Honeywell Aerospace (NASDAQ:HONA – Get Free Report) shares traded up 2.9% during trading on Friday . The stock traded as high as $158.44 and last traded at $158.26. 2,500,437 shares were traded during trading, a decline of 30% from the average session volume of 3,558,424 shares. The stock had previously closed at $153.75.
Analyst Upgrades and Downgrades
HONA has been the subject of a number of research reports. Argus started coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research note on Wednesday, August 19th. BNP Paribas Exane lowered their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $224.17.
Check Out Our Latest Research Report on Honeywell Aerospace
Honeywell Aerospace Stock Performance
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last posted its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion during the quarter. On average, equities analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Hardy Reed LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $1,151,000. Plan Group Financial LLC acquired a new position in shares of Honeywell Aerospace during the second quarter worth about $270,000. Mill Capital Management LLC acquired a new position in shares of Honeywell Aerospace during the second quarter worth about $419,000. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $8,809,000.
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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