First Trust Direct Indexing L.P. Has $1.41 Million Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

First Trust Direct Indexing L.P. boosted its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 44,269 shares of the company’s stock after buying an additional 2,991 shares during the period. First Trust Direct Indexing L.P.’s holdings in Honda Motor were worth $1,405,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. RFP Financial Group LLC raised its holdings in Honda Motor by 91.3% during the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock worth $25,000 after buying an additional 316 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Honda Motor in the second quarter valued at approximately $28,000. LRI Investments LLC acquired a new stake in shares of Honda Motor in the first quarter valued at approximately $34,000. Family Firm Inc. acquired a new stake in shares of Honda Motor in the second quarter valued at approximately $35,000. Finally, Mather Group LLC. raised its holdings in shares of Honda Motor by 15,153.8% in the second quarter. Mather Group LLC. now owns 1,983 shares of the company’s stock valued at $64,000 after purchasing an additional 1,970 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Price Performance

NYSE:HMC opened at $30.32 on Friday. Honda Motor Co., Ltd. has a 1-year low of $27.69 and a 1-year high of $37.90. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $31.74 and a 200 day simple moving average of $32.26. The stock has a market capitalization of $51.87 billion, a PE ratio of 6.42, a P/E/G ratio of 2.67 and a beta of 0.67.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The business had revenue of $34.67 billion during the quarter, compared to analysts’ expectations of $33.75 billion. On average, research analysts expect that Honda Motor Co., Ltd. will post 4.6 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd.

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.