Sanctuary Advisors LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 73,143 shares of the company’s stock, valued at approximately $16,170,000.
Other hedge funds have also bought and sold shares of the company. Covington Investment Advisors Inc. bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $3,811,000. Barbara Oil Co. bought a new position in shares of Honeywell Aerospace in the second quarter valued at $1,769,000. Solstein Capital LLC acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $467,000. E20 Capital Ltd acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $31,963,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Honeywell Aerospace during the second quarter worth about $1,737,000.
Honeywell Aerospace Price Performance
NASDAQ HONA opened at $161.20 on Tuesday. The firm has a market capitalization of $51.09 billion and a PE ratio of 86.20. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on HONA. BNP Paribas Exane lowered their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Argus began coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They set a “buy” rating and a $275.00 price target for the company. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research note on Sunday, August 9th. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Honeywell Aerospace has an average rating of “Hold” and a consensus price target of $224.17.
Read Our Latest Stock Report on HONA
Honeywell Aerospace Company Profile
Honeywell Aerospace Inc manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry. The company offers actuation products, air and thermal management products, auxiliary power units, cabin management and entertainment products, cockpit systems and displays, electric power products, engines, health and usage monitoring products, lighting products, microelectronics, navigation products and radios, recorders and transmitters, satellite communications, sensors, space products, terrain and traffic awareness, vehicle turbochargers, weather radars, and wheels and braking systems.
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