RNC Capital Management LLC Increases Stake in Honda Motor Co., Ltd. $HMC

RNC Capital Management LLC raised its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 13.1% in the second quarter, Holdings Channel reports. The institutional investor owned 11,408 shares of the company’s stock after acquiring an additional 1,320 shares during the period. RNC Capital Management LLC’s holdings in Honda Motor were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its holdings in Honda Motor by 1,105.1% during the second quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock valued at $27,000 after buying an additional 873 shares during the last quarter. Bessemer Group Inc. increased its holdings in Honda Motor by 460.2% during the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock valued at $30,000 after buying an additional 902 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Honda Motor during the second quarter valued at approximately $36,000. Trust Co. of Toledo NA OH purchased a new stake in Honda Motor during the second quarter valued at approximately $46,000. Finally, Rossby Financial LCC purchased a new stake in Honda Motor during the first quarter valued at approximately $56,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Stock Performance

HMC opened at $31.59 on Friday. The firm has a market cap of $49.31 billion, a P/E ratio of 10.93, a PEG ratio of 1.06 and a beta of 0.48. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $34.89. The company has a 50 day simple moving average of $32.81 and a two-hundred day simple moving average of $31.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.46. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. The firm had revenue of $36.22 billion during the quarter, compared to analyst estimates of $36.04 billion. Equities analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Honda Motor in a research report on Tuesday, October 14th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Honda Motor currently has an average rating of “Hold”.

Honda Motor Company Profile

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.