Tribune Investment Group LP Makes New $3.98 Million Investment in Honeywell Aerospace $HONA

Key Points

• Tribune Investment Group LP acquired 17,800 Honeywell Aerospace shares worth approximately $3.98 million, making HONA 1.6% of its portfolio and its 19th-largest position.
• Several other institutional investors also initiated positions during the second quarter, including Oppenheimer Asset Management, which invested approximately $8.81 million.
• HONA shares opened at $161.20, down 2.1%, while analysts maintained a consensus “Hold” rating with an average price target of $224.17.

Tribune Investment Group LP acquired a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,800 shares of the company's stock, valued at approximately $3,985,000. Honeywell Aerospace comprises 1.6% of Tribune Investment Group LP's portfolio, making the stock its 19th biggest position.

Other institutional investors also recently made changes to their positions in the company. Hardy Reed LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $1,151,000. Plan Group Financial LLC bought a new stake in Honeywell Aerospace in the second quarter worth $270,000. Mill Capital Management LLC purchased a new stake in Honeywell Aerospace during the second quarter valued at about $419,000. Bryn Mawr Trust Advisors LLC purchased a new stake in Honeywell Aerospace during the second quarter valued at about $1,301,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Honeywell Aerospace during the second quarter valued at about $8,809,000.

Honeywell Aerospace Stock Down 2.1%

Shares of NASDAQ:HONA opened at $161.20 on Tuesday. The stock has a market cap of $51.09 billion and a PE ratio of 86.20. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.

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

Analysts Set New Price Targets

Several research firms have recently commented on HONA. TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating and a $250.00 price objective on the stock. Argus began coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a "buy" rating and a $275.00 target price for the company. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research report on Sunday, August 9th. Wolfe Research began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating on the stock. Finally, JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a "neutral" rating and a $255.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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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