Brooks Moore & Associates Inc. Invests $2.27 Million in Honeywell Aerospace $HONA

Brooks Moore & Associates Inc. bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,135 shares of the company’s stock, valued at approximately $2,269,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc acquired a new position in shares of Honeywell Aerospace during the second quarter worth about $29,000. Meeder Asset Management Inc. acquired a new stake in Honeywell Aerospace in the second quarter valued at about $29,000. Strategic Wealth Advisors LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $47,000.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HONA shares. BMO Capital Markets dropped their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Evercore set a $210.00 price target on Honeywell Aerospace in a research note on Thursday, August 6th. Royal Bank Of Canada dropped their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Honeywell Aerospace currently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $160.75 on Friday. The stock has a market cap of $50.95 billion and a price-to-earnings ratio of 85.96. The stock’s 50 day moving average price is $195.92. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion during the quarter. On average, sell-side analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

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.