Kovitz Investment Group Partners LLC Acquires Shares of 38,724 Honda Motor Co., Ltd. $HMC

Key Points

• Kovitz Investment Group Partners LLC has acquired 38,724 shares of Honda Motor Co., Ltd., valued at approximately $1,051,000, as reported in their recent SEC filing.
• Honda's stock is currently priced at $34.0250, with a 52-week high of $34.51 and a low of $23.41, reflecting significant growth potential.
• The company's recent earnings report indicated an EPS of $0.97, exceeding analysts' expectations by $0.46, coupled with a revenue of $36.22 billion.

Kovitz Investment Group Partners LLC acquired a new position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,724 shares of the company's stock, valued at approximately $1,051,000.

A number of other institutional investors have also added to or reduced their stakes in HMC. Bessemer Group Inc. increased its holdings in shares of Honda Motor by 460.2% in the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock worth $30,000 after purchasing an additional 902 shares during the period. Rothschild Investment LLC grew its stake in Honda Motor by 50.4% in the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock worth $34,000 after buying an additional 417 shares in the last quarter. Rossby Financial LCC bought a new stake in Honda Motor during the first quarter worth about $56,000. Caitong International Asset Management Co. Ltd boosted its stake in Honda Motor by 1,166.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,255 shares of the company's stock worth $61,000 after buying an additional 2,077 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Honda Motor by 50.7% during the first quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company's stock valued at $75,000 after buying an additional 947 shares during the period. Hedge funds and other institutional investors own 5.32% of the company's stock.

Wall Street Analyst Weigh In

HMC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Honda Motor from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Dbs Bank cut shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Macquarie lowered Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold".

Honda Motor Trading Down 0.9%

Shares of HMC traded down $0.32 during midday trading on Monday, hitting $34.29. The stock had a trading volume of 687,300 shares, compared to its average volume of 971,008. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01. The firm has a market cap of $53.52 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.04 and a beta of 0.52. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $34.70. The stock's 50 day moving average is $31.35 and its 200 day moving average is $29.74.

Honda Motor (NYSE:HMC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.46. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%.The business had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. As a group, analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS 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.