Honeywell Aerospace Target of Unusually High Options Trading (NASDAQ:HONA)

Honeywell Aerospace (NASDAQ:HONA) saw some unusual options trading activity on Wednesday. Investors acquired 30,714 call options on the stock. This represents an increase of 1,045% compared to the typical volume of 2,683 call options.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HONA. BNP Paribas Exane reduced their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Royal Bank Of Canada dropped their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research report on Wednesday, August 19th. Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target for the company. Finally, TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Honeywell Aerospace presently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Trading Up 1.9%

Shares of NASDAQ HONA traded up $3.05 during midday trading on Wednesday, reaching $163.41. The company had a trading volume of 2,261,577 shares, compared to its average volume of 3,608,746. The stock has a market cap of $51.79 billion and a P/E ratio of 87.39. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The company had revenue of $4.35 billion for the quarter. As a group, sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HONA. Ameliora Wealth Management Ltd. purchased a new position in shares of Honeywell Aerospace in the second quarter worth about $25,000. Leo H. Evart Inc. purchased a new stake in Honeywell Aerospace in the second quarter valued at approximately $26,000. Outlook Capital Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter worth approximately $26,000. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Finally, Strategic Wealth Advisors LLC purchased a new position in Honeywell Aerospace during the 2nd quarter worth approximately $29,000.

Honeywell Aerospace Company Profile

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.