Wedbush Securities Inc. Invests $2.28 Million in Honeywell Aerospace $HONA

Wedbush Securities Inc. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,319 shares of the company’s stock, valued at approximately $2,281,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grandfield & Dodd LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $759,000. SCS Capital Management LLC purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $1,821,000. SFE Investment Counsel purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $2,981,000. MidFirst Bank acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $5,608,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $8,809,000.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $162.37 on Monday. The stock has a market capitalization of $51.46 billion and a P/E ratio of 86.83. The stock’s 50 day moving average is $195.14. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week 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 (EPS) for the quarter. The company had revenue of $4.35 billion for the quarter. As a group, research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HONA. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target for the company. Wolfe Research began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating for the company. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research report on Monday, August 10th. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. Finally, Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $224.17.

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.