Nwam LLC Makes New $3.81 Million Investment in Honeywell Aerospace $HONA

Nwam LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,895 shares of the company’s stock, valued at approximately $3,813,000.

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

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $158.11 on Tuesday. The stock has a market cap of $50.11 billion and a price-to-earnings ratio of 84.55. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The stock has a 50 day moving average price of $194.29.

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

Wall Street Analyst Weigh In

HONA has been the subject of several recent research reports. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research report on Sunday, August 9th. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 price target for the company. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a report on Thursday, August 6th. Finally, BMO Capital Markets cut their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. 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. According to data from MarketBeat.com, the stock 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.