Americana Partners LLC Makes New $10.86 Million Investment in Honeywell Aerospace $HONA

Key Points

• Americana Partners invested approximately $10.86 million in Honeywell Aerospace during the third quarter by purchasing 70,075 shares. Several major institutions, including BlackRock and State Street, also established sizable positions.
• Honeywell Aerospace reported third-quarter revenue of $4.64 billion and adjusted EPS of $2.21, beating expectations, while backlog rose 12% to $19.3 billion. Management raised 2026 adjusted EPS guidance to $7.85–$8.00 and announced a first quarterly dividend of $0.40 per share.
• Despite strong results, shares have faced pressure from supplier constraints, modest adjusted EBIT growth and valuation concerns. Analysts have generally turned cautious, with a consensus “Hold” rating, a $196.80 average price target, and recent target-price cuts from several firms.

Americana Partners LLC purchased a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 70,075 shares of the company's stock, valued at approximately $10,860,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HONA. BlackRock Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth about $5,253,341,000. State Street Corp purchased a new position in Honeywell Aerospace during the 2nd quarter valued at about $2,945,044,000. Wellington Management Group LLP bought a new stake in shares of Honeywell Aerospace during the second quarter valued at about $1,705,882,000. Bank of America Corp DE bought a new stake in shares of Honeywell Aerospace during the second quarter valued at about $1,034,187,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Honeywell Aerospace during the second quarter valued at about $644,412,000.

Honeywell Aerospace News Summary

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

• Positive Sentiment: Honeywell Aerospace reported third-quarter revenue of approximately $4.6 billion, a 2% year-over-year increase, and adjusted EPS of $2.21, exceeding the $1.90 consensus estimate. Backlog grew 12% to $19.3 billion, supporting longer-term demand. Honeywell Aerospace Q3 Earnings Beat Estimates
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $7.85-$8.00, above the $7.77 analyst consensus, and expects stronger production growth in 2027. HONA Q3 Earnings Call Highlights
• Positive Sentiment: The company announced its first quarterly dividend of $0.40 per share and plans a roughly $500 million manufacturing expansion in Tempe, Arizona, providing shareholder returns and potential capacity growth. Honeywell Aerospace Dividend and Tempe Expansion
• Neutral Sentiment: Several law firms are publicizing a securities class-action lawsuit involving investors who purchased HONA between June 29 and September 1, with a November 23 lead-plaintiff deadline. These notices largely repeat existing information and do not establish wrongdoing, but they add headline risk. HONA Class Action Notice
• Negative Sentiment: BMO Capital Markets downgraded HONA from “outperform” to “market perform” and cut its price target to $181 from $213. JPMorgan also reduced its target to $210 from $235 and maintained a neutral rating, reinforcing investor caution. BMO Capital Markets Recommendation
• Negative Sentiment: Adjusted EBIT rose only 1%, while mechanical supplier constraints continue to limit deliveries. Tariff refunds, deal timing and higher standalone costs—including interest and separation expenses—also made the quarterly profit quality appear less robust. With HONA trading at a high earnings multiple, investors appear to be demanding faster growth than the company currently forecasts. Why Honeywell Aerospace Stock Fell

Analyst Ratings Changes

A number of research firms have recently commented on HONA. TD Cowen cut their price objective on shares of Honeywell Aerospace from $180.00 to $170.00 and set a "hold" rating for the company in a research report on Friday, October 9th. Weiss Ratings began coverage on shares of Honeywell Aerospace in a report on Friday, September 11th. They set a "sell (d)" rating on the stock. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Zacks Research downgraded shares of Honeywell Aerospace from a "hold" rating to a "strong sell" rating in a report on Monday, September 14th. Finally, Argus set a $210.00 price target on shares of Honeywell Aerospace in a research report on Friday, October 9th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $196.80.

Honeywell Aerospace Trading Down 3.7%

Shares of HONA opened at $154.15 on Friday. The company has a market cap of $48.87 billion and a P/E ratio of 82.43. The firm's 50-day simple moving average is $159.99. Honeywell Aerospace has a 12-month low of $149.19 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.90 by $0.31. The business had revenue of $4.64 billion for the quarter. On average, equities research analysts expect that Honeywell Aerospace will post 7.90 EPS for the current year.

Honeywell Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 13th. This represents a $1.60 annualized dividend and a yield of 1.0%.

Honeywell Aerospace Profile

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.

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.