5 Best Value Stocks to Buy According to Robert Bishop’s Impala Asset Management

1. Harley-Davidson, Inc. (NYSE:HOG)

Number of Hedge Fund Holders: 29

P/E Ratio as of May 25: 8.48

Harley-Davidson, Inc. (NYSE:HOG) is an American manufacturer of motorcycles and related merchandise and accessories. Harley-Davidson, Inc. (NYSE:HOG) is the largest holding in Robert Bishop’s Impala Asset Management portfolio. The hedge fund owns 2.7 million shares of the company as of Q1 2022, worth $107.7 million, representing 9.29% of the total securities. 

Harley-Davidson, Inc. (NYSE:HOG) declared on May 13 a $0.1575 per share quarterly dividend, in line with previous. The dividend is payable on June 17, to shareholders of the company as of June 2. 

On May 24, BofA analyst Robert Ohmes maintained his Buy rating and a $70 price target on Harley-Davidson, Inc. (NYSE:HOG) but slashed his Q2 shipments estimate by approximately 9,000 units to account for the recent two-week factory shutdown. The analyst added that Harley-Davidson, Inc. (NYSE:HOG) should be able to offset the lost production in the second half of the year.

Among the hedge funds tracked by Insider Monkey, 29 funds were long Harley-Davidson, Inc. (NYSE:HOG) at the end of March 2022, compared to 32 funds in the prior quarter. Rehan Jaffer’s H Partners Management is the largest shareholder of the company, with 12.60 million shares worth $496.4 million. 

You can also take a look at 10 Tech Stocks to Buy Now According to Robert Pitts’ Steadfast Capital and Top 10 Small-Cap Stocks Added to Billionaire Mario Gabelli’s Portfolio. 

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