Honeywell Aerospace (NASDAQ:HONA) Releases Quarterly Earnings Results

Honeywell Aerospace (NASDAQ:HONA) posted its earnings results on Wednesday. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.31, FiscalAI reports. The company had revenue of $4.64 billion for the quarter.

Here are the key takeaways from Honeywell Aerospace’s conference call:

• Third-quarter results exceeded expectations: organic sales rose 2.4% year over year to $4.6 billion, adjusted EBIT increased 4% to $1.2 billion, and free cash flow was approximately $500 million.
• Demand remains strong, with trailing 12-month orders up 9%, a 1.1 book-to-bill ratio, backlog up 12% to more than $19 billion, and over $20 billion in customer lifetime wins year to date.
• Honeywell Aerospace reported improving supplier output and expects supply-chain actions—including multisourcing, insourcing, tooling investments, and additional capacity—to support stronger output and accelerating sales growth in 2027 and beyond.
• The company maintained its 2026 organic sales growth outlook of 4%–5% and narrowed adjusted EBIT guidance around a $4.4 billion midpoint, while raising adjusted EPS guidance to $7.85–$8.00 and second-half free-cash-flow guidance to $1.2–$1.4 billion.
• Supply constraints continue to limit sales conversion, particularly in bearings, complex machining, castings, and forgings; fourth-quarter margins are expected to decline sequentially because tariff-refund benefits will not recur and unfavorable mix will persist.

Honeywell Aerospace Price Performance

NASDAQ HONA traded down $7.88 during trading hours on Friday, hitting $152.16. The company’s stock had a trading volume of 2,654,201 shares, compared to its average volume of 3,551,354. The stock has a market capitalization of $48.23 billion and a P/E ratio of 81.37. Honeywell Aerospace has a 52 week low of $149.19 and a 52 week high of $297.50. The company’s 50-day moving average price is $160.23.

Honeywell Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.60 annualized dividend and a yield of 1.1%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HONA. UBS Group dropped their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research note on Wednesday, August 19th. The Goldman Sachs Group initiated coverage on shares of Honeywell Aerospace in a research note on Wednesday, October 7th. They set a “neutral” rating and a $190.00 target price on the stock. Argus set a $210.00 target price on Honeywell Aerospace in a report on Friday, October 9th. Finally, Weiss Ratings assumed coverage on Honeywell Aerospace in a research note on Friday, September 11th. They issued a “sell (d)” rating for the company. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $196.80.

Institutional Investors Weigh In On Honeywell Aerospace

A number of hedge funds have recently made changes to their positions in HONA. Third View Private Wealth LLC boosted its holdings in Honeywell Aerospace by 310.9% in the third quarter. Third View Private Wealth LLC now owns 23,088 shares of the company’s stock valued at $3,578,000 after acquiring an additional 17,469 shares in the last quarter. Provenance Wealth Advisors LLC boosted its position in Honeywell Aerospace by 2,077.9% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 2,962 shares of the company’s stock valued at $459,000 after acquiring an additional 2,826 shares in the last quarter. Associated Banc Corp purchased a new stake in shares of Honeywell Aerospace in the 3rd quarter worth about $13,110,000. Integrity Alliance LLC. increased its holdings in shares of Honeywell Aerospace by 25.1% during the third quarter. Integrity Alliance LLC. now owns 2,623 shares of the company’s stock valued at $406,000 after acquiring an additional 526 shares in the last quarter. Finally, First Nebraska Trust Co purchased a new position in Honeywell Aerospace in the third quarter worth about $2,442,000.

Trending Headlines about Honeywell Aerospace

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

• Positive Sentiment: Quarterly results exceeded expectations. Honeywell Aerospace reported third-quarter EPS of $2.21 versus the $1.90 consensus estimate, while revenue reached approximately $4.64 billion. Backlog increased 12% to $19.3 billion, indicating continued demand across commercial aerospace and defense programs. Honeywell Aerospace reports third quarter results
• Positive Sentiment: Honeywell raised its 2026 earnings outlook. Full-year adjusted EPS guidance was set at $7.85 to $8.00, above the roughly $7.77 analyst consensus, and the company increased its second-half free-cash-flow forecast. Honeywell Aerospace lifts free cash flow forecast
• Positive Sentiment: New shareholder returns and capacity investments support the long-term outlook. The company declared its inaugural quarterly dividend of $0.40 per share and announced a planned $500 million, 300,000-square-foot manufacturing facility in Tempe, Arizona, expected to create about 600 jobs and expand production capacity. Honeywell Aerospace Arizona manufacturing facility
• Neutral Sentiment: Management expects stronger growth in 2027. Supply-chain recovery and increased production are key parts of the longer-term growth story, but mechanical supplier constraints are still limiting deliveries and margins remain under pressure.
• Negative Sentiment: Analysts became less bullish. BMO Capital Markets downgraded HONA from “outperform” to “market perform” and cut its price target to $181 from $213. JPMorgan also lowered its target to $210 from $235 and maintained a “neutral” rating; Evercore ISI reduced its target as well. Honeywell Aerospace analyst downgrade
• Negative Sentiment: Investors are concerned about profit quality and valuation. Adjusted EBIT rose only 1% year over year, while results benefited from tariff refunds and favorable deal timing. Standalone-company costs and higher interest expense also add pressure, making HONA’s elevated valuation harder to justify without faster growth.
• Negative Sentiment: Multiple law firms are promoting a securities class action. The lawsuit alleges that investors were not adequately informed about supplier constraints and a pending Justice Department cybersecurity investigation. The lead-plaintiff deadline is November 23, 2026, adding headline and potential liability risk. Honeywell Aerospace class action notice

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.