25,004 Shares in Honeywell Aerospace $HONA Acquired by HBK Investments L P

HBK Investments L P bought a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,004 shares of the company’s stock, valued at approximately $5,528,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Honeywell Aerospace during the second quarter worth approximately $5,253,341,000. Wellington Management Group LLP purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $1,705,882,000. Bank of America Corp DE acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $1,034,187,000. Bank of New York Mellon Corp acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $370,544,000.

Honeywell Aerospace Stock Performance

Shares of HONA traded up $5.69 during midday trading on Wednesday, reaching $164.18. 4,605,544 shares of the company were exchanged, compared to its average volume of 3,620,009. Honeywell Aerospace has a 1-year low of $149.19 and a 1-year high of $297.50. The company’s 50-day moving average is $181.54. The stock has a market capitalization of $52.04 billion and a P/E ratio of 87.80.

Honeywell Aerospace (NASDAQ:HONA) last posted its earnings results 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 during the quarter. Analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HONA shares. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a report on Sunday, August 9th. Zacks Research downgraded Honeywell Aerospace from a “hold” rating to a “strong sell” rating in a research report on Monday. Evercore set a $210.00 price target on Honeywell Aerospace in a research note on Thursday, August 6th. Royal Bank Of Canada cut 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, TD Cowen initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $221.54.

Honeywell Aerospace Profile

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.