Honeywell Aerospace $HONA Stock Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Honeywell Aerospace stake by 56.6% in the third quarter, selling 6,209 shares and retaining 4,752 shares valued at approximately $736,000.
• HONA shares opened at $163.02, while analysts maintained a generally cautious outlook: five rated the stock Buy, eleven Hold and two Sell, producing an average price target of $201.93.
• Honeywell Aerospace faces securities class-action allegations related to undisclosed supplier constraints and a Justice Department inquiry; the claims remain unproven but could create legal, reputational and disclosure risks.

Assenagon Asset Management S.A. cut its stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) by 56.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,752 shares of the company's stock after selling 6,209 shares during the period. Assenagon Asset Management S.A.'s holdings in Honeywell Aerospace were worth $736,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HONA. BlackRock Inc. acquired a new position in Honeywell Aerospace during the second quarter worth $5,253,341,000. State Street Corp purchased a new stake in Honeywell Aerospace during the second quarter worth $2,945,044,000. Wellington Management Group LLP acquired a new stake in Honeywell Aerospace in the second quarter valued at $1,705,882,000. Bank of America Corp DE acquired a new stake in Honeywell Aerospace in the second quarter valued at $1,034,187,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Honeywell Aerospace in the second quarter valued at $644,412,000.

Honeywell Aerospace News Summary

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

• Positive Sentiment: Morgan Stanley issued a Buy rating on Honeywell Aerospace, reinforcing the bullish case for the newly spun-off aerospace company. A separate analysis highlights HONA’s potential for a post-spin-off valuation re-rating, supported by its high-margin business and comparison with GE Aerospace and RTX. Morgan Stanley Gives a Buy Rating to Honeywell Aerospace Honeywell Aerospace vs. GE and RTX
• Neutral Sentiment: The bullish thesis emphasizes HONA’s aerospace platform, profitability potential and valuation relative to peers. However, the company is still early in its post-spin-off trading history, making estimates and valuation comparisons subject to greater uncertainty. Honeywell Aerospace vs. GE and RTX
• Negative Sentiment: Multiple law firms publicized a pending securities class action involving investors who purchased HONA shares from June 29 through September 1, 2026. The complaints reportedly allege that Honeywell Aerospace failed to disclose supplier constraints that limited hundreds of millions of dollars in revenue output, as well as a Justice Department False Claims Act inquiry. These allegations have not been proven, but the litigation could create legal costs, reputational risk and uncertainty around prior disclosures. Investors were generally reminded of a November 23 lead-plaintiff deadline, while one notice cited an October 30 application deadline. Levi & Korsinsky HONA Deadline Notice Kirby McInerney HONA Lawsuit Notice

Honeywell Aerospace Stock Up 0.3%

Shares of NASDAQ HONA opened at $163.02 on Friday. Honeywell Aerospace has a 12 month low of $149.19 and a 12 month high of $297.50. The business's 50-day moving average price is $159.90.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion during the quarter. On average, research analysts predict that Honeywell Aerospace will post 7.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HONA shares. UBS Group cut 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. BMO Capital Markets boosted their price objective on shares of Honeywell Aerospace from $209.00 to $213.00 and gave the stock an "outperform" rating in a research report on Friday, October 2nd. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. Finally, Argus set a $210.00 price target on shares of Honeywell Aerospace in a research report on Friday, October 9th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $201.93.

About Honeywell Aerospace

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.

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.