Gilman Hill Asset Management LLC Increases Position in Honda Motor Co., Ltd. (NYSE:HMC)

Gilman Hill Asset Management LLC boosted its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 5.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 176,950 shares of the company's stock after purchasing an additional 9,810 shares during the quarter. Gilman Hill Asset Management LLC's holdings in Honda Motor were worth $4,801,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lido Advisors LLC grew its holdings in Honda Motor by 2.1% in the fourth quarter. Lido Advisors LLC now owns 18,743 shares of the company's stock worth $535,000 after purchasing an additional 385 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Honda Motor by 0.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 49,165 shares of the company's stock valued at $1,404,000 after purchasing an additional 401 shares during the period. Rothschild Investment LLC lifted its position in Honda Motor by 50.4% during the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after purchasing an additional 417 shares during the period. Rhumbline Advisers lifted its position in Honda Motor by 1.1% during the fourth quarter. Rhumbline Advisers now owns 40,775 shares of the company's stock valued at $1,164,000 after purchasing an additional 457 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Honda Motor by 14.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,111 shares of the company's stock valued at $117,000 after purchasing an additional 507 shares during the period. Hedge funds and other institutional investors own 5.32% of the company's stock.

Honda Motor Stock Performance

HMC traded up $0.45 during trading on Friday, hitting $29.25. The company's stock had a trading volume of 475,146 shares, compared to its average volume of 1,060,343. 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 one year low of $23.41 and a one year high of $33.72. The firm has a market cap of $45.66 billion, a PE ratio of 6.80 and a beta of 0.51. The business's 50 day simple moving average is $29.11 and its 200-day simple moving average is $28.27.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.54). Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The business had revenue of $36.25 billion during the quarter, compared to the consensus estimate of $5,371.99 billion. As a group, sell-side analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HMC. Sanford C. Bernstein began coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating on the stock. Dbs Bank downgraded shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen downgraded shares of Honda Motor from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

Honda Motor Profile

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.