Nwam LLC Acquires New Stake in Honeywell Aerospace $HONA

Nwam LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,779 shares of the company’s stock, valued at approximately $4,373,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HONA. BlackRock Inc. acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $5,253,341,000. Wellington Management Group LLP bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $1,705,882,000. Bank of America Corp DE acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at $1,034,187,000. Bank of New York Mellon Corp acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Honeywell Aerospace during the second quarter valued at about $377,905,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HONA shares. Argus began coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price on the stock. BNP Paribas Exane cut their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Vertical Research initiated coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective on the stock. Finally, Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $158.11 on Tuesday. The firm has a market cap of $50.11 billion and a P/E ratio of 84.55. The firm’s fifty day moving average is $194.29. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued 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. As a group, research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

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.