Stocks That Fell to 3-Year Lows in the Week of March 13
Honda Motor Co. Ltd. (NYSE:HMC), Mizuho Financial Group Inc. (NYSE:MFG), MDU Resources Group Inc. (NYSE:MDU) and ORIX Corp. (NYSE:IX) have reached their three-year lows as of March 13, accordint to GuruFocus data.
Honda Motor Co. Ltd. declined to $21.98
The prices of Honda Motor Co. Ltd. shares have declined to $21.98 on March 13, which is 4.2% above the three-year low of $21.06.
Honda Motor Co. Ltd. is a Japanese international conglomerate corporation that focuses on the manufacture of automobiles, motorcycles and power equipment. The company has been the world's largest manufacturer of motorcycles since 1959 and is also the world's largest manufacturer of internal combustion engines by volume.
Honda Motor Co. Ltd. has a market cap of $38.12 billion; its shares were traded around $21.98 with a price-earnings ratio of 9.31 and a price-sales ratio of 0.27. The trailing 12-month dividend yield of Honda Motor Co. Ltd. stocks is 4.72%. The forward dividend yield of Honda Motor Co. Ltd. stocks is 4.85%. Honda Motor Co. Ltd. had an annual average earnings growth of 8.10% over the past 10 years.
On Feb. 22, Honda Motor Co. Ltd. announced that the company will stop production operations in its plant in Sta. Rosa, Laguna, in the Philippines. This change will come into effect March 2020. In an official statement from the company, after consideration of optimization efforts in the production operations in the Asian and Oceania regions, Honda has decided to close the manufacturing operations of its branch in the Philippines. However, Honda Cars Philippines Inc. will continue automobile sales and after-sales service operations in the Philippines.
Mizuho Financial Group Inc. declined to $2.14
The prices of Mizuho Financial Group Inc. shares have declined to $2.14 on March 13, which is only 3.3% above the three-year low of $2.07.
Mizuho Financial Group Inc. is a Japanese banking holding company. Upon its founding in 2001, it was the largest bank in the world by assets. The company holds more than $1.8 trillion in assets through its control of Mizuho Bank and other operating subsidiaries. The company's combined holdings currently form the second largest financial services group in Japan. The company is also a component of the TOPIX Core 30.
Mizuho Financial Group Inc. has a market cap of $27.14 billion; its shares were traded around $2.14 with a price-earnings ratio of 39.09 and a price-sales ratio of 1.63. The trailing 12-month dividend yield of Mizuho Financial Group Inc. stocks is 6.46%. The forward dividend yield of Mizuho Financial Group Inc. stocks is 6.59%.
On March 6, Mizuho Financial Group Inc. announced changes in the company's representative executive officer. Seiji Imai, the current Senior Managing Executive Officer and Head of Global Corporate Company, was named Senior Managing Executive Officer. Satoshi Ishi, the current Senior Managing Executive Officer, was named Representative Executive Officer. Junichi Kato resigned from his position as the current Representative Executive Officer. These changes are effective April 1, 2020.
MDU Resources Group Inc. declined to $23.32
The prices of MDU Resources Group Inc. shares have declined to $23.32 on March 13, which is 4.8% above the three-year low of $22.20.
MDU Resources Group Inc. is an American energy delivery, natural gas and construction company. The company's electric and natural gas utility companies serve approximately 1.1 million customers across 48 U.S. states.
MDU Resources Group Inc. has a market cap of $4.67 billion; its shares were traded around $23.32 with a price-earnings ratio of 13.87 and a price-sales ratio of 0.86. The trailing 12-month dividend yield of MDU Resources Group Inc. stocks is 3.52%. The forward dividend yield of MDU Resources Group Inc. stocks is 3.64%. MDU Resources Group Inc. had an annual average earnings growth of 5.20% over the past 10 years.
On Feb. 13, MDU Resources Group Inc. announced a quarterly dividend of $0.2075 on the company's common stock, which remains unchanged from the previous quarter. The dividend will be payable on April 1 to stockholders of record at the close of business on March 12.
ORIX Corp declined to $66.89
The prices of ORIX Corp. shares have declined to $66.89 on March 13, which is only 4.6% above the three-year low of $63.84.
ORIX Corp. is Japanese international diversified financial services group. The company offers a diverse set of financial services, including leasing, lending, rentals, life insurance, real estate financing and development and retail banking. The company offers financial services in North America, Asia, the Middle East and Northern Africa.
ORIX Corp. has a market cap of $16.87 billion; its shares were traded around $66.89 with a price-earnings ratio of 5.72 and a price-sales ratio of 1.41. The trailing 12-month dividend yield of ORIX Corp. stocks is 5.58%. The forward dividend yield of ORIX Corp. stocks is 5.76%.
On March 4, ORIX Corp. announced the status regarding its previously announced share repurchase program. The company repurchased 9,934,600 common shares for a total purchase price of 18,583,666,400 Japanese Yen ($172,174,621.47) during the period of Feb. 1, 2020 to Feb. 29, 2020.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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This article first appeared on GuruFocus.
