Honeywell Aerospace (NASDAQ:HONA) Sees Large Drop in Short Interest

Honeywell Aerospace (NASDAQ:HONA) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 5,842,017 shares, a decline of 32.9% from the July 30th total of 8,708,127 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average trading volume of 5,721,340 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore set a $210.00 target price on Honeywell Aerospace in a report on Thursday, August 6th. TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. Vertical Research started coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price on the stock. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Finally, Royal Bank Of Canada lowered their price objective on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Honeywell Aerospace presently has a consensus rating of “Hold” and a consensus target price of $224.17.

Institutional Investors Weigh In On Honeywell Aerospace

Large investors have recently made changes to their positions in the stock. Hardy Reed LLC bought a new position in shares of Honeywell Aerospace in the second quarter valued at $1,151,000. Plan Group Financial LLC bought a new stake in Honeywell Aerospace during the second quarter worth $270,000. Mill Capital Management LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at $419,000. Bryn Mawr Trust Advisors LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace in the second quarter valued at $8,809,000.

Honeywell Aerospace Trading Down 2.4%

NASDAQ:HONA opened at $154.24 on Wednesday. The firm has a 50-day moving average of $193.40. The firm has a market capitalization of $48.89 billion and a P/E ratio of 82.48. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion for the quarter. Research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Honeywell Aerospace Company 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.