Investors Purchase Large Volume of Call Options on Honeywell Aerospace (NASDAQ:HONA)

Honeywell Aerospace (NASDAQ:HONA) was the recipient of some unusual options trading on Wednesday. Traders bought 30,714 call options on the stock. This represents an increase of 1,045% compared to the average daily volume of 2,683 call options.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research note on Wednesday, August 19th. BMO Capital Markets lowered their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Vertical Research began coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a research report on Monday, August 10th. Finally, TD Cowen began coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Up 2.3%

Shares of NASDAQ HONA opened at $164.01 on Thursday. The firm has a market cap of $51.98 billion and a P/E ratio of 87.71. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The stock has a 50 day moving average price of $196.77.

Honeywell Aerospace (NASDAQ:HONA) last posted 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, sell-side analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Institutional Trading of Honeywell Aerospace

A number of large investors have recently bought and sold shares of HONA. Grandfield & Dodd LLC bought a new position in Honeywell Aerospace in the second quarter worth approximately $759,000. SCS Capital Management LLC bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $1,821,000. SFE Investment Counsel bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $2,981,000. MidFirst Bank acquired a new position in shares of Honeywell Aerospace during the second quarter worth approximately $5,608,000. Finally, IMC Chicago LLC acquired a new position in shares of Honeywell Aerospace during the second quarter worth approximately $10,508,000.

About Honeywell Aerospace

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.