NorthCrest Asset Manangement LLC Buys 9,145 Shares of Ford Motor (NYSE:F)

Posted by on Jul 13th, 2023

NorthCrest Asset Manangement LLC boosted its stake in shares of Ford Motor (NYSE:F – Free Report) by 79.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,608 shares of the auto manufacturer’s stock after acquiring an additional 9,145 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Ford Motor were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Snider Financial Group lifted its position in Ford Motor by 100,345.2% during the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock valued at $3,717,000 after purchasing an additional 219,586,336 shares during the period. Norges Bank acquired a new position in Ford Motor during the 4th quarter valued at about $419,237,000. Moneta Group Investment Advisors LLC lifted its position in Ford Motor by 81,406.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,201,290 shares of the auto manufacturer’s stock valued at $351,241,000 after purchasing an additional 30,164,236 shares during the period. Franklin Resources Inc. lifted its position in Ford Motor by 861.4% during the 4th quarter. Franklin Resources Inc. now owns 7,534,381 shares of the auto manufacturer’s stock valued at $87,625,000 after purchasing an additional 6,750,728 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Ford Motor during the 4th quarter valued at about $66,541,000. Institutional investors own 53.20% of the company’s stock.

Ford Motor Price Performance

Shares of F opened at $15.22 on Thursday. The stock has a market capitalization of $60.89 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.35 and a beta of 1.59. Ford Motor has a twelve month low of $10.90 and a twelve month high of $16.68. The company has a 50 day moving average of $13.26 and a 200-day moving average of $12.69. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 2.16.

Ford Motor (NYSE:F – Get Free Report) last released its earnings results on Tuesday, May 2nd. The auto manufacturer reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.27. Ford Motor had a net margin of 1.75% and a return on equity of 19.99%. The business had revenue of $39.09 billion during the quarter, compared to analysts’ expectations of $37.42 billion. During the same period last year, the business earned $0.38 earnings per share. The firm’s revenue was up 21.4% on a year-over-year basis. As a group, equities research analysts forecast that Ford Motor will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on F. Daiwa Capital Markets upgraded shares of Ford Motor from an “underperform” rating to a “neutral” rating and set a $12.00 price target on the stock in a research report on Thursday, May 25th. Wells Fargo & Company increased their price target on shares of Ford Motor from $10.00 to $11.00 in a research report on Monday. Jefferies Financial Group increased their price target on shares of Ford Motor from $16.00 to $17.00 in a research report on Friday, July 7th. Benchmark increased their price target on shares of Ford Motor from $19.00 to $20.00 in a research report on Wednesday, May 3rd. Finally, Citigroup increased their price target on shares of Ford Motor from $16.00 to $17.00 in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.28.

Ford Motor Company Profile

(Free Report)

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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