Busey Bank Acquires 9,914 Shares of Honeywell Aerospace $HONA

Key Points

• Busey Bank acquired 9,914 Honeywell Aerospace shares in the third quarter, valued at approximately $1.54 million. Several other institutional investors also initiated or increased positions.
• Honeywell Aerospace reported third-quarter revenue of $4.64 billion and adjusted EPS of $2.21, beating the $1.90 analyst consensus. The company raised its full-year adjusted EPS outlook and declared its first quarterly dividend of $0.40 per share.
• Analyst sentiment remains mixed, with five Buy, eleven Hold, and two Sell ratings; the consensus rating is Hold with a $201.93 price target.

Busey Bank purchased a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,914 shares of the company's stock, valued at approximately $1,536,000.

Other hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. lifted its position in Honeywell Aerospace by 1.5% in the third quarter. Asset Management One Co. Ltd. now owns 138,489 shares of the company's stock valued at $21,462,000 after acquiring an additional 2,003 shares during the last quarter. MADDEN SECURITIES Corp acquired a new stake in shares of Honeywell Aerospace during the third quarter worth $243,000. Lynch Investment Planning LLC purchased a new stake in shares of Honeywell Aerospace in the third quarter valued at about $103,000. Latitude Advisors LLC purchased a new position in shares of Honeywell Aerospace during the 3rd quarter worth approximately $25,000. Finally, Autumn Glory Partners LLC grew its stake in shares of Honeywell Aerospace by 47.6% during the 3rd quarter. Autumn Glory Partners LLC now owns 9,260 shares of the company's stock worth $1,435,000 after purchasing an additional 2,988 shares during the period.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Melius Research set a $190.00 target price on Honeywell Aerospace in a report on Monday, September 14th. Evercore set a $210.00 price objective on Honeywell Aerospace in a report on Thursday, August 6th. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research note on Monday, August 10th. 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. Finally, Argus set a $210.00 price target on shares of Honeywell Aerospace in a research report on Friday, October 9th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $201.93.

Key Honeywell Aerospace News

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

• Positive Sentiment: Honeywell Aerospace reported third-quarter sales of approximately $4.6 billion, up 2% year over year, while net income rose to $726 million from $644 million. Adjusted EBIT reached $1.2 billion despite additional standalone-company costs. Honeywell Aerospace Logs Higher Third-Quarter Profit, Revenue on Continued Demand
• Positive Sentiment: Adjusted earnings per share came in at $2.21, exceeding the $1.90 analyst consensus by $0.31. Management raised its full-year 2026 pro forma standalone adjusted EPS outlook and increased its second-half free-cash-flow forecast, while maintaining its organic sales outlook and narrowing its adjusted EBIT range. Honeywell Aerospace Reports Third-Quarter Results
• Positive Sentiment: The board declared Honeywell Aerospace’s first quarterly dividend of $0.40 per share, payable December 4 to shareholders of record November 13. The inaugural payout signals a commitment to returning capital following the spinoff. Honeywell Aerospace Declares First Quarterly Cash Dividend
• Positive Sentiment: The company announced a $500 million, 300,000-square-foot manufacturing facility in Tempe, Arizona, expected to create about 600 jobs and expand capacity for commercial aviation and defense demand. Honeywell Aerospace to Build Arizona Manufacturing Facility

Honeywell Aerospace Stock Performance

HONA stock opened at $177.03 on Thursday. Honeywell Aerospace has a 12-month low of $149.19 and a 12-month high of $297.50. The firm's 50 day moving average price is $160.44. The firm has a market cap of $56.11 billion and a price-to-earnings ratio of 94.67.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.31. The business had revenue of $4.64 billion during the quarter. On average, equities research analysts forecast that Honeywell Aerospace will post 7.77 earnings per share for the current fiscal year.

About Honeywell Aerospace

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.

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