Capital Analysts LLC Purchases Shares of 7,626 Honeywell Aerospace $HONA

Key Points

• Capital Analysts LLC initiated a Honeywell Aerospace position by purchasing 7,626 shares valued at approximately $1.69 million in the second quarter.
• Several other investment firms also opened new positions, while Honeywell Aerospace shares opened at $153.75, near their 12-month low of $149.19 and well below the 50-day moving average of $186.38.
• Analysts maintain a consensus “Hold” rating with an average price target of $224.17, although BNP Paribas Exane recently cut its target to $210.00.

Capital Analysts LLC purchased a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,626 shares of the company's stock, valued at approximately $1,686,000.

A number of other large investors have also modified their holdings of the stock. Ameliora Wealth Management Ltd. purchased a new position in Honeywell Aerospace in the second quarter valued at $25,000. Leo H. Evart Inc. purchased a new stake in Honeywell Aerospace during the 2nd quarter worth about $26,000. Outlook Capital Management LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter worth about $26,000. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Finally, Meeder Asset Management Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $29,000.

Honeywell Aerospace Price Performance

NASDAQ HONA opened at $153.75 on Friday. The firm has a fifty day moving average of $186.38. The stock has a market cap of $48.73 billion and a P/E ratio of 82.22. Honeywell Aerospace has a 12 month low of $149.19 and a 12 month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion for the quarter. As a group, equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. BNP Paribas Exane lowered their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Wolfe Research started coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a "hold" rating for the company. Vertical Research began coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 price objective on the stock. Finally, Zacks Research upgraded shares of Honeywell Aerospace to a "hold" rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $224.17.

About Honeywell Aerospace

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.

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