Assetmark Inc. Boosts Stock Position in Honda Motor Co., Ltd. $HMC

Assetmark Inc. boosted its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 10.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 262,389 shares of the company’s stock after acquiring an additional 25,849 shares during the period. Assetmark Inc.’s holdings in Honda Motor were worth $6,379,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Auto Owners Insurance Co lifted its stake in shares of Honda Motor by 5,004.4% in the fourth quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock worth $25,303,000 after buying an additional 8,414,952 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Honda Motor by 34.8% in the 3rd quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock valued at $129,369,000 after purchasing an additional 1,083,245 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in Honda Motor by 28.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,648,828 shares of the company’s stock worth $78,087,000 after buying an additional 590,128 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Honda Motor during the 2nd quarter worth approximately $12,987,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Honda Motor by 1,421.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 416,848 shares of the company’s stock worth $12,289,000 after buying an additional 389,442 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analysts Set New Price Targets

HMC has been the subject of a number of research reports. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.00.

Honda Motor Stock Performance

Shares of HMC stock opened at $28.53 on Wednesday. Honda Motor Co., Ltd. has a 12-month low of $23.25 and a 12-month high of $34.89. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. The stock has a 50 day simple moving average of $26.94 and a 200-day simple moving average of $27.38. The company has a market cap of $44.54 billion, a price-to-earnings ratio of -14.94, a price-to-earnings-growth ratio of 4.87 and a beta of 0.43.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $36.81 billion for the quarter, compared to analysts’ expectations of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. On average, equities analysts forecast that Honda Motor Co., Ltd. will post 0.92 EPS for the current year.

Honda Motor Company 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.