Honeywell Aerospace (NASDAQ:HONA – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 8,614,534 shares, a growth of 61.9% from the September 15th total of 5,319,740 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average daily volume of 4,490,501 shares, the days-to-cover ratio is currently 1.9 days.
Institutional Trading of Honeywell Aerospace
A number of institutional investors and hedge funds have recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $25,000. Leo H. Evart Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $26,000. Outlook Capital Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $26,000. Security National Bank of SO Dak bought a new position in Honeywell Aerospace in the 2nd quarter worth $27,000. Finally, Cherry Tree Wealth Management LLC bought a new position in Honeywell Aerospace in the 2nd quarter worth $28,000.
Analyst Upgrades and Downgrades
HONA has been the subject of several analyst reports. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace and gave the company a “hold” rating in a research note on Sunday, August 9th. BNP Paribas Exane lowered their target price on shares of Honeywell Aerospace from $210.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. Wolfe Research started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating on the stock. Susquehanna assumed coverage on Honeywell Aerospace in a report on Thursday, September 17th. They set a “positive” rating and a $190.00 target price on the stock. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $201.93.
View Our Latest Report on Honeywell Aerospace
Honeywell Aerospace Trading Up 4.1%
HONA opened at $163.11 on Friday. The stock has a 50 day moving average of $160.28. Honeywell Aerospace has a twelve month low of $149.19 and a twelve month high of $297.50. The firm has a market cap of $51.70 billion and a price-to-earnings ratio of 87.22.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last announced 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 for the quarter. On average, research analysts expect that Honeywell Aerospace will post 7.77 EPS for the current year.
Honeywell Aerospace Company Profile
Honeywell Aerospace is an aerospace and defense technology company that develops systems and equipment for commercial aircraft, business and general aviation, military platforms, and spacecraft. Its portfolio includes aircraft engines and propulsion systems, auxiliary power units, avionics, flight controls, environmental control systems, electrical power systems, landing systems, communications technology, and aircraft safety products.
The company also provides software, connected-aircraft technologies, maintenance, repair and overhaul services, spare parts, upgrades, and other aftermarket support.
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