Brasada Capital Management LP acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,341 shares of the company's stock, valued at approximately $2,987,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter worth $29,000. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $40,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $47,000.
Honeywell Aerospace Stock Performance
Honeywell Aerospace stock opened at $160.75 on Friday. The business's 50-day simple moving average is $195.92. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The firm 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 quarterly earnings data 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 expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on HONA shares. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a report on Monday, August 10th. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research note on Sunday, August 9th. Argus started coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They set a "buy" rating and a $275.00 price target for the company. TD Cowen began coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a "hold" rating and a $250.00 price target for the company. Finally, Zacks Research raised shares of Honeywell Aerospace to a "hold" rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $224.17.
Check Out Our Latest Analysis on HONA
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.
See Also
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