Natixis Advisors LLC trimmed its position in Honda Motor Co., Ltd. (NYSE:HMC – Free Report) by 19.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,906 shares of the company’s stock after selling 39,535 shares during the quarter. Natixis Advisors LLC’s holdings in Honda Motor were worth $4,773,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Cogent Private Wealth Inc. acquired a new position in shares of Honda Motor in the fourth quarter valued at $1,201,000. IPG Investment Advisors LLC raised its stake in shares of Honda Motor by 28.6% in the fourth quarter. IPG Investment Advisors LLC now owns 18,155 shares of the company’s stock valued at $535,000 after purchasing an additional 4,033 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Honda Motor by 16.6% in the fourth quarter. Bleakley Financial Group LLC now owns 26,336 shares of the company’s stock valued at $776,000 after purchasing an additional 3,757 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of Honda Motor by 5.8% in the fourth quarter. Harbour Investments Inc. now owns 7,265 shares of the company’s stock valued at $214,000 after purchasing an additional 400 shares in the last quarter. Finally, Plan A Wealth LLC raised its stake in shares of Honda Motor by 5.3% in the fourth quarter. Plan A Wealth LLC now owns 20,179 shares of the company’s stock valued at $595,000 after purchasing an additional 1,024 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. BNP Paribas Exane assumed coverage on Honda Motor in a research note on Thursday, February 12th. They issued an “underperform” rating and a $25.00 target price for the company. Weiss Ratings lowered Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. Zacks Research lowered Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Finally, Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $25.00.
Honda Motor Stock Performance
Honda Motor stock opened at $26.99 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.28 and a quick ratio of 1.03. The stock has a fifty day moving average price of $25.10 and a two-hundred day moving average price of $27.96. Honda Motor Co., Ltd. has a 52-week low of $23.25 and a 52-week high of $34.89. The firm has a market capitalization of $42.12 billion, a P/E ratio of -14.13, a P/E/G ratio of 21.29 and a beta of 0.44.
Honda Motor (NYSE:HMC – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.74) by $1.50. Honda Motor had a negative return on equity of 3.07% and a negative net margin of 1.75%.The firm had revenue of $36.81 billion during the quarter, compared to analyst estimates of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. As a group, analysts anticipate that Honda Motor Co., Ltd. will post 0.2 EPS for the current fiscal year.
Honda Motor Company Profile
Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.
In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.
Featured Stories
- Five stocks we like better than Honda Motor
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
Want to see what other hedge funds are holding HMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honda Motor Co., Ltd. (NYSE:HMC – Free Report).
Receive News & Ratings for Honda Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor and related companies with MarketBeat.com's FREE daily email newsletter.
