BlueCrest Capital Management Ltd purchased a new stake in Honeywell Aerospace (NASDAQ:HONA – Free Report) in the second quarter, HoldingsChannel reports. The fund purchased 11,400 shares of the company’s stock, valued at approximately $2,520,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ameliora Wealth Management Ltd. bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $25,000. Leo H. Evart Inc. bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $26,000. Outlook Capital Management LLC bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new stake in Honeywell Aerospace during the second quarter worth about $29,000. Finally, Bell Investment Advisors Inc bought a new position in Honeywell Aerospace during the second quarter valued at about $29,000.
Wall Street Analysts Forecast Growth
HONA has been the subject of several recent research reports. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. TD Cowen started coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research report on Monday, August 10th. Finally, UBS Group decreased their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $224.17.
Honeywell Aerospace Stock Down 2.5%
NASDAQ HONA opened at $151.58 on Thursday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The firm has a market capitalization of $48.04 billion and a P/E ratio of 81.06. The firm’s 50 day moving average is $188.25.
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 company had revenue of $4.35 billion during the quarter. Equities analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.
Honeywell Aerospace Company Profile
Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.
The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.
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