Honeywell Aerospace (NASDAQ:HONA) Trading 3.7% Higher - Here's What Happened

Key Points

• Honeywell Aerospace shares rose 3.7% to $164.08 in mid-day trading, with volume about 14% above the average. The company has a market capitalization of approximately $52.01 billion and a P/E ratio of 87.74.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and an average price target of $221.54. Recent targets ranged from $210 to $255, while Weiss Ratings initiated coverage with a sell rating.
• Honeywell Aerospace reported quarterly revenue of $4.35 billion and EPS of $6.34 million as stated in the article; analysts expect full-year EPS of $7.75. Several institutional investors also initiated new positions during the second quarter.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) was up 3.7% during mid-day trading on Monday . The stock traded as high as $165.00 and last traded at $164.08. Approximately 4,090,505 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 3,576,827 shares. The stock had previously closed at $158.26.

Analysts Set New Price Targets

A number of research firms recently issued reports on HONA. Weiss Ratings assumed coverage on Honeywell Aerospace in a research report on Friday. They set a "sell (d)" rating for the company. Wolfe Research initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a "neutral" rating and a $255.00 target price on the stock. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a report on Thursday, August 6th. Finally, TD Cowen started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating and a $250.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $221.54.

Honeywell Aerospace Trading Up 3.7%

The business's 50 day simple moving average is $184.60. The firm has a market capitalization of $52.01 billion and a PE ratio of 87.74.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly 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 for the quarter. As a group, equities research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Institutional Trading of Honeywell Aerospace

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Smith Chas P & Associates PA Cpas bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $203,000. Marathon Wealth Advisors LLC bought a new stake in Honeywell Aerospace during the second quarter worth approximately $1,237,000. ABS Direct Equity Fund LLC bought a new stake in Honeywell Aerospace during the second quarter worth approximately $98,000. Bouchey Financial Group Ltd. bought a new stake in Honeywell Aerospace during the second quarter worth approximately $225,000. Finally, Miramontes Capital LLC acquired a new stake in Honeywell Aerospace in the second quarter worth approximately $481,000.

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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