Hodges Capital Management Inc. Has $317,000 Stock Holdings in Ford Motor (NYSE:F)

Hodges Capital Management Inc. lowered its stake in shares of Ford Motor (NYSE:F) by 61.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the auto manufacturer’s stock after selling 48,000 shares during the period. Hodges Capital Management Inc.’s holdings in Ford Motor were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in F. Family Firm Inc. acquired a new position in Ford Motor during the 2nd quarter worth approximately $26,000. Quarry LP acquired a new position in shares of Ford Motor during the second quarter worth approximately $27,000. Ridgewood Investments LLC bought a new position in shares of Ford Motor in the 2nd quarter worth $28,000. Kimelman & Baird LLC acquired a new stake in Ford Motor in the 2nd quarter valued at $30,000. Finally, MFA Wealth Advisors LLC bought a new stake in Ford Motor during the 2nd quarter valued at $37,000. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Barclays dropped their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a report on Thursday, November 7th. Finally, Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.08.

Ford Motor Stock Up 0.7 %

F opened at $10.51 on Monday. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company’s 50-day moving average price is $10.86 and its two-hundred day moving average price is $11.36. The stock has a market cap of $41.77 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.96 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Ford Motor’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. As a group, equities analysts expect that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Ford Motor Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.