Gilman Hill Asset Management LLC Makes New $4.77 Million Investment in Honda Motor Co., Ltd. (NYSE:HMC)

Gilman Hill Asset Management LLC acquired a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 167,140 shares of the company’s stock, valued at approximately $4,772,000.

A number of other large investors have also added to or reduced their stakes in the company. Persium Advisors LLC bought a new position in Honda Motor in the fourth quarter worth approximately $628,000. Bruce G. Allen Investments LLC raised its stake in Honda Motor by 8.5% in the fourth quarter. Bruce G. Allen Investments LLC now owns 5,683 shares of the company’s stock valued at $162,000 after buying an additional 445 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Honda Motor by 10.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,811 shares of the company’s stock valued at $366,000 after acquiring an additional 1,200 shares during the period. GAMMA Investing LLC raised its position in Honda Motor by 44.8% during the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the company’s stock worth $98,000 after buying an additional 1,066 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Honda Motor by 22.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 57,739 shares of the company’s stock worth $1,832,000 after purchasing an additional 10,720 shares during the period. Institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HMC shares. StockNews.com downgraded Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th.

Honda Motor Stock Performance

Shares of HMC stock opened at $28.20 on Monday. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $37.90. The stock’s 50-day moving average is $26.91 and its two-hundred day moving average is $29.85. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49.

Honda Motor (NYSE:HMC) last posted 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). The business had revenue of $36.24 billion during the quarter, compared to analysts’ expectations of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. As a group, sell-side analysts forecast that Honda Motor Co., Ltd. will post 4.2 earnings per share for the current 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.