Honeywell Aerospace (NASDAQ:HONA) Trading 1.6% Higher – Still a Buy?

Honeywell Aerospace (NASDAQ:HONA) shares were up 1.6% during trading on Thursday . The company traded as high as $155.88 and last traded at $154.96. Approximately 3,805,988 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 3,587,832 shares. The stock had previously closed at $152.55.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HONA shares. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research note on Sunday, August 9th. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 target price on the stock. Finally, Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a report on Wednesday, August 19th. One research 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, the stock has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Stock Performance

The stock has a market capitalization of $49.12 billion and a P/E ratio of 82.87. The company’s 50-day moving average is $192.52.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion during the quarter. Analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth $24,053,526,000. BlackRock Inc. purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $5,253,341,000. Wellington Management Group LLP bought a new position in Honeywell Aerospace in the 2nd quarter worth $1,705,882,000. Bank of America Corp DE bought a new position in Honeywell Aerospace in the 2nd quarter worth $1,034,187,000. Finally, Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace during the second quarter valued at $644,412,000.

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.