Robinson Value Management Ltd. Makes New $3.21 Million Investment in Harley-Davidson, Inc. $HOG

Robinson Value Management Ltd. bought a new position in Harley-Davidson, Inc. (NYSE:HOG) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 158,986 shares of the company’s stock, valued at approximately $3,215,000. Harley-Davidson comprises about 1.8% of Robinson Value Management Ltd.’s portfolio, making the stock its 20th largest position.

A number of other large investors also recently modified their holdings of the stock. Donald Smith & CO. Inc. increased its holdings in shares of Harley-Davidson by 30.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 8,899,204 shares of the company’s stock valued at $182,345,000 after purchasing an additional 2,095,477 shares in the last quarter. Boston Partners lifted its holdings in Harley-Davidson by 2.1% during the 3rd quarter. Boston Partners now owns 4,021,078 shares of the company’s stock worth $112,179,000 after buying an additional 84,516 shares in the last quarter. State Street Corp lifted its holdings in Harley-Davidson by 1.7% during the 2nd quarter. State Street Corp now owns 3,757,709 shares of the company’s stock worth $88,682,000 after buying an additional 64,118 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Harley-Davidson by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,946,790 shares of the company’s stock valued at $39,890,000 after buying an additional 69,231 shares during the last quarter. Finally, Norges Bank bought a new position in Harley-Davidson in the 4th quarter valued at $25,766,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HOG. Citigroup boosted their target price on Harley-Davidson from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Sunday. Griffin Securities set a $30.00 target price on shares of Harley-Davidson in a research report on Monday, July 6th. Weiss Ratings raised shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. UBS Group boosted their price target on shares of Harley-Davidson from $19.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, DA Davidson increased their price objective on shares of Harley-Davidson from $25.00 to $30.00 and gave the company a “buy” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.44.

Insider Activity at Harley-Davidson

In other Harley-Davidson news, CFO Jonathan R. Root sold 1,554 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $24.44, for a total value of $37,979.76. Following the completion of the sale, the chief financial officer owned 29,400 shares of the company’s stock, valued at approximately $718,536. This represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul J. Krause sold 1,564 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $26.00, for a total transaction of $40,664.00. Following the completion of the sale, the insider owned 30,012 shares in the company, valued at approximately $780,312. This trade represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,672 shares of company stock worth $116,266 in the last three months. 0.97% of the stock is owned by insiders.

Harley-Davidson Stock Up 3.7%

Shares of Harley-Davidson stock opened at $26.02 on Thursday. The business has a fifty day simple moving average of $24.89 and a 200 day simple moving average of $22.05. The stock has a market cap of $2.74 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 14.95 and a beta of 1.26. The company has a quick ratio of 1.66, a current ratio of 1.91 and a debt-to-equity ratio of 0.37. Harley-Davidson, Inc. has a 12 month low of $17.09 and a 12 month high of $31.25.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.01 billion. Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.Harley-Davidson’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the business posted $1.07 EPS. Research analysts predict that Harley-Davidson, Inc. will post 0.4 EPS for the current year.

Harley-Davidson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 8th were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.75 annualized dividend and a yield of 2.9%. Harley-Davidson’s dividend payout ratio (DPR) is presently 42.61%.

Harley-Davidson Company 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.