Kiltearn Partners LLP Has $27.58 Million Stock Position in Harley-Davidson, Inc. (NYSE:HOG)

Kiltearn Partners LLP reduced its stake in Harley-Davidson, Inc. (NYSE:HOG) by 15.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 633,213 shares of the company’s stock after selling 119,800 shares during the period. Harley-Davidson accounts for 2.5% of Kiltearn Partners LLP’s holdings, making the stock its 17th biggest holding. Kiltearn Partners LLP owned 0.47% of Harley-Davidson worth $27,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Harley-Davidson during the 4th quarter valued at $51,860,000. Dimensional Fund Advisors LP boosted its position in shares of Harley-Davidson by 15.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,241,888 shares of the company’s stock worth $193,115,000 after purchasing an additional 689,363 shares during the period. Boston Partners lifted its holdings in shares of Harley-Davidson by 10.1% in the fourth quarter. Boston Partners now owns 7,206,167 shares of the company’s stock worth $265,398,000 after buying an additional 659,654 shares in the last quarter. Vanguard Group Inc. raised its stake in Harley-Davidson by 3.5% during the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock valued at $587,372,000 after purchasing an additional 452,536 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Harley-Davidson by 134.7% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 474,150 shares of the company’s stock valued at $17,468,000 after acquiring an additional 272,120 shares during the last quarter. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Stock Performance

Harley-Davidson stock traded up $0.44 during mid-day trading on Friday, hitting $36.83. 4,303,039 shares of the company’s stock traded hands, compared to its average volume of 1,666,971. Harley-Davidson, Inc. has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.50 and a quick ratio of 1.32. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 1.38 and a beta of 1.46. The firm has a 50 day simple moving average of $34.22 and a two-hundred day simple moving average of $36.38.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.23. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts expect that Harley-Davidson, Inc. will post 4.33 EPS for the current fiscal year.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Wednesday, June 5th were given a $0.1725 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.69 dividend on an annualized basis and a yield of 1.87%. Harley-Davidson’s payout ratio is 15.33%.

Analysts Set New Price Targets

Several equities analysts recently commented on HOG shares. Robert W. Baird increased their price objective on shares of Harley-Davidson from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday. DA Davidson lifted their price target on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley initiated coverage on shares of Harley-Davidson in a report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 target price on the stock. BMO Capital Markets reduced their price target on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, Citigroup dropped their price objective on shares of Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, June 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.14.

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.