Rhumbline Advisers Has $1.16 Million Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

Rhumbline Advisers boosted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,775 shares of the company’s stock after purchasing an additional 457 shares during the period. Rhumbline Advisers’ holdings in Honda Motor were worth $1,164,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Planning Inc bought a new stake in shares of Honda Motor during the fourth quarter worth $25,000. R Squared Ltd acquired a new position in Honda Motor during the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new stake in Honda Motor during the 3rd quarter worth about $36,000. Addison Advisors LLC increased its holdings in shares of Honda Motor by 391.2% in the third quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after purchasing an additional 1,021 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Honda Motor by 84.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,510 shares of the company’s stock worth $80,000 after buying an additional 1,150 shares in the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Stock Up 5.4 %

NYSE:HMC opened at $28.82 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.90. The stock’s fifty day simple moving average is $28.29 and its 200-day simple moving average is $29.09. The firm has a market capitalization of $44.98 billion, a P/E ratio of 6.70 and a beta of 0.58.

Honda Motor (NYSE:HMC) last issued its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.37. The firm had revenue of $36.31 billion for the quarter, compared to analysts’ expectations of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. Equities research analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HMC has been the subject of several research reports. UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th. StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th.

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.