Honeywell Aerospace (NASDAQ:HONA – Get Free Report) rose 1.6% on Thursday . The stock traded as high as $155.88 and last traded at $154.96. 3,805,988 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 3,587,832 shares. The stock had previously closed at $152.55.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on HONA. BMO Capital Markets decreased their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. UBS Group dropped their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a research report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $224.17.
Check Out Our Latest Report on HONA
Honeywell Aerospace Price Performance
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion during the quarter. As a group, analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust bought a new position in Honeywell Aerospace during the second quarter valued at approximately $448,000. MLG Wealth Management DBA Pine Grove Financial Group purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at $426,000. Allianz Asset Management GmbH purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at $9,121,000. Brown Lisle Cummings Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $1,819,000. Finally, Corient Private Wealth LP purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth $49,860,000.
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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