32,826 Shares in Honeywell Aerospace $HONA Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group acquired 32,826 shares of Honeywell Aerospace in the second quarter, valued at approximately $7.26 million. Several other institutional investors also initiated positions, including Oppenheimer Asset Management with an $8.81 million stake.
• Honeywell Aerospace shares were trading at $160.75, down 2%, with a market capitalization of $50.95 billion. The stock has declined from its 12-month high of $297.50 and trades at a price-to-earnings ratio of 85.96.
• Analysts maintain a generally cautious outlook, with an average “Hold” rating and a $224.17 price target. Recent targets include $210 from Evercore, $250 from TD Cowen, and $213 from UBS.

Jefferies Financial Group Inc. purchased a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 32,826 shares of the company's stock, valued at approximately $7,257,000.

Several other large investors also recently bought and sold shares of HONA. Hardy Reed LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $1,151,000. Plan Group Financial LLC purchased a new position in shares of Honeywell Aerospace in the second quarter valued at $270,000. Mill Capital Management LLC purchased a new position in shares of Honeywell Aerospace in the second quarter valued at $419,000. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Honeywell Aerospace in the second quarter valued at $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $8,809,000.

Honeywell Aerospace Trading Down 2.0%

Shares of NASDAQ:HONA opened at $160.75 on Friday. The stock has a fifty day moving average of $195.92. The company has a market capitalization of $50.95 billion and a price-to-earnings ratio of 85.96. 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 posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion for the quarter. As a group, analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. Zacks Research raised Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. TD Cowen assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating and a $250.00 price target on the stock. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace Company 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.

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