Bill Few Associates Inc. Purchases New Shares in Honeywell Aerospace $HONA

Key Points

• Bill Few Associates acquired 8,691 Honeywell Aerospace shares during the third quarter, valued at approximately $1.35 million. Other institutional investors also increased or initiated positions.
• HONA shares rose 2.6% to $157.94, while analysts maintained a consensus “Hold” rating and an average price target of $207.67; the company’s market capitalization was about $50.1 billion.
• Investor sentiment remains mixed, with reported increases in short interest, several price-target reductions, and a securities class action involving alleged disclosures about potential government enforcement and a cybersecurity inquiry.

Bill Few Associates Inc. acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,691 shares of the company's stock, valued at approximately $1,347,000.

Other institutional investors have also made changes to their positions in the company. Acropolis Investment Management LLC grew its holdings in Honeywell Aerospace by 10.0% during the 3rd quarter. Acropolis Investment Management LLC now owns 838 shares of the company's stock valued at $130,000 after purchasing an additional 76 shares in the last quarter. Gradient Investments LLC boosted its position in Honeywell Aerospace by 5.4% in the 3rd quarter. Gradient Investments LLC now owns 1,748 shares of the company's stock valued at $271,000 after buying an additional 90 shares during the last quarter. Ameliora Wealth Management Ltd. purchased a new position in Honeywell Aerospace in the 2nd quarter valued at about $25,000. Leo H. Evart Inc. acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at about $26,000. Finally, Outlook Capital Management LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $26,000.

Honeywell Aerospace Stock Up 2.6%

Shares of HONA stock traded up $3.93 on Friday, hitting $157.94. 2,937,179 shares of the stock traded hands, compared to its average volume of 3,631,761. The stock's fifty day moving average is $164.25. Honeywell Aerospace has a 1-year low of $149.19 and a 1-year high of $297.50. The company has a market cap of $50.06 billion and a P/E ratio of 84.46.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion during the quarter. On average, analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Honeywell Aerospace News Roundup

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

• Positive Sentiment: Analyst estimates imply potential upside. The reported average price target is $217.33, while Goldman Sachs initiated coverage with a Neutral rating and a $190 target, representing longer-term upside from recent levels. Goldman cited strong long-term potential, although it sees limited near-term upside. Honeywell Aerospace Stock Has Average Price Target of $217.33 According to Analysts Goldman Sachs Reiterates Hold on Honeywell Aerospace
• Neutral Sentiment: TD Cowen lowered its price target to $170 from $180, signaling reduced expectations but still leaving the target above the recent share price. The move adds to evidence that analysts see some valuation support, while remaining cautious about near-term performance. TD Cowen Adjusts Price Target on Honeywell Aerospace
• Neutral Sentiment: Short-interest data is inconsistent. One report shows short interest rose 61.9% to 8.6 million shares as of September 30, equal to 2.7% of shares outstanding and 1.9 days to cover, while another reports zero shares short as of October 9. The apparent discrepancy limits the usefulness of the latest figure, but the September increase suggests growing bearish positioning and possible volatility.
• Negative Sentiment: Several law firms publicized a securities class action covering investors who purchased HONA between June 29 and September 1, with a November 23 lead-plaintiff deadline. The allegations reportedly involve disclosures concerning potential False Claims Act enforcement and a Justice Department cybersecurity inquiry; these claims have not been proven. The litigation creates legal costs, headline risk and potential reputational damage. Kaplan Fox Announces Securities Class Action
• Negative Sentiment: Jim Cramer criticized Honeywell Aerospace’s management credibility, adding to investor concerns about leadership and disclosure quality. Such commentary is subjective but may reinforce the negative sentiment surrounding the company. Honeywell Aerospace’s Valuation Tells Only Part of the Story for Jim Cramer

Analysts Set New Price Targets

Several research firms recently commented on HONA. BNP Paribas Exane cut their price target on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Argus set a $210.00 price objective on Honeywell Aerospace in a report on Friday. Vertical Research initiated coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 target price on the stock. Weiss Ratings assumed coverage on Honeywell Aerospace in a research note on Friday, September 11th. They set a "sell (d)" rating for the company. Finally, TD Cowen dropped their price target on shares of Honeywell Aerospace from $180.00 to $170.00 and set a "hold" rating for the company in a research note on Friday. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $207.67.

About Honeywell Aerospace

Honeywell Aerospace is an aerospace and defense technology company that develops systems and equipment for commercial aircraft, business and general aviation, military platforms, and spacecraft. Its portfolio includes aircraft engines and propulsion systems, auxiliary power units, avionics, flight controls, environmental control systems, electrical power systems, landing systems, communications technology, and aircraft safety products.

The company also provides software, connected-aircraft technologies, maintenance, repair and overhaul services, spare parts, upgrades, and other aftermarket support.

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