Honeywell Aerospace (NASDAQ:HONA) Releases Quarterly Earnings Results, Misses Estimates By $0.20 EPS

Honeywell Aerospace (NASDAQ:HONAGet Free Report) released its earnings results on Wednesday. The company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.20), FiscalAI reports. The firm had revenue of $4.52 billion for the quarter.

Honeywell Aerospace Trading Down 5.9%

Shares of NASDAQ HONA traded down $12.84 during trading on Wednesday, hitting $203.64. The company had a trading volume of 4,312,123 shares, compared to its average volume of 2,909,172. Honeywell Aerospace has a fifty-two week low of $192.03 and a fifty-two week high of $297.50.

Analyst Ratings Changes

Several analysts have recently weighed in on HONA shares. TD Cowen started coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 target price for the company. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Jefferies Financial Group upgraded shares of Honeywell Aerospace from a “hold” rating to a “positive” rating in a report on Wednesday, July 29th. Morgan Stanley set a $235.00 price target on Honeywell Aerospace in a research note on Wednesday, July 15th. Finally, Vertical Research assumed coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $253.75.

View Our Latest Report on Honeywell Aerospace

Institutional Investors Weigh In On Honeywell Aerospace

Large investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new position in Honeywell Aerospace during the second quarter worth about $8,809,000. Bryn Mawr Trust Advisors LLC purchased a new position in Honeywell Aerospace in the second quarter worth approximately $1,301,000. Hardy Reed LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth $1,151,000. BIP Wealth LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at about $713,000. Finally, Everett Harris & Co. CA acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $699,000.

About Honeywell Aerospace

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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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