Toth Financial Advisory Corp Takes $3.12 Million Position in Honeywell Aerospace $HONA

Toth Financial Advisory Corp purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,124 shares of the company’s stock, valued at approximately $3,122,000.

A number of other hedge funds also recently modified their holdings of HONA. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace in the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC bought a new position in Honeywell Aerospace during the second quarter valued at $29,000. Meeder Asset Management Inc. purchased a new stake in Honeywell Aerospace in the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Honeywell Aerospace in the second quarter worth $40,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace in the second quarter valued at $47,000.

Wall Street Analysts Forecast Growth

HONA has been the topic of a number of recent research reports. BMO Capital Markets dropped their price target 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. Evercore set a $210.00 price objective on Honeywell Aerospace in a report on Thursday, August 6th. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research report on Wednesday, August 19th. Finally, UBS Group reduced their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. One investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock opened at $162.37 on Friday. The stock has a 50-day moving average price of $195.14. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market capitalization of $51.46 billion and a P/E ratio of 86.83.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly 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 research 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.