Auto Owners Insurance Co Trims Holdings in Honda Motor Co., Ltd. $HMC

Auto Owners Insurance Co decreased its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 74.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,150 shares of the company’s stock after selling 487,500 shares during the quarter. Auto Owners Insurance Co’s holdings in Honda Motor were worth $5,179,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Honda Motor during the third quarter valued at $26,000. WealthCollab LLC lifted its stake in shares of Honda Motor by 66.2% in the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after purchasing an additional 365 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Honda Motor in the second quarter worth $29,000. Root Financial Partners LLC purchased a new position in shares of Honda Motor during the 3rd quarter worth about $46,000. Finally, New Millennium Group LLC bought a new position in shares of Honda Motor during the third quarter valued at approximately $54,000. 5.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on HMC. Morgan Stanley downgraded shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Honda Motor in a research report on Monday, December 29th. Wall Street Zen lowered shares of Honda Motor from a “hold” rating to a “sell” rating in a report on Saturday. Nomura upgraded shares of Honda Motor to a “strong-buy” rating in a report on Tuesday, December 9th. Finally, BNP Paribas Exane started coverage on Honda Motor in a research report on Thursday, February 12th. They set an “underperform” rating and a $25.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Honda Motor Price Performance

Honda Motor stock opened at $25.51 on Wednesday. The business has a fifty day moving average of $29.91 and a two-hundred day moving average of $30.69. The company has a market cap of $39.81 billion, a P/E ratio of 10.16 and a beta of 0.37. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.36. Honda Motor Co., Ltd. has a one year low of $24.56 and a one year high of $34.89.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.24. Honda Motor had a return on equity of 4.01% and a net margin of 2.34%.The firm had revenue of $29.99 billion during the quarter, compared to the consensus estimate of $33.34 billion. Honda Motor has set its FY 2026 guidance at 1.462-1.462 EPS. As a group, analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share 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.