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Honeywell Aerospace (NASDAQ:HONA) Stock Sees Heavy Call Option Buying

Honeywell Aerospace logo with Industrials background
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Key Points

  • Investors bought 30,395 call options on Honeywell Aerospace, about 909% above the typical volume of 3,013.
  • Shares rose $2.80 to $152.39 Friday. The company reported quarterly EPS of $2.21, beating the $1.90 consensus estimate, on revenue of $4.64 billion.
  • Analysts’ consensus rating is Hold, with an average price target of $196.47. A securities class action has also been publicized, alleging investors were not informed about supplier bottlenecks and a pending inquiry; the claims are allegations, not findings.
  • Five stocks to consider instead of Honeywell Aerospace.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) was the recipient of unusually large options trading on Friday. Investors bought 30,395 call options on the company. This represents an increase of approximately 909% compared to the typical volume of 3,013 call options.

More Honeywell Aerospace News

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

Honeywell Aerospace Stock Performance

Shares of HONA traded up $2.80 during mid-day trading on Friday, reaching $152.39. 596,063 shares of the company's stock traded hands, compared to its average volume of 3,566,958. The stock has a market capitalization of $48.31 billion and a PE ratio of 81.56. The firm's 50-day moving average is $159.41. Honeywell Aerospace has a 12 month low of $147.40 and a 12 month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.31. The business had revenue of $4.64 billion for the quarter. As a group, equities research analysts forecast that Honeywell Aerospace will post 7.93 EPS for the current year.

Honeywell Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 13th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Eurizon Capital SGR S.p.A. grew its stake in Honeywell Aerospace by 0.7% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 572,344 shares of the company's stock worth $88,755,000 after purchasing an additional 3,990 shares in the last quarter. Nan Fung Trinity HK Ltd. acquired a new stake in shares of Honeywell Aerospace during the 3rd quarter worth about $13,668,000. Three Bridge Wealth Advisors LLC purchased a new stake in Honeywell Aerospace during the third quarter worth approximately $234,000. Maryland State Retirement & Pension System purchased a new stake in Honeywell Aerospace during the third quarter worth approximately $3,071,000. Finally, Renasant Bank acquired a new position in Honeywell Aerospace in the third quarter valued at approximately $341,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HONA shares. TD Cowen decreased their price target on Honeywell Aerospace from $180.00 to $170.00 and set a "hold" rating on the stock in a report on Friday, October 9th. BNP Paribas Exane lowered their price target on Honeywell Aerospace from $210.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, October 6th. Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. UBS Group cut 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 report on Thursday, August 6th. Finally, Argus set a $210.00 target price on shares of Honeywell Aerospace in a research note on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $196.47.

Get Our Latest Stock Analysis on HONA

About Honeywell Aerospace

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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