Honeywell Aerospace (NASDAQ:HONA) Trading Up 3.3% – Here’s What Happened

Honeywell Aerospace (NASDAQ:HONA)’s stock price traded up 3.3% during mid-day trading on Monday . The stock traded as high as $170.32 and last traded at $169.03. Approximately 3,770,364 shares traded hands during trading, a decline of 1% from the average session volume of 3,801,631 shares. The stock had previously closed at $163.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HONA shares. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a report on Sunday, August 9th. Argus started coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target on the stock. BMO Capital Markets lowered their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Finally, Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Honeywell Aerospace currently has an average rating of “Hold” and a consensus price target of $219.29.

Honeywell Aerospace Trading Up 3.3%

The company has a market capitalization of $53.57 billion and a price-to-earnings ratio of 90.39. The company’s 50 day simple moving average is $178.07.

Honeywell Aerospace (NASDAQ:HONA) last announced its earnings results 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. As a group, equities analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.

Hedge Funds Weigh In On Honeywell Aerospace

A number of institutional investors have recently modified their holdings of HONA. Security National Bank of SO Dak acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $27,000. HBK Investments L P acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $5,528,000. Anchor Investment Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $93,000. Reynders McVeigh Capital Management LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth $885,000. Finally, Cherry Tree Wealth Management LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth $28,000.

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.