Nykredit A S Invests $16.63 Million in Honeywell Aerospace $HONA

Key Points

• Nykredit A/S purchased 75,260 Honeywell Aerospace shares worth approximately $16.63 million during the second quarter, joining several other institutional investors that initiated positions.
• Honeywell Aerospace reported quarterly revenue of $4.35 billion and analysts expect full-year EPS of $7.75. The stock opened at $163.60, with a 12-month range of $149.19 to $297.50.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $219.29; recent coverage includes both positive outlooks and downgrades, while aerospace supply constraints remain a concern.

Nykredit A S purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 75,260 shares of the company's stock, valued at approximately $16,634,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HONA. Parkside Financial Bank & Trust purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $448,000. MLG Wealth Management DBA Pine Grove Financial Group bought a new position in Honeywell Aerospace in the second quarter worth approximately $426,000. Allianz Asset Management GmbH purchased a new stake in Honeywell Aerospace during the second quarter worth $9,121,000. Brown Lisle Cummings Inc. purchased a new stake in Honeywell Aerospace during the second quarter worth $1,819,000. Finally, Corient Private Wealth LP bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $49,860,000.

Honeywell Aerospace News Roundup

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

• Positive Sentiment: Susquehanna initiated coverage of Honeywell Aerospace with a positive rating, providing new analyst support for the stock and signaling confidence in its aerospace-market outlook. Susquehanna Initiates Coverage of Honeywell Aerospace at Positive
• Positive Sentiment: A bullish Seeking Alpha analysis argued that Honeywell Aerospace’s current headwinds should be temporary, supporting the case that production growth, demand and longer-term fundamentals could improve. Honeywell Aerospace: Strong Buy As Headwinds Should Be Temporary
• Positive Sentiment: Saudi Arabia’s potential $5.75 billion in arms purchases could benefit aerospace and defense suppliers, including Honeywell Aerospace, although the company’s actual share of any contracts remains uncertain. Saudi Arabia’s $5.75 Billion Potential Arms Sales
• Neutral Sentiment: CEO Jim Currier called GE Aerospace’s planned $11.75 billion acquisition of Consolidated Precision Products positive for the broader industry. However, Honeywell does not directly compete with CPP, and persistent aerospace supply constraints remain a concern. Honeywell CEO Calls GE-CPP Deal Positive Amid Persistent Supply Constraints
• Negative Sentiment: A recent analyst downgrade pressured the shares and likely heightened concerns about valuation, near-term growth or aerospace supply-chain execution. Honeywell Aerospace Stock Price Down After Analyst Downgrade
• Negative Sentiment: Jim Cramer said he could not “counsel owning” Honeywell Aerospace, adding prominent negative commentary and reinforcing short-term investor caution. Jim Cramer Says He Can’t Counsel Owning Honeywell Aerospace

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $163.60 on Friday. Honeywell Aerospace has a twelve month low of $149.19 and a twelve month high of $297.50. The stock has a market cap of $51.85 billion and a P/E ratio of 87.49. The stock's 50 day moving average is $178.07.

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 (EPS) for the quarter. The company had revenue of $4.35 billion during the quarter. As a group, research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HONA shares. Evercore set a $210.00 price target on Honeywell Aerospace in a report on Thursday, August 6th. BNP Paribas Exane decreased their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Zacks Research downgraded Honeywell Aerospace from a "hold" rating to a "strong sell" rating in a research report on Monday, September 14th. Wolfe Research began coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating for the company. Finally, Vertical Research began coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a "hold" rating and a $243.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Honeywell Aerospace has a consensus rating of "Hold" and an average target price of $219.29.

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.

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