Honeywell Aerospace (NASDAQ:HONA) Sets New 12-Month Low – Here’s Why

Honeywell Aerospace (NASDAQ:HONA) hit a new 52-week low on Thursday. The company traded as low as $149.14 and last traded at $150.1590, with a volume of 2,027,377 shares. The stock had previously closed at $156.39.

Key Headlines Impacting Honeywell Aerospace

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Zacks Research upgraded Honeywell Aerospace from “strong sell” to “hold,” a modestly improved view of the stock. TickerReport article
• Negative Sentiment: Several law firms reiterated that investors who bought HONA during the class period may seek lead-plaintiff status by November 23. The repeated alerts reflect an ongoing securities lawsuit and may add to uncertainty, although the announcements themselves are not court findings. Robbins Geller announcement
• Negative Sentiment: The lawsuit alleges investors were not told that a small group of constrained suppliers limited hundreds of millions of dollars in revenue output, and that a Justice Department False Claims Act inquiry was pending. If substantiated, these claims could raise concerns about disclosure practices, revenue execution, and potential legal exposure. SueWallSt announcement

Analyst Ratings Changes

Several research analysts have issued reports on the company. Melius Research set a $190.00 price objective on Honeywell Aerospace in a report on Monday, September 14th. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research note on Wednesday, August 19th. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research report on Thursday, August 6th. UBS Group cut their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Honeywell Aerospace from $235.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $196.47.

Honeywell Aerospace Stock Performance

The company has a market cap of $47.45 billion and a P/E ratio of 80.04. The company has a 50 day moving average of $159.70.

Honeywell Aerospace (NASDAQ:HONA) last issued its earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.90 by $0.31. The business had revenue of $4.64 billion for the quarter. On average, equities research analysts predict that Honeywell Aerospace will post 7.93 earnings per share for the current year.

Honeywell Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, November 13th.

Institutional Investors Weigh In On Honeywell Aerospace

A number of institutional investors have recently modified their holdings of HONA. Renasant Bank acquired a new stake in shares of Honeywell Aerospace during the 3rd quarter worth about $341,000. Confluence Wealth Services Inc. boosted its holdings in shares of Honeywell Aerospace by 1.4% in the 3rd quarter. Confluence Wealth Services Inc. now owns 5,212 shares of the company’s stock valued at $808,000 after purchasing an additional 72 shares during the last quarter. AMG National Trust Bank boosted its holdings in shares of Honeywell Aerospace by 63.1% in the 3rd quarter. AMG National Trust Bank now owns 8,125 shares of the company’s stock valued at $1,259,000 after purchasing an additional 3,143 shares during the last quarter. Moneco Advisors LLC boosted its holdings in shares of Honeywell Aerospace by 39.7% in the 3rd quarter. Moneco Advisors LLC now owns 7,114 shares of the company’s stock valued at $1,102,000 after purchasing an additional 2,020 shares during the last quarter. Finally, Keybank National Association OH grew its stake in shares of Honeywell Aerospace by 7.9% during the 3rd quarter. Keybank National Association OH now owns 277,380 shares of the company’s stock valued at $42,986,000 after buying an additional 20,359 shares during the period.

Honeywell Aerospace Company Profile

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.