Honda Motor (NYSE:HMC) Sees Large Volume Increase – Here’s What Happened

Shares of Honda Motor Co., Ltd. (NYSE:HMC) saw unusually-strong trading volume on Tuesday . Approximately 2,277,818 shares traded hands during trading, an increase of 143% from the previous session’s volume of 937,333 shares.The stock last traded at $25.50 and had previously closed at $25.02.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday. StockNews.com downgraded Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

Honda Motor Trading Down 1.4 %

The company has a market capitalization of $40.54 billion, a price-to-earnings ratio of 5.85, a P/E/G ratio of 2.57 and a beta of 0.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12. The business’s 50-day moving average price is $27.88 and its two-hundred day moving average price is $30.48.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The firm had revenue of $36.24 billion for the quarter, compared to the consensus estimate of $35.60 billion. Research analysts predict that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new position in Honda Motor in the 2nd quarter valued at approximately $28,000. LRI Investments LLC lifted its stake in shares of Honda Motor by 1,263.6% in the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after acquiring an additional 834 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Honda Motor during the 2nd quarter valued at $35,000. Wilmington Savings Fund Society FSB bought a new stake in Honda Motor during the 3rd quarter worth $36,000. Finally, Addison Advisors LLC increased its holdings in Honda Motor by 391.2% in the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock worth $41,000 after purchasing an additional 1,021 shares in the last quarter. Institutional investors own 5.32% of the company’s stock.

Honda Motor Company 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.