O Shaughnessy Asset Management LLC raised its stake in shares of Honda Motor (NYSE:HMC) by 39.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,585 shares of the company’s stock after buying an additional 2,982 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Honda Motor were worth $368,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in Honda Motor by 0.6% during the 4th quarter. American Century Companies Inc. now owns 5,369,577 shares of the company’s stock valued at $182,995,000 after buying an additional 33,956 shares in the last quarter. Aperio Group LLC grew its holdings in Honda Motor by 24.0% during the 1st quarter. Aperio Group LLC now owns 1,305,667 shares of the company’s stock valued at $45,346,000 after buying an additional 252,557 shares in the last quarter. Schafer Cullen Capital Management Inc. grew its holdings in Honda Motor by 1.8% during the 4th quarter. Schafer Cullen Capital Management Inc. now owns 1,174,154 shares of the company’s stock valued at $40,015,000 after buying an additional 21,013 shares in the last quarter. Orbis Allan Gray Ltd grew its holdings in Honda Motor by 25.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 725,351 shares of the company’s stock valued at $24,720,000 after buying an additional 148,615 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Honda Motor by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 704,373 shares of the company’s stock valued at $20,821,000 after buying an additional 2,000 shares in the last quarter. 2.07% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE HMC opened at $32.98 on Friday. Honda Motor has a 12 month low of $27.05 and a 12 month high of $37.29. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 0.47. The stock has a market cap of $59.74 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01.
Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Friday, April 27th. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.10. Honda Motor had a return on equity of 8.80% and a net margin of 6.85%. The company had revenue of $3,914.73 billion during the quarter, compared to analyst estimates of $3,808.55 billion. During the same quarter in the previous year, the firm earned $53.24 earnings per share. Honda Motor’s revenue was up 4.0% on a year-over-year basis. sell-side analysts anticipate that Honda Motor will post 3.59 EPS for the current year.
A number of research analysts have weighed in on the company. Zacks Investment Research raised Honda Motor from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Credit Suisse Group raised Honda Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 20th. JPMorgan Chase raised Honda Motor from a “neutral” rating to an “overweight” rating in a report on Thursday, February 15th. Jefferies Group set a $42.00 price objective on Honda Motor and gave the stock a “buy” rating in a report on Wednesday, April 11th. Finally, ValuEngine raised Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $40.50.
Honda Motor Company Profile
Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.
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