Gibbs Wealth Management Acquires New Position in Honda Motor Co., Ltd. $HMC

Gibbs Wealth Management acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,314 shares of the company’s stock, valued at approximately $615,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Honda Motor in the 3rd quarter valued at approximately $26,000. WealthCollab LLC raised its position in shares of Honda Motor by 66.2% during the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after buying an additional 365 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in Honda Motor in the second quarter valued at approximately $29,000. Sound Income Strategies LLC acquired a new position in Honda Motor in the fourth quarter valued at approximately $33,000. Finally, Lodestone Wealth Management LLC purchased 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 and hedge funds.

Honda Motor Stock Up 0.6%

NYSE:HMC opened at $28.16 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.28 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average is $27.11 and its two-hundred day moving average is $27.36. Honda Motor Co., Ltd. has a 52 week low of $23.25 and a 52 week high of $34.89. The stock has a market capitalization of $43.96 billion, a price-to-earnings ratio of -14.75, a price-to-earnings-growth ratio of 4.86 and a beta of 0.43.

Honda Motor (NYSE:HMC) last released its quarterly 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. The business had revenue of $36.81 billion during the quarter, compared to analyst estimates of $32.99 billion. Honda Motor had a negative return on equity of 3.07% and a negative net margin of 1.75%.Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. Research analysts anticipate that Honda Motor Co., Ltd. will post 0.92 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on HMC. Zacks Research raised Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Weiss Ratings downgraded Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Honda Motor currently has a consensus rating of “Hold” and a consensus target price 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.