Honeywell Aerospace (NASDAQ:HONA) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Honeywell Aerospace to “strong sell” from “hold,” adding to mixed analyst sentiment. The broader consensus remains “Hold,” with a target price of $221.54 versus the stock’s $158.49 opening price.
• Honeywell Aerospace shares have traded between $149.19 and $297.50 over the past year, with a market capitalization of approximately $50.23 billion and a high price-to-earnings ratio of 84.75.
• The company reported quarterly revenue of $4.35 billion and earnings per share of $6.34 million as stated in the article, while its full-year organic growth outlook was previously reduced to 4%–5% from 7%–9%, creating a key overhang despite resilient aerospace demand and a growing backlog.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Monday, Zacks reports.

Other analysts have also issued reports about the company. 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 research note on Thursday, August 6th. Argus initiated coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a "buy" rating and a $275.00 price target on the stock. Weiss Ratings initiated coverage on shares of Honeywell Aerospace in a report on Friday. They set a "sell (d)" rating on the stock. TD Cowen began coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a "hold" rating and a $250.00 price objective for the company. Finally, Vertical Research assumed coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $221.54.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $158.49 on Monday. The firm has a market capitalization of $50.23 billion and a price-to-earnings ratio of 84.75. Honeywell Aerospace has a 12 month low of $149.19 and a 12 month high of $297.50. The company has a 50-day moving average price of $181.54.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion for the quarter. Analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honeywell Aerospace

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new stake in Honeywell Aerospace in the second quarter worth about $25,000. Leo H. Evart Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter valued at about $26,000. Outlook Capital Management LLC acquired a new position in Honeywell Aerospace during the 2nd quarter valued at about $26,000. Cherry Tree Wealth Management LLC acquired a new position in Honeywell Aerospace during the 2nd quarter valued at about $28,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000.

Honeywell Aerospace News Roundup

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Management’s appearance at Morgan Stanley’s Laguna Conference reinforced the investment case around durable aerospace demand, a growing backlog and ongoing supply-chain investments intended to increase production over time. Honeywell Aerospace Presents at Morgan Stanley's Laguna Conference Transcript
• Positive Sentiment: Investor sentiment had improved after management updates suggested demand remains resilient and supply constraints are being addressed. The company’s recent sales growth and a director’s purchase of 6,400 shares at $156 may have provided additional support. Honeywell Aerospace Gains as Investors Reassess Spin-Off After Management Updates
• Positive Sentiment: A proposed $1.5 trillion U.S. defense budget highlights the favorable long-term spending environment for aerospace and defense suppliers, supporting the bullish case for Honeywell Aerospace. A $1.5 Trillion Defense Budget Is on the Table
• Neutral Sentiment: Honeywell Aerospace has shown relative strength versus the Nasdaq over the past year, while analysts’ median price target remains substantially above the current trading level. However, the broader analyst consensus is still “Hold,” indicating uncertainty about the timing of the recovery. Is Honeywell Aerospace Outperforming the Nasdaq?
• Negative Sentiment: Melius Research downgraded Honeywell Aerospace from “Strong Buy” to “Hold.” The rating change is the clearest near-term pressure on the stock and may be prompting investors to lock in gains or reassess valuation. Honeywell Aerospace Downgrade Report
• Negative Sentiment: The company previously reduced its full-year organic growth outlook to 4%–5% from 7%–9%, despite reporting 5% sales growth. That guidance cut remains an important overhang and helps explain the stock’s recent weakness.

About Honeywell Aerospace

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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