Donald Smith & CO. Inc. Buys Shares of 1,671,679 Harley-Davidson, Inc. (NYSE:HOG)

Donald Smith & CO. Inc. acquired a new position in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,671,679 shares of the company's stock, valued at approximately $50,368,000. Donald Smith & CO. Inc. owned about 1.31% of Harley-Davidson as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in shares of Harley-Davidson by 172.0% during the fourth quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after acquiring an additional 554 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Harley-Davidson during the 4th quarter valued at $42,000. Global Retirement Partners LLC grew its holdings in shares of Harley-Davidson by 84.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock valued at $56,000 after purchasing an additional 846 shares during the last quarter. National Bank of Canada FI raised its position in Harley-Davidson by 201.8% in the 4th quarter. National Bank of Canada FI now owns 1,889 shares of the company's stock worth $57,000 after purchasing an additional 1,263 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Harley-Davidson in the fourth quarter worth $65,000. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. DA Davidson reduced their price objective on Harley-Davidson from $39.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Bank of America reduced their price target on Harley-Davidson from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Citigroup lowered their price objective on Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Robert W. Baird cut their target price on shares of Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday. Finally, UBS Group decreased their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Harley-Davidson currently has an average rating of "Hold" and an average price target of $32.00.

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Insiders Place Their Bets

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $25.96, for a total transaction of $88,264.00. Following the completion of the transaction, the insider now owns 23,555 shares of the company's stock, valued at approximately $611,487.80. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.87% of the company's stock.

Harley-Davidson Trading Down 3.6 %

HOG stock traded down $0.82 on Tuesday, reaching $21.96. The company's stock had a trading volume of 1,233,804 shares, compared to its average volume of 2,437,934. The firm has a market cap of $2.74 billion, a PE ratio of 6.59, a PEG ratio of 0.38 and a beta of 1.28. The business has a fifty day simple moving average of $25.75 and a two-hundred day simple moving average of $30.24. Harley-Davidson, Inc. has a 12-month low of $21.15 and a 12-month high of $43.18. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.19 and a current ratio of 1.40.

Harley-Davidson (NYSE:HOG - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a return on equity of 13.64% and a net margin of 9.25%. During the same quarter in the previous year, the firm earned $0.18 earnings per share. As a group, research analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current year.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.28%. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. Harley-Davidson's payout ratio is presently 21.62%.

About Harley-Davidson

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.