MidFirst Bank Makes New $5.69 Million Investment in Honeywell Aerospace $HONA

Key Points

• MidFirst Bank acquired a new Honeywell Aerospace position worth approximately $5.69 million, purchasing 25,397 shares in the second quarter. Several other institutional investors also initiated stakes.
• Honeywell Aerospace shares opened at $161.56, with a market capitalization of about $51.21 billion and a price-to-earnings ratio of 86.40. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year EPS of $7.75.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $224.17; recent targets range from $175 to $255.

MidFirst Bank purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,397 shares of the company's stock, valued at approximately $5,686,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SCS Capital Management LLC bought a new stake in shares of Honeywell Aerospace in the second quarter worth $1,821,000. SFE Investment Counsel bought a new position in Honeywell Aerospace in the second quarter valued at $2,981,000. Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at $8,809,000. IMC Chicago LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at $10,508,000. Finally, Baxter Bros Inc. bought a new stake in Honeywell Aerospace during the 2nd quarter worth about $4,946,000.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $161.56 on Tuesday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The firm has a market cap of $51.21 billion and a price-to-earnings ratio of 86.40.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly 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 during the quarter. Equities research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on HONA. BNP Paribas Exane reduced their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Wall Street Zen raised Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a report on Sunday, August 9th. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research report on Friday, July 10th. They set a "neutral" rating and a $255.00 price target for the company. Finally, Zacks Research upgraded Honeywell Aerospace to a "hold" rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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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