Valueworks LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,049 shares of the company's stock, valued at approximately $5,538,000. Honeywell Aerospace makes up about 1.2% of Valueworks LLC's investment portfolio, making the stock its 27th largest position.
Other large investors have also recently made changes to their positions in the company. Hardy Reed LLC purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $1,151,000. Plan Group Financial LLC purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $270,000. Mill Capital Management LLC purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $419,000. Bryn Mawr Trust Advisors LLC bought a new position in Honeywell Aerospace during the 2nd quarter valued at approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Honeywell Aerospace during the 2nd quarter valued at approximately $8,809,000.
Honeywell Aerospace Stock Performance
Shares of NASDAQ HONA opened at $160.75 on Friday. The stock has a market cap of $50.95 billion and a price-to-earnings ratio of 85.96. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The stock has a 50 day moving average price of $195.92.
Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion for the quarter. Equities research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.
Analyst Ratings Changes
Several research firms have commented on HONA. Royal Bank Of Canada dropped their target price on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. UBS Group reduced their price target on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Argus initiated coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a "buy" rating and a $275.00 price target for the company. Melius Research upgraded shares of Honeywell Aerospace to a "strong-buy" rating in a research note on Monday, June 29th. Finally, 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 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $224.17.
Check Out Our Latest Stock Analysis on Honeywell Aerospace
Honeywell Aerospace Profile
(
Free Report)
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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