Redwood Investment Management LLC Purchases New Holdings in Honeywell Aerospace $HONA

Redwood Investment Management LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel reports. The firm purchased 3,419 shares of the company’s stock, valued at approximately $756,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $29,000. Meeder Asset Management Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $29,000. Strategic Wealth Advisors LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $40,000. Finally, Gables Capital Management Inc. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $47,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HONA shares. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research report on Sunday, August 9th. BNP Paribas Exane reduced their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. TD Cowen assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price on the stock. Finally, Wolfe Research assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $160.75 on Friday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The company has a market cap of $50.95 billion and a price-to-earnings ratio of 85.96. The firm has a fifty day simple moving average of $195.92.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings data 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. On average, equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

About Honeywell Aerospace

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.