Donald Smith & CO. Inc. Purchases 1,738,017 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Key Points

• Donald Smith & CO. Inc. increased its stake in Harley-Davidson by 104.0%, owning a total of 3,409,696 shares valued at approximately $86 million.
• Harley-Davidson's latest earnings report revealed $0.88 EPS, missing estimates by $0.11, with a revenue drop of 19.3% year-over-year.
• The company declared a quarterly dividend of $0.18 per share, representing a 3.0% dividend yield and a payout ratio of 37.31%.

Donald Smith & CO. Inc. raised its holdings in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 104.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,409,696 shares of the company's stock after buying an additional 1,738,017 shares during the period. Harley-Davidson comprises about 2.1% of Donald Smith & CO. Inc.'s holdings, making the stock its 20th largest position. Donald Smith & CO. Inc. owned 2.81% of Harley-Davidson worth $86,095,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HOG. Dimensional Fund Advisors LP increased its position in Harley-Davidson by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company's stock valued at $205,940,000 after acquiring an additional 332,928 shares during the period. Brown Advisory Inc. lifted its stake in Harley-Davidson by 4.8% in the 4th quarter. Brown Advisory Inc. now owns 1,568,751 shares of the company's stock valued at $47,266,000 after buying an additional 71,495 shares in the last quarter. Brickwood Asset Management LLP lifted its stake in Harley-Davidson by 24.2% in the 1st quarter. Brickwood Asset Management LLP now owns 1,145,259 shares of the company's stock valued at $28,918,000 after buying an additional 223,146 shares in the last quarter. Northern Trust Corp lifted its stake in Harley-Davidson by 20.1% in the 4th quarter. Northern Trust Corp now owns 1,063,222 shares of the company's stock valued at $32,035,000 after buying an additional 177,748 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Harley-Davidson by 7.2% in the 1st quarter. Invesco Ltd. now owns 757,747 shares of the company's stock valued at $19,133,000 after buying an additional 50,717 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company's stock.

Harley-Davidson Stock Performance

HOG traded up $1.86 on Wednesday, hitting $27.45. 3,064,091 shares of the company's stock were exchanged, compared to its average volume of 2,248,371. The firm has a market cap of $3.34 billion, a PE ratio of 14.22, a P/E/G ratio of 0.40 and a beta of 1.29. Harley-Davidson, Inc. has a twelve month low of $20.45 and a twelve month high of $39.93. The stock has a fifty day moving average of $24.29 and a two-hundred day moving average of $24.60. The company has a current ratio of 1.37, a quick ratio of 1.20 and a debt-to-equity ratio of 1.32.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.11). Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $1.63 EPS. Harley-Davidson's revenue for the quarter was down 19.3% compared to the same quarter last year. On average, research analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Rafeh Masood bought 2,068 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was bought at an average price of $24.06 per share, with a total value of $49,756.08. Following the purchase, the director directly owned 4,705 shares of the company's stock, valued at approximately $113,202.30. This represents a 78.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.93% of the company's stock.

Wall Street Analyst Weigh In

HOG has been the subject of a number of research analyst reports. UBS Group dropped 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. Citigroup increased their price target on Harley-Davidson from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Finally, Robert W. Baird upped their price objective on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Harley-Davidson has a consensus rating of "Hold" and an average price target 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.