Equity Investment Corp Purchases 27,965 Shares of Honda Motor Co., Ltd. $HMC

Equity Investment Corp lifted its position in Honda Motor Co., Ltd. (NYSE:HMC) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,302,204 shares of the company’s stock after acquiring an additional 27,965 shares during the quarter. Equity Investment Corp’s holdings in Honda Motor were worth $67,869,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Logan Capital Management Inc. raised its holdings in Honda Motor by 11.4% in the fourth quarter. Logan Capital Management Inc. now owns 174,454 shares of the company’s stock worth $5,143,000 after purchasing an additional 17,790 shares in the last quarter. Xponance LLC raised its holdings in Honda Motor by 11.3% in the fourth quarter. Xponance LLC now owns 8,184 shares of the company’s stock worth $241,000 after purchasing an additional 829 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in Honda Motor by 28.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,648,828 shares of the company’s stock worth $78,087,000 after purchasing an additional 590,128 shares in the last quarter. M Holdings Securities Inc. bought a new position in Honda Motor in the fourth quarter worth about $411,000. Finally, Janney Montgomery Scott LLC raised its holdings in Honda Motor by 5.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 49,463 shares of the company’s stock worth $1,458,000 after purchasing an additional 2,737 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BNP Paribas Exane assumed coverage on shares of Honda Motor in a report on Thursday, February 12th. They issued an “underperform” rating and a $25.00 target price for the company. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research downgraded shares of Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Weiss Ratings downgraded shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley downgraded shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Honda Motor currently has a consensus rating of “Reduce” and a consensus price target of $25.00.

Honda Motor Stock Performance

HMC opened at $27.07 on Friday. Honda Motor Co., Ltd. has a 52-week low of $23.25 and a 52-week high of $34.89. The company has a quick ratio of 1.03, a current ratio of 1.28 and a debt-to-equity ratio of 0.70. The company has a market cap of $42.24 billion, a P/E ratio of -14.17, a price-to-earnings-growth ratio of 4.49 and a beta of 0.44. The firm’s 50-day moving average price is $25.25 and its 200-day moving average price is $27.91.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.74) by $1.50. Honda Motor had a negative net margin of 1.75% and a negative return on equity of 3.07%. The firm had revenue of $36.81 billion for the quarter, compared to the consensus estimate of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. As a group, equities analysts anticipate that Honda Motor Co., Ltd. will post 0.93 EPS for the current fiscal year.

About Honda Motor

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.