Robert Bishop’s Value Fund is Up 10% in 2022: Top 5 Stock Picks

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

Impala Asset Management’s Stake Value: $107,786,000

Percentage of Impala Asset Management’s 13F Portfolio: 9.29%

Number of Hedge Fund Holders: 29

Harley-Davidson, Inc. (NYSE:HOG) was founded in 1903 and is based in Milwaukee, Wisconsin. The company manufactures and sells Harley-Davidson motorcycles and related accessories. Harley-Davidson, Inc. (NYSE:HOG) is the largest holding in Robert Bishop’s Q1 portfolio, with 2.73 million shares worth $107.7 million, representing 9.29% of the total 13F securities. 

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

Harley-Davidson, Inc. (NYSE:HOG) posted earnings for Q1 on April 27, announcing an EPS of $1.45, missing estimates by $0.02. The revenue of $1.30 billion also fell short of analysts’ estimates by $23.10 million. 

William Blair analyst Ryan Sundby on May 20 kept a Market Perform rating on the stock after the company decided to halt motorcycle vehicle assembly and shipments for two weeks. He expects the assembly shutdown to notably impact Q2 sales and profits and slashed his sales estimate by $215 million to $1.185 billion, and earnings per share estimate by 38c to $1.04.

According to Insider Monkey’s first quarter database, Harley-Davidson, Inc. (NYSE:HOG) was found in 29 hedge fund portfolios, compared to 32 funds in the last quarter. Rehan Jaffer’s H Partners Management is a leading shareholder of the company as of Q1 2022, with 12.60 million shares worth $496.4 million. 

You can also take a look at 10 Most Popular Green Energy Stocks Among Elite Hedge Funds and 10 Favorite Stocks of Billionaire Izzy Englander.

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