EFG International AG Acquires Shares of 3,136 Honeywell Aerospace $HONA

EFG International AG acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,136 shares of the company’s stock, valued at approximately $702,000.

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

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $160.75 on Friday. The business’s 50 day moving average price is $195.92. The firm has a market cap of $50.95 billion and a PE ratio of 85.96. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. As a group, equities research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on HONA. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a report on Sunday, August 9th. UBS Group cut 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. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating for the company. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Finally, Argus started coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Profile

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.