Honeywell Aerospace (NASDAQ:HONA) Stock Sees Heavy Call Option Buying

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) was the target of unusually large options trading activity on Friday. Stock investors acquired 30,395 call options on the stock. This represents an increase of approximately 909% compared to the average daily volume of 3,013 call options.

Honeywell Aerospace Trading Up 1.9%

Shares of HONA stock traded up $2.80 during mid-day trading on Friday, hitting $152.39. The stock had a trading volume of 596,063 shares, compared to its average volume of 3,566,958. The firm has a market cap of $48.31 billion and a price-to-earnings ratio of 81.56. The company has a 50-day simple moving average of $159.41. Honeywell Aerospace has a fifty-two week low of $147.40 and a fifty-two week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.31. The business had revenue of $4.64 billion during the quarter. Research analysts expect that Honeywell Aerospace will post 7.93 earnings per share for the current fiscal year.

Honeywell Aerospace Announces Dividend

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

More Honeywell Aerospace News

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

Analysts Set New Price Targets

A number of research analysts recently commented on HONA shares. TD Cowen dropped their target price on shares of Honeywell Aerospace from $180.00 to $170.00 and set a “hold” rating on the stock in a research report on Friday, October 9th. Weiss Ratings raised shares of Honeywell Aerospace from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 30th. Royal Bank Of Canada decreased their price objective on shares of Honeywell Aerospace from $250.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Jefferies Financial Group reiterated a “hold” rating and set a $170.00 target price on shares of Honeywell Aerospace in a research report on Monday. Finally, Zacks Research upgraded Honeywell Aerospace from a “strong sell” rating to a “hold” rating in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and an average target price of $196.47.

Read Our Latest Stock Analysis on HONA

Hedge Funds Weigh In On Honeywell Aerospace

Several hedge funds and other institutional investors have recently bought and sold shares of HONA. Eurizon Capital SGR S.p.A. boosted its position in shares of Honeywell Aerospace by 0.7% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 572,344 shares of the company’s stock worth $88,755,000 after buying an additional 3,990 shares in the last quarter. Nan Fung Trinity HK Ltd. acquired a new stake in Honeywell Aerospace in the 3rd quarter valued at about $13,668,000. Three Bridge Wealth Advisors LLC acquired a new stake in Honeywell Aerospace in the 3rd quarter valued at about $234,000. Maryland State Retirement & Pension System purchased a new position in Honeywell Aerospace during the 3rd quarter valued at about $3,071,000. Finally, Renasant Bank purchased a new position in Honeywell Aerospace during the 3rd quarter valued at about $341,000.

About Honeywell Aerospace

(Get Free Report)

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.

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