Investors Research Corp Sells 1,450 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Investors Research Corp decreased its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,333 shares of the company’s stock after selling 1,450 shares during the period. Investors Research Corp’s holdings in Honda Motor were worth $780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Asset Planning Inc purchased a new position in shares of Honda Motor during the 4th quarter worth approximately $25,000. R Squared Ltd purchased a new position in shares of Honda Motor during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Honda Motor during the 3rd quarter worth approximately $36,000. Manchester Capital Management LLC purchased a new position in shares of Honda Motor during the 4th quarter worth approximately $40,000. Finally, Addison Advisors LLC grew its holdings in shares of Honda Motor by 391.2% during the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock worth $41,000 after acquiring an additional 1,021 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HMC. StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Stock Performance

Honda Motor stock opened at $29.19 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $45.55 billion, a P/E ratio of 6.79 and a beta of 0.61. The stock’s 50 day moving average is $28.31 and its 200 day moving average is $29.02. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $37.90.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.37. The company had revenue of $36.31 billion for the quarter, compared to the consensus estimate of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. On average, equities research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

About Honda Motor

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.