RFG Advisory LLC Makes New Investment in Honeywell Aerospace $HONA

RFG Advisory LLC purchased a new stake 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 (SEC). The firm purchased 8,843 shares of the company’s stock, valued at approximately $1,955,000.

A number of other institutional investors also recently modified their holdings of HONA. Ameliora Wealth Management Ltd. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $25,000. Leo H. Evart Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $26,000. Outlook Capital Management LLC bought a new position in Honeywell Aerospace in the 2nd quarter worth $26,000. Bell Investment Advisors Inc bought a new position in Honeywell Aerospace in the 2nd quarter worth $29,000. Finally, Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter worth $29,000.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HONA. Vertical Research began coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target for the company. UBS Group dropped their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 target price for the company. Finally, Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a report on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Trading Up 1.4%

Shares of Honeywell Aerospace stock opened at $153.75 on Friday. Honeywell Aerospace has a fifty-two week low of $149.19 and a fifty-two week high of $297.50. The firm has a fifty day moving average of $186.38. The company has a market cap of $48.73 billion and a P/E ratio of 82.22.

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

About Honeywell Aerospace

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.