Donald Smith & CO. Inc. Buys 2,108,099 Shares of Harley-Davidson, Inc. $HOG

Donald Smith & CO. Inc. raised its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 61.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,517,795 shares of the company’s stock after purchasing an additional 2,108,099 shares during the quarter. Harley-Davidson comprises about 3.1% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 12th biggest holding. Donald Smith & CO. Inc.’s holdings in Harley-Davidson were worth $130,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock valued at $53,000 after purchasing an additional 1,278 shares during the period. State of Wyoming purchased a new stake in shares of Harley-Davidson in the first quarter worth approximately $54,000. UMB Bank n.a. lifted its stake in shares of Harley-Davidson by 68.3% during the 2nd quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock worth $52,000 after acquiring an additional 892 shares during the last quarter. Hilltop National Bank bought a new stake in shares of Harley-Davidson during the second quarter worth $65,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Harley-Davidson by 37.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,900 shares of the company’s stock valued at $68,000 after buying an additional 790 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Morgan Stanley lowered their target price on shares of Harley-Davidson from $25.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, November 19th. DA Davidson dropped their price target on Harley-Davidson from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Finally, UBS Group reduced their price objective on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Harley-Davidson has an average rating of “Hold” and a consensus target price of $27.88.

Harley-Davidson Trading Down 1.6%

Shares of HOG stock opened at $23.35 on Friday. The firm has a market capitalization of $2.76 billion, a P/E ratio of 5.67, a PEG ratio of 0.31 and a beta of 1.33. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $34.09. The stock’s fifty day moving average is $25.83 and its two-hundred day moving average is $25.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.36 and a current ratio of 2.51.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, November 4th. The company reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $1.72. Harley-Davidson had a return on equity of 15.19% and a net margin of 11.37%.The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.01 billion. Research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Tuesday, December 9th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.72 dividend on an annualized basis and a yield of 3.1%. Harley-Davidson’s payout ratio is presently 17.48%.

Harley-Davidson 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.