Inc. acquired a new stake in Harley-Davidson during the first quarter worth approximately $48,000. 85.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HOG has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Citigroup boosted their target price on Harley-Davidson from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. DA Davidson reiterated a “buy” rating and issued a $31.00 price objective on shares of Harley-Davidson in a report on Wednesday, April 9th. Finally, UBS Group cut their price objective on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $29.83.

Harley-Davidson Price Performance

HOG opened at $24.00 on Wednesday. The firm has a market cap of $2.92 billion, a P/E ratio of 8.95, a PEG ratio of 0.49 and a beta of 1.30. The firm has a 50-day moving average of $24.40 and a 200 day moving average of $25.28. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 1.56. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $39.93.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, topping 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 firm had revenue of $315.24 million for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm posted $1.72 earnings per share. The business’s revenue was down 23.2% compared to the same quarter last year. On average, research analysts expect that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.18 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.00%. Harley-Davidson’s payout ratio is 26.87%.

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.