Jupiter Topco LLC Acquires Shares of 93,746 Honeywell Aerospace $HONA

Key Points

• Jupiter Topco LLC acquired 93,746 Honeywell Aerospace shares in the second quarter, valued at approximately $20.7 million. Several other institutional investors also initiated positions.
• Honeywell Aerospace reported quarterly revenue of $4.35 billion and earnings per share of $6.34 million, while analysts expect full-year EPS of 7.75.
• HONA shares opened at $162.37, well below the analyst consensus price target of $224.17. Despite one Strong Buy and five Buy ratings, the overall analyst consensus remains Hold.

Jupiter Topco LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 93,746 shares of the company's stock, valued at approximately $20,704,000.

Several other large investors also recently modified their holdings of HONA. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the second quarter valued at about $29,000. Bell Investment Advisors Inc bought a new stake in Honeywell Aerospace during the second quarter worth about $29,000. Strategic Wealth Advisors LLC acquired a new stake in Honeywell Aerospace during the second quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Honeywell Aerospace during the second quarter worth about $40,000. Finally, Gables Capital Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter valued at about $47,000.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $162.37 on Friday. The firm has a market capitalization of $51.46 billion and a P/E ratio of 86.83. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The business's 50-day simple moving average is $195.14.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Melius Research upgraded shares of Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research report on Monday, August 10th. UBS Group decreased their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research report on Sunday, August 9th. Finally, Argus began coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They set a "buy" rating and a $275.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $224.17.

About Honeywell Aerospace

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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