Camarda Financial Advisors LLC Takes $2.07 Million Position in Honeywell Aerospace $HONA

Key Points

• Camarda Financial Advisors acquired 9,232 Honeywell Aerospace shares worth approximately $2.07 million in the second quarter, joining several other institutions that initiated positions.
• Honeywell Aerospace reported quarterly revenue of $4.35 billion, while analysts expect full-year earnings per share of $7.75.
• HONA opened at $160.75, well below its 52-week high of $297.50. Analysts maintain a consensus “Hold” rating with an average price target of $224.17.

Camarda Financial Advisors LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,232 shares of the company's stock, valued at approximately $2,067,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dearborn Partners LLC acquired a new position in Honeywell Aerospace during the 2nd quarter valued at approximately $655,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth about $231,000. Brooks Moore & Associates Inc. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth about $2,185,000. Bank OZK bought a new position in Honeywell Aerospace in the 2nd quarter worth about $259,000. Finally, Hayek Kallen Investment Management bought a new position in Honeywell Aerospace in the 2nd quarter worth about $244,000.

Honeywell Aerospace Stock Performance

Honeywell Aerospace stock opened at $160.75 on Friday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a market cap of $50.95 billion and a PE ratio of 85.96. The firm's 50-day moving average is $195.92.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly earnings results 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. On average, equities research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HONA. Zacks Research raised Honeywell Aerospace to a "hold" rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a "neutral" rating and a $255.00 price objective for the company. Wall Street Zen raised Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research note on Monday, August 10th. Finally, Evercore set a $210.00 price target on Honeywell Aerospace in a research report on Thursday, August 6th. One equities research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $224.17.

About Honeywell Aerospace

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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