Manning & Napier Group LLC boosted its stake in Honda Motor Co Ltd (NYSE:HMC) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 209,122 shares of the company’s stock after buying an additional 4,853 shares during the period. Manning & Napier Group LLC’s holdings in Honda Motor were worth $5,453,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of HMC. Flagship Harbor Advisors LLC raised its holdings in Honda Motor by 262.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 1,098 shares of the company’s stock valued at $28,000 after buying an additional 795 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Honda Motor by 86.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,143 shares of the company’s stock valued at $30,000 after buying an additional 530 shares during the period. Rehmann Capital Advisory Group raised its holdings in Honda Motor by 73.8% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,173 shares of the company’s stock valued at $30,000 after buying an additional 498 shares during the period. Tower Research Capital LLC TRC raised its holdings in Honda Motor by 802.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the company’s stock valued at $46,000 after buying an additional 1,572 shares during the period. Finally, Pacer Advisors Inc. purchased a new stake in Honda Motor in the 2nd quarter valued at about $166,000. Hedge funds and other institutional investors own 2.27% of the company’s stock.
Shares of HMC opened at $26.33 on Friday. The firm has a market cap of $45.08 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. Honda Motor Co Ltd has a 12-month low of $22.87 and a 12-month high of $30.12. The company’s 50-day moving average price is $25.41 and its 200 day moving average price is $25.95. The company has a current ratio of 1.26, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49.
Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The company had revenue of $36.36 billion during the quarter, compared to analysts’ expectations of $36.46 billion. Honda Motor had a net margin of 3.38% and a return on equity of 6.26%. Equities research analysts forecast that Honda Motor Co Ltd will post 3.41 earnings per share for the current year.
HMC has been the topic of several research analyst reports. ValuEngine lowered shares of Honda Motor from a “hold” rating to a “sell” rating in a report on Friday. UBS Group lowered shares of Honda Motor from a “buy” rating to a “neutral” rating in a report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $31.00.
Honda Motor 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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