Honda Motor Co., Ltd. $HMC Shares Acquired by Auto Owners Insurance Co

Auto Owners Insurance Co lifted its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 5,004.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,583,102 shares of the company’s stock after buying an additional 8,414,952 shares during the quarter. Auto Owners Insurance Co’s holdings in Honda Motor were worth $25,303,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HMC. Caitong International Asset Management Co. Ltd bought a new stake in shares of Honda Motor in the 3rd quarter worth approximately $26,000. WealthCollab LLC increased its stake in shares of Honda Motor by 66.2% during the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after acquiring an additional 365 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Honda Motor during the second quarter valued at approximately $29,000. Sound Income Strategies LLC bought a new stake in Honda Motor in the fourth quarter worth about $33,000. Finally, Lodestone Wealth Management LLC acquired a new position in Honda Motor in the fourth quarter worth approximately $32,000. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Trading Up 0.0%

HMC stock opened at $26.27 on Friday. The business’s 50 day moving average is $25.54 and its 200-day moving average is $27.77. Honda Motor Co., Ltd. has a 1-year low of $23.25 and a 1-year high of $34.89. The firm has a market cap of $41.00 billion, a P/E ratio of -13.75, a P/E/G ratio of 4.52 and a beta of 0.44. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70.

Honda Motor (NYSE:HMC) last announced its earnings results on Thursday, May 14th. The company reported ($4.24) 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 business 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. Equities analysts anticipate that Honda Motor Co., Ltd. will post 0.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings lowered Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research downgraded Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. One research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $25.00.

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.