Honda Motor (NYSE:HMC) Trading 1.7% Higher

Honda Motor Co., Ltd. (NYSE:HMC) shares were up 1.7% on Tuesday . The stock traded as high as $32.57 and last traded at $32.57. Approximately 53,819 shares traded hands during trading, a decline of 94% from the average daily volume of 943,316 shares. The stock had previously closed at $32.02.

Analyst Ratings Changes

Separately, StockNews.com upgraded Honda Motor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 11th.

Honda Motor Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.43 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $31.58 and a 200-day moving average price of $33.63. The firm has a market cap of $55.75 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 2.81 and a beta of 0.68.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.38. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. The company had revenue of $34.67 billion during the quarter, compared to the consensus estimate of $33.75 billion. On average, analysts expect that Honda Motor Co., Ltd. will post 4.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

A number of hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in shares of Honda Motor by 2.7% during the 4th quarter. Fisher Asset Management LLC now owns 9,670,076 shares of the company’s stock worth $298,902,000 after buying an additional 258,160 shares in the last quarter. Mondrian Investment Partners LTD raised its position in Honda Motor by 20.9% in the first quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock worth $191,538,000 after acquiring an additional 896,048 shares in the last quarter. Equity Investment Corp lifted its holdings in Honda Motor by 1.6% in the second quarter. Equity Investment Corp now owns 2,061,395 shares of the company’s stock valued at $66,459,000 after acquiring an additional 33,067 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Honda Motor by 9.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock worth $52,303,000 after purchasing an additional 141,552 shares in the last quarter. Finally, Brandes Investment Partners LP grew its stake in shares of Honda Motor by 47.1% during the 4th quarter. Brandes Investment Partners LP now owns 522,236 shares of the company’s stock worth $16,142,000 after purchasing an additional 167,120 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.