10,135 Shares in Honeywell Aerospace $HONA Bought by Brooks Moore & Associates Inc.

Key Points

• Brooks Moore & Associates bought 10,135 shares of Honeywell Aerospace in the second quarter, valued at approximately $2.27 million. Several other investment firms also initiated smaller positions.
• Honeywell Aerospace shares opened at $160.75, down 2%, with a market capitalization of about $50.95 billion. The stock has traded between $150.03 and $297.50 over the past year.
• Analyst sentiment is broadly neutral: the stock has an average “Hold” rating and a consensus price target of $224.17, although several firms recently lowered their targets.

Brooks Moore & Associates Inc. purchased a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,135 shares of the company's stock, valued at approximately $2,269,000.

Several other large investors also recently bought and sold shares of HONA. Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace during the second quarter worth about $29,000. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace during the second quarter worth about $29,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $40,000. Finally, Gables Capital Management Inc. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $47,000.

Honeywell Aerospace Trading Down 2.0%

HONA opened at $160.75 on Friday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm's 50 day moving average is $195.92. The stock has a market cap of $50.95 billion and a P/E ratio of 85.96.

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 for the quarter. The company had revenue of $4.35 billion during the quarter. Analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

HONA has been the topic of a number of research reports. BMO Capital Markets dropped their price target on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. UBS Group reduced their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. BNP Paribas Exane decreased their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a "neutral" rating and a $255.00 target price on the stock. Finally, Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $224.17.

About Honeywell Aerospace

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source