North Dakota State Investment Board Buys 9,719 Shares of Honeywell Aerospace $HONA

Key Points

• North Dakota State Investment Board acquired 9,719 Honeywell Aerospace shares worth approximately $1.5 million, joining several other institutional investors that recently initiated positions.
• Honeywell Aerospace reported strong third-quarter results, with $4.64 billion in revenue and adjusted EPS of $2.21 versus the $1.90 consensus estimate. Management raised fiscal 2026 adjusted EPS guidance to $7.85–$8.00 and announced a first quarterly dividend of $0.40 per share.
• Analyst sentiment remains cautious: BMO downgraded the stock to “market perform,” JPMorgan cut its price target to $210, and the consensus rating is “Hold” with a $196.80 target. Shares opened at $154.15, while supplier constraints and a high valuation continue to weigh on investor confidence.

North Dakota State Investment Board bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,719 shares of the company's stock, valued at approximately $1,506,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $25,000. Latitude Advisors LLC acquired a new position in shares of Honeywell Aerospace in the 3rd quarter valued at about $25,000. Leo H. Evart Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $26,000. Outlook Capital Management LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $26,000. Finally, Security National Bank of SO Dak purchased a new stake in shares of Honeywell Aerospace in the second quarter worth about $27,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on HONA. Evercore set a $210.00 target price on Honeywell Aerospace in a report on Thursday, August 6th. JPMorgan Chase & Co. decreased their price target on Honeywell Aerospace from $235.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday. BMO Capital Markets downgraded Honeywell Aerospace from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $213.00 to $181.00 in a report on Friday. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research report on Monday, August 10th. Finally, The Goldman Sachs Group initiated coverage on shares of Honeywell Aerospace in a research note on Wednesday, October 7th. They set a "neutral" rating and a $190.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $196.80.

Honeywell Aerospace News Summary

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 Stock Down 3.7%

NASDAQ HONA opened at $154.15 on Friday. The firm has a market cap of $48.87 billion and a PE ratio of 82.43. The business 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 issued its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.90 by $0.31. The business had revenue of $4.64 billion during the quarter. As a group, equities analysts anticipate that Honeywell Aerospace will post 7.90 EPS for the current fiscal year.

Honeywell Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders 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 dividend yield of 1.0%.

Honeywell Aerospace 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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