Weik Investment Services Inc. Has $1.324 Million Stake in Harley-Davidson Inc (HOG)

Weik Investment Services Inc. decreased its position in shares of Harley-Davidson Inc (NYSE:HOG) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,890 shares of the company’s stock after selling 650 shares during the period. Weik Investment Services Inc.’s holdings in Harley-Davidson were worth $1,324,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HOG. Todd Asset Management LLC increased its position in Harley-Davidson by 7.2% in the third quarter. Todd Asset Management LLC now owns 286,060 shares of the company’s stock worth $15,044,000 after buying an additional 19,206 shares during the period. Check Capital Management Inc. CA increased its position in Harley-Davidson by 8.6% in the third quarter. Check Capital Management Inc. CA now owns 193,901 shares of the company’s stock worth $10,197,000 after buying an additional 15,404 shares during the period. KLCM Advisors Inc. purchased a new position in Harley-Davidson during the third quarter worth about $210,000. Principal Financial Group Inc. increased its position in Harley-Davidson by 0.5% in the third quarter. Principal Financial Group Inc. now owns 279,963 shares of the company’s stock worth $14,723,000 after buying an additional 1,375 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Harley-Davidson by 63.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,254 shares of the company’s stock worth $1,959,000 after buying an additional 14,403 shares during the period. Institutional investors own 89.54% of the company’s stock.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

Shares of Harley-Davidson Inc (NYSE:HOG) traded up 0.89% during trading on Friday, hitting $52.32. The stock had a trading volume of 1,409,997 shares. Harley-Davidson Inc has a 52-week low of $41.63 and a 52-week high of $63.40. The firm’s 50-day moving average is $56.37 and its 200 day moving average is $58.35. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 14.92 and a beta of 0.88.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 18th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, analysts expect that Harley-Davidson Inc will post $3.76 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be issued a $0.365 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $1.46 annualized dividend and a dividend yield of 2.82%. Harley-Davidson’s dividend payout ratio is presently 38.22%.

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HOG has been the subject of a number of research reports. Citigroup Inc decreased their price objective on Harley-Davidson from $73.00 to $68.00 and set a “buy” rating for the company in a report on Monday, March 6th. Argus reiterated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 3rd. Royal Bank of Canada increased their price objective on Harley-Davidson from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 5th. Deutsche Bank AG reiterated a “hold” rating and issued a $50.00 price objective (down previously from $52.00) on shares of Harley-Davidson in a report on Thursday, April 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $63.00 price objective (up previously from $58.00) on shares of Harley-Davidson in a report on Friday, April 14th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $56.12.

About Harley-Davidson

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

12 Month Chart for NYSE:HOG

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