Honda Motor Co., Ltd. $HMC Shares Bought by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. grew its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 28.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,648,828 shares of the company’s stock after purchasing an additional 590,128 shares during the quarter. Donald Smith & CO. Inc. owned 0.17% of Honda Motor worth $78,087,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of HMC. Royal Bank of Canada grew its holdings in shares of Honda Motor by 8.6% in the 1st quarter. Royal Bank of Canada now owns 285,203 shares of the company’s stock worth $7,737,000 after acquiring an additional 22,479 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Honda Motor by 29.5% in the 1st quarter. AQR Capital Management LLC now owns 39,558 shares of the company’s stock worth $1,073,000 after acquiring an additional 9,001 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Honda Motor by 5.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock worth $232,000 after acquiring an additional 468 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Honda Motor by 41.4% in the 1st quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock worth $9,292,000 after acquiring an additional 100,330 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Honda Motor by 121.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock worth $57,000 after acquiring an additional 1,161 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Price Performance

HMC opened at $26.18 on Thursday. The stock has a fifty day moving average price of $25.20 and a 200 day moving average price of $27.93. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. Honda Motor Co., Ltd. has a 1 year low of $23.25 and a 1 year high of $34.89. The stock has a market cap of $40.86 billion, a price-to-earnings ratio of -13.71, a PEG ratio of 4.60 and a beta of 0.44.

Honda Motor (NYSE:HMC) last issued its earnings results on Thursday, May 14th. The company reported ($4.24) EPS for the quarter, beating analysts’ consensus estimates of ($5.74) by $1.50. Honda Motor had a negative return on equity of 3.07% and a negative net margin of 1.75%.The firm had revenue of $36.81 billion for the quarter, compared to the consensus estimate of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. Analysts forecast that Honda Motor Co., Ltd. will post 0.93 EPS for the current fiscal year.

Analysts Set New Price Targets

HMC has been the topic of a number of recent research reports. Weiss Ratings cut Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. BNP Paribas Exane initiated coverage on Honda Motor in a report on Thursday, February 12th. They issued an “underperform” rating and a $25.00 target price on the stock. Zacks Research cut Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Morgan Stanley cut Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. Finally, Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $25.00.

About Honda Motor

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.