Legacy Wealth Asset Management LLC Buys 1,621 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Legacy Wealth Asset Management LLC grew its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,013 shares of the company’s stock after purchasing an additional 1,621 shares during the quarter. Honda Motor makes up about 0.6% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 28th largest position. Legacy Wealth Asset Management LLC’s holdings in Honda Motor were worth $2,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Rise Advisors LLC bought a new position in Honda Motor during the 1st quarter valued at $27,000. Pinnacle Bancorp Inc. lifted its position in shares of Honda Motor by 324.4% during the fourth quarter. Pinnacle Bancorp Inc. now owns 904 shares of the company’s stock valued at $28,000 after purchasing an additional 691 shares in the last quarter. Ramirez Asset Management Inc. purchased a new position in Honda Motor during the third quarter worth about $30,000. Anchor Investment Management LLC purchased a new position in Honda Motor during the fourth quarter worth about $31,000. Finally, Principal Securities Inc. bought a new stake in Honda Motor in the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Honda Motor Stock Performance

Shares of Honda Motor stock traded up $0.08 during trading hours on Thursday, hitting $32.48. 359,419 shares of the company’s stock traded hands, compared to its average volume of 745,394. Honda Motor Co., Ltd. has a 12-month low of $29.05 and a 12-month high of $37.90. The company has a current ratio of 1.43, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $33.02 and a 200-day simple moving average of $33.78.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Friday, May 10th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.55. The business had revenue of $36.56 billion during the quarter, compared to the consensus estimate of $37.96 billion. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. As a group, analysts anticipate that Honda Motor Co., Ltd. will post 4.5 earnings per share for the current fiscal year.

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.