Kiltearn Partners LLP Cuts Holdings in Harley-Davidson, Inc. $HOG

Kiltearn Partners LLP cut its stake in shares of Harley-Davidson, Inc. (NYSE:HOG) by 6.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 247,820 shares of the company’s stock after selling 18,000 shares during the quarter. Harley-Davidson makes up approximately 1.2% of Kiltearn Partners LLP’s portfolio, making the stock its 27th biggest position. Kiltearn Partners LLP owned 0.20% of Harley-Davidson worth $5,849,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its position in shares of Harley-Davidson by 209.7% during the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock worth $27,000 after purchasing an additional 713 shares during the last quarter. UMB Bank n.a. boosted its holdings in Harley-Davidson by 68.3% in the second quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock valued at $52,000 after purchasing an additional 892 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after purchasing an additional 1,278 shares in the last quarter. State of Wyoming purchased a new stake in shares of Harley-Davidson during the 1st quarter worth approximately $54,000. Finally, Hilltop National Bank acquired a new position in shares of Harley-Davidson in the 2nd quarter valued at $65,000. Institutional investors and hedge funds own 85.10% of the company’s stock.

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $24.42 on Thursday. The company’s fifty day moving average is $26.48 and its two-hundred day moving average is $25.98. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.20 and a current ratio of 1.37. The firm has a market capitalization of $2.89 billion, a P/E ratio of 12.65, a PEG ratio of 0.40 and a beta of 1.39. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $34.37.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, November 4th. The company reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $1.72. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.01 billion. Analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Harley-Davidson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Tuesday, December 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, December 9th. Harley-Davidson’s dividend payout ratio (DPR) is presently 17.48%.

Analysts Set New Price Targets

A number of analysts recently issued reports on HOG shares. DA Davidson decreased their target price on Harley-Davidson from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Loop Capital initiated coverage on shares of Harley-Davidson in a research report on Tuesday. They issued a “hold” rating and a $21.00 price target for the company. UBS Group dropped their price objective on shares of Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, November 13th. Finally, Griffin Securities set a $34.00 price target on Harley-Davidson in a research report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.88.

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.