Honeywell Aerospace (NASDAQ:HONA) Trading 1.4% Higher – Time to Buy?

Honeywell Aerospace (NASDAQ:HONA) shares rose 1.4% during mid-day trading on Thursday . The stock traded as high as $155.34 and last traded at $153.75. 3,143,235 shares traded hands during trading, a decline of 12% from the average daily volume of 3,585,762 shares. The stock had previously closed at $151.58.

Analysts Set New Price Targets

Several analysts have recently commented on HONA shares. Argus initiated coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective on the stock. BMO Capital Markets lowered their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target for the company. BNP Paribas Exane dropped their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, Wolfe Research assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating on the stock. One investment 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.com, Honeywell Aerospace presently has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

The company has a 50-day simple moving average of $188.25. The stock has a market capitalization of $48.73 billion and a P/E ratio of 82.22.

Honeywell Aerospace (NASDAQ:HONA) last announced its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion for the quarter. On average, equities analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Hedge Funds Weigh In On Honeywell Aerospace

A number of institutional investors have recently bought and sold shares of the stock. Bouchey Financial Group Ltd. bought a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $225,000. Miramontes Capital LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $481,000. Sequoia Financial Advisors LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $24,175,000. Tidal Investments LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $6,331,000. Finally, Van Hulzen Asset Management LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $2,103,000.

Honeywell Aerospace Company Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.