Kiltearn Partners LLP Has $16.48 Million Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Kiltearn Partners LLP decreased its position in shares of Harley-Davidson, Inc. (NYSE:HOG) by 22.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 491,213 shares of the company’s stock after selling 142,000 shares during the quarter. Harley-Davidson comprises approximately 2.0% of Kiltearn Partners LLP’s investment portfolio, making the stock its 21st biggest holding. Kiltearn Partners LLP owned about 0.37% of Harley-Davidson worth $16,475,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HOG. GAMMA Investing LLC boosted its position in shares of Harley-Davidson by 19.0% during the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after purchasing an additional 320 shares in the last quarter. Fifth Third Bancorp raised its stake in Harley-Davidson by 19.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after buying an additional 322 shares during the period. Toronto Dominion Bank lifted its holdings in Harley-Davidson by 0.7% during the first quarter. Toronto Dominion Bank now owns 51,975 shares of the company’s stock worth $2,273,000 after acquiring an additional 345 shares in the last quarter. US Bancorp DE grew its stake in Harley-Davidson by 2.2% in the fourth quarter. US Bancorp DE now owns 16,023 shares of the company’s stock valued at $590,000 after acquiring an additional 346 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of Harley-Davidson by 95.0% in the fourth quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock worth $29,000 after acquiring an additional 384 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Stock Performance

Shares of HOG opened at $38.69 on Tuesday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 1.28 and a beta of 1.44. Harley-Davidson, Inc. has a 12 month low of $25.43 and a 12 month high of $44.16. The firm has a fifty day simple moving average of $36.72 and a 200 day simple moving average of $36.78. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44.

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. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.29 billion. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 EPS. Research analysts forecast that Harley-Davidson, Inc. will post 4.32 EPS for the current fiscal year.

Harley-Davidson declared that its board has authorized a stock repurchase plan on Thursday, July 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 19.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Monday, September 16th. Harley-Davidson’s dividend payout ratio (DPR) is 15.33%.

Analyst Ratings Changes

Several research firms have recently weighed in on HOG. Citigroup lifted their price objective on Harley-Davidson from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. UBS Group raised their target price on shares of Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Finally, Robert W. Baird upped their price target on shares of Harley-Davidson from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.00.

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.