Honeywell Aerospace $HONA Shares Newly Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management bought 26,840 Honeywell Aerospace shares in the second quarter, valued at approximately $5.9 million. Major institutions including BlackRock, State Street and Wellington also established new positions.
• Honeywell Aerospace shares opened at $158.46, near their 52-week low of $149.19 and well below the $297.50 high. Analysts have an average “Hold” rating and a consensus price target of $219.29.
• The company reported $4.35 billion in quarterly revenue, while analysts expect full-year earnings of $7.75 per share. Recent contract wins support its aftermarket and defense businesses, but securities-class-action allegations and supply-chain concerns add legal and operational uncertainty.

QRG Capital Management Inc. bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 26,840 shares of the company's stock, valued at approximately $5,934,000.

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $5,253,341,000. State Street Corp bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $2,945,044,000. Wellington Management Group LLP bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $1,705,882,000. Bank of America Corp DE purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $1,034,187,000. Finally, Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $644,412,000.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock opened at $158.46 on Friday. The stock has a market cap of $50.22 billion and a P/E ratio of 84.74. The stock has a 50 day moving average price of $174.40. Honeywell Aerospace has a 52-week low of $149.19 and a 52-week high of $297.50.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Weiss Ratings assumed coverage on shares of Honeywell Aerospace in a research note on Friday, September 11th. They issued a "sell (d)" rating for the company. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. TD Cowen assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating and a $250.00 price target on the stock. BMO Capital Markets reduced 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. Finally, Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $219.29.

More Honeywell Aerospace News

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

• Positive Sentiment: Honeywell Aerospace won a contract to provide Garuda Indonesia with auxiliary power unit maintenance support, while also unveiling a cooling-system upgrade for the F-35 program. These developments support the company’s aftermarket and defense businesses. Honeywell Aerospace lands Garuda maintenance deal and unveils F-35 cooling upgrade
• Neutral Sentiment: Multiple law firms announced or publicized the same securities class action against Honeywell Aerospace. Investors who purchased shares between June 29 and September 1, 2026, generally have until November 23, 2026, to seek appointment as lead plaintiff. The announcements do not represent a finding of wrongdoing by the company. Securities class action filed against Honeywell Aerospace
• Negative Sentiment: The legal overhang is tied to allegations that Honeywell Aerospace misled investors about its business outlook, including the effect of supply constraints at a small group of suppliers and their potential impact on sales and profitability. One complaint also alleges the company faced scrutiny over possible False Claims Act violations related to cybersecurity requirements in government contracts. Honeywell Aerospace investor alert and class action lawsuit
• Negative Sentiment: Investor-rights firms said the lawsuit followed a sharp stock decline attributed to disappointing second-quarter financial results and unexpected supply-chain headwinds. Continued legal notices may increase uncertainty around Honeywell Aerospace’s earnings outlook, potential liabilities, and management credibility. Hagens Berman Honeywell Aerospace investor alert

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.

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.