Rep. Carol D. Miller Sells Shares of Honeywell Aerospace (NASDAQ:HONA)

Representative Carol D. Miller (Republican-West Virginia) recently sold shares of Honeywell Aerospace (NASDAQ:HONA). In a filing disclosed on October 30th, the Representative disclosed that they had sold between $0 and $1,000 in Honeywell Aerospace stock on September 29th. The trade occurred in the Representative’s “UNITED BANK BROKERAGE ACCOUNT” account.

Honeywell Aerospace Price Performance

HONA traded up $2.30 on Tuesday, hitting $160.25. The company had a trading volume of 240,378 shares, compared to its average volume of 3,549,355. Honeywell Aerospace has a 12-month low of $149.19 and a 12-month high of $297.50. The company has a fifty day simple moving average of $159.86. The stock has a market cap of $50.79 billion and a PE ratio of 85.62.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.31. The business had revenue of $4.64 billion during the quarter. On average, research analysts forecast that Honeywell Aerospace will post 7.90 earnings per share for the current fiscal year.

Honeywell Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, November 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Weiss Ratings raised Honeywell Aerospace from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. Melius Research set a $190.00 price objective on shares of Honeywell Aerospace in a report on Monday, September 14th. Susquehanna assumed coverage on Honeywell Aerospace in a research note on Thursday, September 17th. They issued a “positive” rating and a $190.00 target price for the company. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Finally, TD Cowen lowered their target price on shares of Honeywell Aerospace from $180.00 to $170.00 and set a “hold” rating for the company in a research note on Friday, October 9th. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $196.47.

Key Honeywell Aerospace News

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Honeywell Aerospace is building a $500 million manufacturing expansion in Tempe, Arizona. The project could increase production capacity and support long-term aerospace demand, although it also involves substantial capital spending and execution risk. Honeywell Aerospace Is Building a $500 Million Tempe Manufacturing Expansion

Institutional Trading of Honeywell Aerospace

A number of hedge funds have recently added to or reduced their stakes in HONA. BlackRock Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter worth $5,253,341,000. State Street Corp bought a new stake in Honeywell Aerospace during the second quarter valued at $2,945,044,000. Wellington Management Group LLP purchased a new position in Honeywell Aerospace during the second quarter worth about $1,705,882,000. Bank of America Corp DE purchased a new position in Honeywell Aerospace during the second quarter worth about $1,034,187,000. Finally, Bank of New York Mellon Corp bought a new position in Honeywell Aerospace in the 2nd quarter worth about $644,412,000.

About Representative Miller

Carol Miller (Republican Party) is a member of the U.S. House, representing West Virginia’s 1st Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

Miller (Republican Party) ran for re-election to the U.S. House to represent West Virginia’s 1st Congressional District. She won in the general election on November 5, 2024.

West Virginia’s 3rd Congressional District race was identified as a 2018 battleground that might have affected partisan control of the U.S. House in the 116th Congress. Incumbent Evan Jenkins (R) did not seek re-election in 2018, leaving the seat open. In the campaign, Miller emphasized her endorsement by President Donald Trump (R). Lara Trump, Senior Advisor to Donald J. Trump for President, Inc., said, “Carol is pro-coal, pro-Second Amendment, and pro-Trump through and through, and is prepared to tackle the opioid epidemic that’s affected countless West Virginians.” Miller also supported the construction of a wall on the southern U.S. border and the Tax Cuts and Jobs Act (TCJA).

Miller is a former Republican member of the West Virginia House of Delegates, representing District 16 from 2006 to 2018.

Miller has also worked in real estate and owns a bison farm.

Carol Miller was born in Columbus, Ohio. Miller graduated from Bexley High School in 1968. She earned a B.S. from Columbia College in 1972. Her career experience includes owning and operating Swann Ridge Bison Farm and working as a real estate manager.

About Honeywell Aerospace

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.