Honeywell Aerospace (NASDAQ:HONA) Trading 3.9% Higher – What’s Next?

Honeywell Aerospace (NASDAQ:HONA)’s stock price shot up 3.9% during trading on Tuesday . The company traded as high as $217.06 and last traded at $216.48. 2,736,323 shares changed hands during trading, a decline of 5% from the average daily volume of 2,870,050 shares. The stock had previously closed at $208.27.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BMO Capital Markets initiated coverage on Honeywell Aerospace in a research note on Thursday, July 2nd. They set an “outperform” rating and a $276.00 target price on the stock. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price for the company. BNP Paribas Exane assumed coverage on shares of Honeywell Aerospace in a research report on Tuesday, June 30th. They set a “neutral” rating and a $245.00 price target on the stock. Morgan Stanley set a $235.00 price objective on shares of Honeywell Aerospace in a research note on Wednesday, July 15th. Finally, Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Honeywell Aerospace currently has an average rating of “Hold” and a consensus price target of $253.75.

Honeywell Aerospace Trading Up 3.9%

Institutional Trading of Honeywell Aerospace

Hedge funds have recently added to or reduced their stakes in the company. BIP Wealth LLC purchased a new position in Honeywell Aerospace in the second quarter worth approximately $713,000. Trifecta Capital Advisors LLC purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $67,000. Next Capital Management LLC purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $270,000. Everett Harris & Co. CA acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $699,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $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.