Honeywell Aerospace $HONA Shares Newly Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 28,842 Honeywell Aerospace shares in the third quarter, valued at approximately $4.47 million, while several other institutional investors also initiated positions.
• Honeywell Aerospace reported third-quarter EPS of $2.21, beating the $1.90 consensus estimate, on revenue of $4.64 billion. The company also raised fiscal 2026 EPS guidance and announced its first quarterly dividend of $0.40 per share.
• Despite strong earnings and a growing backlog, analysts remain cautious: BMO downgraded the stock to “market perform,” multiple firms cut price targets, and supplier constraints and a high valuation continue to weigh on investor sentiment.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 28,842 shares of the company's stock, valued at approximately $4,470,000.

Other institutional investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $25,000. Leo H. Evart Inc. bought a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $26,000. Outlook Capital Management LLC acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $26,000. Security National Bank of SO Dak acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $27,000. Finally, Cherry Tree Wealth Management LLC acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $28,000.

Honeywell Aerospace Price Performance

NASDAQ:HONA opened at $154.15 on Monday. The firm has a market capitalization of $48.87 billion and a price-to-earnings ratio of 82.43. The company has a 50-day simple moving average of $159.99. Honeywell Aerospace has a twelve month low of $149.19 and a twelve month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.31. The company had revenue of $4.64 billion for the quarter. As a group, sell-side analysts anticipate that Honeywell Aerospace will post 7.90 EPS for the current fiscal year.

Honeywell Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BMO Capital Markets cut Honeywell Aerospace from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $213.00 to $181.00 in a report on Friday. BNP Paribas Exane cut their target price on Honeywell Aerospace from $210.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, October 6th. JPMorgan Chase & Co. reduced their target price on Honeywell Aerospace from $235.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday. Argus set a $210.00 price target on Honeywell Aerospace in a research report on Friday, October 9th. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Honeywell Aerospace in a research note on Monday. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Honeywell Aerospace currently has an average rating of "Hold" and an average price target of $196.80.

Honeywell Aerospace News Roundup

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Honeywell Aerospace reported third-quarter revenue of approximately $4.6 billion, a 2% year-over-year increase, and adjusted EPS of $2.21, exceeding the $1.90 consensus estimate. Backlog grew 12% to $19.3 billion, supporting longer-term demand. Honeywell Aerospace Q3 Earnings Beat Estimates
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $7.85-$8.00, above the $7.77 analyst consensus, and expects stronger production growth in 2027. HONA Q3 Earnings Call Highlights
• Positive Sentiment: The company announced its first quarterly dividend of $0.40 per share and plans a roughly $500 million manufacturing expansion in Tempe, Arizona, providing shareholder returns and potential capacity growth. Honeywell Aerospace Dividend and Tempe Expansion
• Neutral Sentiment: Several law firms are publicizing a securities class-action lawsuit involving investors who purchased HONA between June 29 and September 1, with a November 23 lead-plaintiff deadline. These notices largely repeat existing information and do not establish wrongdoing, but they add headline risk. HONA Class Action Notice
• Negative Sentiment: BMO Capital Markets downgraded HONA from “outperform” to “market perform” and cut its price target to $181 from $213. JPMorgan also reduced its target to $210 from $235 and maintained a neutral rating, reinforcing investor caution. BMO Capital Markets Recommendation
• Negative Sentiment: Adjusted EBIT rose only 1%, while mechanical supplier constraints continue to limit deliveries. Tariff refunds, deal timing and higher standalone costs—including interest and separation expenses—also made the quarterly profit quality appear less robust. With HONA trading at a high earnings multiple, investors appear to be demanding faster growth than the company currently forecasts. Why Honeywell Aerospace Stock Fell

Honeywell Aerospace Company Profile

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.

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