Honeywell Aerospace (NASDAQ:HONA – Get Free Report)’s share price was down 1.1% during mid-day trading on Wednesday . The company traded as low as $151.97 and last traded at $152.55. 2,719,483 shares changed hands during trading, a decline of 24% from the average session volume of 3,585,089 shares. The stock had previously closed at $154.24.
Analysts Set New Price Targets
Several brokerages recently issued reports on HONA. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Vertical Research initiated coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price on the stock. Royal Bank Of Canada reduced their price target on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. BMO Capital Markets lowered their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Finally, Argus assumed coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $224.17.
Check Out Our Latest Stock Report on Honeywell Aerospace
Honeywell Aerospace Trading Down 1.1%
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last announced its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. As a group, equities research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.
Institutional Investors Weigh In On Honeywell Aerospace
A number of hedge funds and other institutional investors have recently bought and sold shares of HONA. California State Teachers Retirement System bought a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $24,053,526,000. BlackRock Inc. bought a new position in Honeywell Aerospace in the second quarter valued at approximately $5,253,341,000. Wellington Management Group LLP acquired a new position in Honeywell Aerospace during the second quarter worth $1,705,882,000. Bank of America Corp DE bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $1,034,187,000. Finally, Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace in the second quarter valued at approximately $644,412,000.
About Honeywell Aerospace
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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