Cozad Asset Management Inc. Takes Position in Honda Motor Co Ltd (HMC)

Cozad Asset Management Inc. bought a new stake in shares of Honda Motor Co Ltd (NYSE:HMC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,566 shares of the company’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HMC. M&T Bank Corp raised its holdings in Honda Motor by 11.9% during the first quarter. M&T Bank Corp now owns 15,331 shares of the company’s stock valued at $533,000 after buying an additional 1,635 shares in the last quarter. LSV Asset Management bought a new position in Honda Motor during the first quarter valued at about $3,785,000. O Shaughnessy Asset Management LLC raised its holdings in Honda Motor by 39.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 10,585 shares of the company’s stock valued at $368,000 after buying an additional 2,982 shares in the last quarter. US Bancorp DE raised its holdings in Honda Motor by 13.5% during the first quarter. US Bancorp DE now owns 30,248 shares of the company’s stock valued at $1,051,000 after buying an additional 3,609 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Honda Motor by 3.3% during the first quarter. Northern Trust Corp now owns 1,655,910 shares of the company’s stock valued at $57,509,000 after buying an additional 52,995 shares in the last quarter. Institutional investors own 2.08% of the company’s stock.

Several equities analysts have weighed in on the company. Nomura lowered Honda Motor from a “buy” rating to a “neutral” rating in a report on Monday, July 16th. ValuEngine raised Honda Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Goldman Sachs Group downgraded Honda Motor from a “buy” rating to a “neutral” rating in a research report on Friday, June 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Honda Motor has an average rating of “Hold” and an average target price of $40.50.

Shares of NYSE:HMC opened at $28.90 on Monday. The stock has a market capitalization of $51.01 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05. Honda Motor Co Ltd has a 52-week low of $28.00 and a 52-week high of $37.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.23.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.19. The company had revenue of $4,024.10 billion for the quarter, compared to the consensus estimate of $3,794.23 billion. Honda Motor had a return on equity of 8.90% and a net margin of 7.09%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $115.04 earnings per share. sell-side analysts predict that Honda Motor Co Ltd will post 3.53 earnings per share for the current year.

Honda Motor Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

Further Reading: Calculate Your Return on Investment (ROI)

Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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