Hodges Capital Management Inc. Purchases 14,750 Shares of Ford Motor (NYSE:F)

Hodges Capital Management Inc. boosted its position in shares of Ford Motor (NYSE:F) by 18.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,500 shares of the auto manufacturer’s stock after acquiring an additional 14,750 shares during the period. Hodges Capital Management Inc.’s holdings in Ford Motor were worth $1,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in F. Whittier Trust Co. of Nevada Inc. boosted its holdings in Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC boosted its holdings in Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after purchasing an additional 1,086 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new stake in Ford Motor during the fourth quarter valued at approximately $27,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,938 shares in the last quarter. Finally, Headinvest LLC acquired a new stake in Ford Motor during the third quarter valued at approximately $31,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $12.54 on Friday. The firm has a fifty day moving average of $12.21 and a two-hundred day moving average of $12.24. The stock has a market capitalization of $50.06 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.81 and a beta of 1.61. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. The company had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, equities research analysts predict that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Insider Activity at Ford Motor

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the sale, the director now owns 168,601 shares in the company, valued at approximately $2,038,386.09. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

F has been the topic of several recent analyst reports. UBS Group boosted their target price on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Citigroup boosted their target price on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Royal Bank of Canada boosted their target price on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Sanford C. Bernstein initiated coverage on Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, Barclays boosted their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $13.89.

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.