Coastal Bridge Advisors LLC Purchases Shares of 35,318 Honeywell Aerospace $HONA

Key Points

• Coastal Bridge Advisors purchased 35,318 Honeywell Aerospace shares during the second quarter, valued at approximately $7.9 million. Several other institutional investors also initiated positions in the company.
• Honeywell Aerospace shares opened at $160.75, with a market capitalization of approximately $50.95 billion and a 12-month trading range of $150.03 to $297.50.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $224.17; recent targets range from $210 to $275.

Coastal Bridge Advisors LLC purchased a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 35,318 shares of the company's stock, valued at approximately $7,908,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. purchased a new position in Honeywell Aerospace in the second quarter worth $47,000.

Honeywell Aerospace Stock Down 2.0%

NASDAQ:HONA opened at $160.75 on Friday. The firm has a market capitalization of $50.95 billion and a P/E ratio of 85.96. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The business's fifty day moving average is $195.92.

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

Analyst Ratings Changes

HONA has been the topic of a number of recent analyst reports. Wall Street Zen raised Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. Argus assumed coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a "buy" rating and a $275.00 price objective for the company. Evercore set a $210.00 target price on Honeywell Aerospace in a research note on Thursday, August 6th. Vertical Research began coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a "hold" rating and a $243.00 target price on the stock. Finally, UBS Group decreased their price target on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Honeywell Aerospace has a consensus rating of "Hold" and a consensus price target of $224.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source