Donald Smith & CO. Inc. Acquires Shares of 9,279,072 Harley-Davidson, Inc. $HOG

Donald Smith & CO. Inc. bought a new position in shares of Harley-Davidson, Inc. (NYSE:HOG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,279,072 shares of the company’s stock, valued at approximately $226,966,000. Harley-Davidson comprises approximately 4.0% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 4th biggest position. Donald Smith & CO. Inc. owned approximately 8.92% of Harley-Davidson at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HOG. Triumph Capital Management lifted its stake in shares of Harley-Davidson by 4.7% in the third quarter. Triumph Capital Management now owns 10,171 shares of the company’s stock worth $284,000 after buying an additional 454 shares in the last quarter. State of Michigan Retirement System grew its stake in Harley-Davidson by 1.8% during the 1st quarter. State of Michigan Retirement System now owns 28,461 shares of the company’s stock valued at $575,000 after acquiring an additional 500 shares in the last quarter. Fifth Third Bancorp grew its stake in Harley-Davidson by 48.9% during the 4th quarter. Fifth Third Bancorp now owns 1,764 shares of the company’s stock valued at $36,000 after acquiring an additional 579 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Harley-Davidson by 2.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,251 shares of the company’s stock valued at $490,000 after acquiring an additional 600 shares during the last quarter. Finally, Dark Forest Capital Management LP raised its holdings in Harley-Davidson by 3.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 26,445 shares of the company’s stock valued at $738,000 after acquiring an additional 872 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Robert W. Baird boosted their target price on Harley-Davidson from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Wolfe Research reiterated an “outperform” rating on shares of Harley-Davidson in a research report on Monday, June 15th. Griffin Securities set a $33.00 price objective on Harley-Davidson in a research note on Monday. Finally, DA Davidson upped their target price on Harley-Davidson from $30.00 to $33.00 and gave the company a “buy” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.78.

Harley-Davidson Stock Performance

Shares of Harley-Davidson stock opened at $28.22 on Friday. Harley-Davidson, Inc. has a 52 week low of $17.09 and a 52 week high of $31.25. The business’s fifty day simple moving average is $25.93 and its 200-day simple moving average is $23.16. The firm has a market cap of $2.94 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 17.06 and a beta of 1.27. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 0.36.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Harley-Davidson had a return on equity of 6.28% and a net margin of 4.78%.The company’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. Equities analysts forecast that Harley-Davidson, Inc. will post 0.56 earnings per share for the current year.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, CFO Jonathan R. Root sold 1,554 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $24.88, for a total transaction of $38,663.52. Following the completion of the transaction, the chief financial officer owned 27,846 shares of the company’s stock, valued at $692,808.48. This trade represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Gayle Littleton purchased 7,500 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $26.38 per share, with a total value of $197,850.00. Following the completion of the transaction, the chief accounting officer owned 7,500 shares of the company’s stock, valued at approximately $197,850. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 57,500 shares of company stock worth $1,439,550. 0.97% of the stock is owned by corporate insiders.

Harley-Davidson Profile

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.