Honda Motor Co., Ltd. $HMC Stock Holdings Lifted by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. raised its position in Honda Motor Co., Ltd. (NYSE:HMC) by 28.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,648,828 shares of the company’s stock after buying an additional 590,128 shares during the quarter. Donald Smith & CO. Inc.’s holdings in Honda Motor were worth $78,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HMC. Royal Bank of Canada grew its stake in Honda Motor by 8.6% in the first quarter. Royal Bank of Canada now owns 285,203 shares of the company’s stock valued at $7,737,000 after purchasing an additional 22,479 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Honda Motor by 29.5% in the first quarter. AQR Capital Management LLC now owns 39,558 shares of the company’s stock worth $1,073,000 after buying an additional 9,001 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Honda Motor by 5.8% in the first quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock worth $232,000 after buying an additional 468 shares during the last quarter. Millennium Management LLC lifted its position in shares of Honda Motor by 41.4% in the first quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock worth $9,292,000 after buying an additional 100,330 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Honda Motor by 121.2% in the first quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock worth $57,000 after buying an additional 1,161 shares during the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Price Performance

NYSE HMC opened at $26.18 on Thursday. Honda Motor Co., Ltd. has a twelve month low of $23.25 and a twelve month high of $34.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.28. The stock has a market capitalization of $40.86 billion, a PE ratio of -13.71, a P/E/G ratio of 4.60 and a beta of 0.44. The stock has a 50-day simple moving average of $25.20 and a 200 day simple moving average of $27.93.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($4.24) earnings per share 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 during the quarter, compared to analysts’ expectations of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. Research analysts anticipate that Honda Motor Co., Ltd. will post 0.93 EPS for the current year.

Analysts Set New Price Targets

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

Honda Motor 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.