Beacon Investment Advisory Services Inc. Invests $8.53 Million in Honeywell Aerospace $HONA

Beacon Investment Advisory Services Inc. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 38,572 shares of the company’s stock, valued at approximately $8,527,000.

Other hedge funds have also added to or reduced their stakes in the company. California State Teachers Retirement System acquired a new position in Honeywell Aerospace during the second quarter valued at approximately $24,053,526,000. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $5,253,341,000. Wellington Management Group LLP acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $1,705,882,000. Bank of America Corp DE acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $1,034,187,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $644,412,000.

Honeywell Aerospace Stock Down 3.5%

Shares of HONA opened at $155.42 on Wednesday. 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 $49.26 billion and a PE ratio of 83.11. The firm has a fifty day moving average price of $189.76.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion for the quarter. On average, research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HONA. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research report on Sunday, August 9th. BNP Paribas Exane decreased their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. UBS Group lowered their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Finally, Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research note on Monday, August 10th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $224.17.

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.