Honeywell Aerospace (NASDAQ:HONA) Trading 3.9% Higher – Here’s Why

Shares of Honeywell Aerospace (NASDAQ:HONA) were up 3.9% during mid-day trading on Friday . The stock traded as high as $161.29 and last traded at $161.01. 3,014,974 shares changed hands during trading, a decline of 16% from the average session volume of 3,581,618 shares. The stock had previously closed at $154.96.

Analyst Upgrades and Downgrades

HONA has been the subject of a number of research reports. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research report on Wednesday, August 19th. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a report on Monday, August 10th. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a report on Sunday, August 9th. Finally, BNP Paribas Exane decreased their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. One 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Up 3.9%

The firm has a 50-day moving average price of $191.08. The firm has a market capitalization of $51.03 billion and a price-to-earnings ratio of 86.10.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HONA. Hardy Reed LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $1,151,000. Plan Group Financial LLC acquired a new position in Honeywell Aerospace in the second quarter worth $270,000. Mill Capital Management LLC bought a new stake in Honeywell Aerospace during the second quarter valued at $419,000. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $1,301,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $8,809,000.

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.