Norden Group LLC Makes New $3.59 Million Investment in Ford Motor (NYSE:F)

Norden Group LLC bought a new stake in Ford Motor (NYSE:F) during the 1st quarter, HoldingsChannel reports. The fund bought 270,578 shares of the auto manufacturer’s stock, valued at approximately $3,593,000.

A number of other institutional investors also recently added to or reduced their stakes in F. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Ford Motor by 835.9% in 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 acquiring an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC grew its holdings in Ford Motor by 100.0% in 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 during the period. Voisard Asset Management Group Inc. acquired a new position in Ford Motor during the fourth quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. raised its stake 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 worth $27,000 after purchasing an additional 1,938 shares during the period. Finally, Headinvest LLC acquired a new position in shares of Ford Motor in the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $12.87 on Thursday. The firm has a market cap of $51.38 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.83 and a beta of 1.62. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The firm’s 50-day simple moving average is $12.20 and its 200-day simple moving average is $12.25. 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 posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. Equities analysts forecast that Ford Motor will post 2.02 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on F shares. Royal Bank of Canada lifted their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. UBS Group raised their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Sanford C. Bernstein assumed coverage on Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective on the stock. Piper Sandler started coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price on the stock. Finally, Barclays boosted their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.89.

Insider Buying and Selling

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 stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the transaction, the director now directly owns 168,601 shares in the company, valued at approximately $2,038,386.09. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.40% of the stock is owned by company insiders.

Ford Motor Company 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.