New Mexico Educational Retirement Board bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,793 shares of the company’s stock, valued at approximately $3,492,000.
Other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Honeywell Aerospace in the second quarter worth $29,000. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $29,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at $40,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at $47,000.
Wall Street Analyst Weigh In
Several research firms recently issued reports on HONA. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Vertical Research initiated coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target for the company. UBS Group dropped their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. BMO Capital Markets cut their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Finally, Evercore set a $210.00 price objective on Honeywell Aerospace in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $224.17.
Honeywell Aerospace Stock Performance
Shares of NASDAQ HONA opened at $162.37 on Friday. The company’s 50 day simple moving average is $195.14. The firm has a market cap of $51.46 billion and a PE ratio of 86.83. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. Sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.
Honeywell Aerospace 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.
See Also
- Five stocks we like better than Honeywell Aerospace
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Want to see what other hedge funds are holding HONA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell Aerospace (NASDAQ:HONA – Free Report).
Receive News & Ratings for Honeywell Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
