Valueworks LLC Invests $5.54 Million in Honeywell Aerospace $HONA

Valueworks LLC acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 25,049 shares of the company’s stock, valued at approximately $5,538,000. Honeywell Aerospace accounts for about 1.2% of Valueworks LLC’s holdings, making the stock its 27th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Honeywell Aerospace in the second quarter worth approximately $5,253,341,000. Bank of America Corp DE bought a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $1,034,187,000. Bank of New York Mellon Corp purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at $644,412,000. Legal & General Group Plc purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at $370,665,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $205,658,000.

Honeywell Aerospace Stock Down 2.0%

HONA opened at $160.75 on Friday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The company has a market capitalization of $50.95 billion and a P/E ratio of 85.96. The stock has a 50 day simple moving average of $195.92.

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

Wall Street Analysts Forecast Growth

HONA has been the topic of a number of research reports. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. BNP Paribas Exane reduced their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Evercore set a $210.00 target price on Honeywell Aerospace in a research report on Thursday, August 6th. Finally, Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Honeywell Aerospace currently has a consensus rating of “Hold” and a consensus target price 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.