Camarda Financial Advisors LLC Takes $2.02 Million Position in Honeywell Aerospace $HONA

Key Points

• Camarda Financial Advisors acquired 9,117 Honeywell Aerospace shares in the second quarter, representing a new position valued at approximately $2.02 million.
• Analysts maintain a cautious outlook, with a consensus “Hold” rating and an average price target of $224.17; several firms recently lowered their targets to between $210 and $213.
• HONA shares opened at $160.75, down 2.0%, and remain well below their 12-month high of $297.50. The company reported $4.35 billion in quarterly revenue, while analysts expect $7.75 in fiscal-year EPS.

Camarda Financial Advisors LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 9,117 shares of the company's stock, valued at approximately $2,016,000.

A number of other hedge funds have also bought and sold shares of HONA. Meeder Asset Management Inc. purchased a new position in Honeywell Aerospace in the second quarter worth $29,000. Bell Investment Advisors Inc purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $29,000. Strategic Wealth Advisors LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $40,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $47,000.

Wall Street Analysts Forecast Growth

HONA has been the subject of a number of research analyst reports. Wolfe Research began coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a "hold" rating for the company. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a "neutral" rating and a $255.00 target price for the company. Vertical Research began coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set a "hold" rating and a $243.00 price target for the company. BNP Paribas Exane lowered their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. Finally, UBS Group dropped their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace Stock Down 2.0%

Shares of HONA stock opened at $160.75 on Friday. The stock has a market cap of $50.95 billion and a PE ratio of 85.96. The company's 50 day simple moving average is $195.92. 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 released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. On average, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Honeywell Aerospace 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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