Wedbush Securities Inc. purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,195 shares of the company’s stock, valued at approximately $2,283,000.
Several other large investors have also made changes to their positions in the business. Hardy Reed LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $1,151,000. Plan Group Financial LLC bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $270,000. Mill Capital Management LLC purchased a new position in shares of Honeywell Aerospace in the second quarter worth $419,000. Bryn Mawr Trust Advisors LLC bought a new position in shares of Honeywell Aerospace during the second quarter worth $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Honeywell Aerospace during the second quarter valued at $8,809,000.
Wall Street Analyst Weigh In
Several analysts have commented on HONA shares. Wolfe Research started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating on the stock. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. BMO Capital Markets dropped their price target on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research note on Wednesday, August 19th. Finally, Wall Street Zen raised 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 issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $224.17.
Honeywell Aerospace Stock Performance
HONA opened at $162.37 on Monday. The stock has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The stock has a 50-day moving average of $195.14.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The company had revenue of $4.35 billion for the quarter. Analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.
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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