Wedbush Securities Inc. Invests $2.28 Million in Honeywell Aerospace $HONA

Wedbush Securities Inc. bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 10,319 shares of the company’s stock, valued at approximately $2,281,000.

Several other hedge funds have also recently bought and sold shares of HONA. BlackRock Inc. purchased a new stake in Honeywell Aerospace during the second quarter worth approximately $5,253,341,000. Wellington Management Group LLP purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $1,705,882,000. Bank of America Corp DE acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $1,034,187,000. Bank of New York Mellon Corp acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter worth $377,905,000.

Honeywell Aerospace Price Performance

Shares of HONA stock opened at $162.37 on Monday. The company has a fifty day moving average price of $195.14. The stock has a market capitalization of $51.46 billion and a P/E ratio of 86.83. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50.

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

Analyst Ratings Changes

Several analysts recently issued reports on HONA shares. Wolfe Research assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. BMO Capital Markets lowered their target price 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. Finally, BNP Paribas Exane dropped their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. One equities 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.