Forum Financial Management LP raised its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 21.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,016 shares of the company's stock after acquiring an additional 9,559 shares during the quarter. Forum Financial Management LP's holdings in Honda Motor were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Asset Planning Inc acquired a new position in shares of Honda Motor during the 4th quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Honda Motor in the fourth quarter worth $26,000. R Squared Ltd purchased a new stake in shares of Honda Motor in the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Honda Motor during the third quarter valued at $36,000. Finally, Manchester Capital Management LLC purchased a new stake in Honda Motor during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 5.32% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Sanford C. Bernstein started coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating on the stock.
Check Out Our Latest Stock Report on Honda Motor
Honda Motor Trading Up 1.4 %
Honda Motor stock traded up $0.41 during trading on Thursday, hitting $30.09. The company's stock had a trading volume of 403,115 shares, compared to its average volume of 1,239,746. The stock's fifty day moving average is $28.20 and its 200 day moving average is $28.16. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $34.99. The stock has a market capitalization of $46.96 billion, a price-to-earnings ratio of 7.00 and a beta of 0.57.
Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The business had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. As a group, equities research analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.
About Honda Motor
(
Free Report)
Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.
Read More
Before you consider Honda Motor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Honda Motor wasn't on the list.
While Honda Motor currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
