Elevation Point Wealth Partners LLC Acquires Shares of 25,804 Honda Motor Co., Ltd. $HMC

Elevation Point Wealth Partners LLC bought a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the 1st quarter, Holdings Channel.com reports. The fund bought 25,804 shares of the company’s stock, valued at approximately $627,000.

Several other hedge funds have also modified their holdings of the business. WealthCollab LLC boosted its stake in shares of Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after buying an additional 365 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Honda Motor during the third quarter worth $26,000. Newbridge Financial Services Group Inc. purchased a new position in Honda Motor in the second quarter worth $29,000. Lodestone Wealth Management LLC purchased a new position in Honda Motor in the fourth quarter worth $32,000. Finally, Sound Income Strategies LLC acquired a new stake in Honda Motor in the fourth quarter valued at $33,000. 5.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Weiss Ratings downgraded shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. Morgan Stanley downgraded shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. Finally, Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Honda Motor has an average rating of “Hold” and an average price target of $25.00.

Honda Motor Stock Performance

Shares of HMC stock opened at $28.50 on Wednesday. The stock has a fifty day moving average price of $26.18 and a 200 day moving average price of $27.51. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.28. The stock has a market cap of $44.49 billion, a PE ratio of -14.92, a P/E/G ratio of 5.12 and a beta of 0.43. Honda Motor Co., Ltd. has a 1 year low of $23.25 and a 1 year high of $34.89.

Honda Motor (NYSE:HMC) last posted its earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $36.81 billion for the quarter, compared to analyst estimates of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. Sell-side analysts forecast that Honda Motor Co., Ltd. will post 0.92 earnings per share for the current fiscal year.

Honda Motor Company Profile

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.