Covington Investment Advisors Inc. acquired a new stake in shares of 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. The firm acquired 17,262 shares of the company's stock, valued at approximately $4,419,000.
Several other hedge funds also recently made changes to their positions in the business. Hardy Reed LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $1,151,000. Plan Group Financial LLC bought a new stake in Honeywell Aerospace during the second quarter worth approximately $270,000. Mill Capital Management LLC acquired a new position in Honeywell Aerospace in the second quarter worth approximately $419,000. Bryn Mawr Trust Advisors LLC acquired a new position in Honeywell Aerospace in the second quarter worth approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Honeywell Aerospace in the second quarter valued at $8,809,000.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Melius Research upgraded Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. Vertical Research initiated coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 target price on the stock. Wall Street Zen raised Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a "neutral" rating and a $255.00 target price for the company. Finally, BMO Capital Markets decreased their price target on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a research report on Monday, August 10th. One 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $224.17.
View Our Latest Analysis on HONA
Honeywell Aerospace Price Performance
HONA stock opened at $158.11 on Tuesday. The firm has a market capitalization of $50.11 billion and a price-to-earnings ratio of 84.55. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The company's 50 day moving average price is $194.29.
Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. Equities research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.
About Honeywell Aerospace
(
Free Report)
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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