Honeywell Aerospace (NASDAQ:HONA) Trading 3.6% Higher – What’s Next?

Honeywell Aerospace (NASDAQ:HONA) shares shot up 3.6% during mid-day trading on Wednesday . The company traded as high as $166.21 and last traded at $164.18. Approximately 4,577,229 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 3,616,188 shares. The stock had previously closed at $158.49.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research report on Sunday, August 9th. BNP Paribas Exane cut their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price target for the company. Finally, Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Honeywell Aerospace has an average rating of “Hold” and an average price target of $219.29.

Honeywell Aerospace Trading Up 1.8%

The company has a market capitalization of $52.97 billion and a P/E ratio of 89.37. The stock’s 50-day moving average price is $179.21.

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 firm had revenue of $4.35 billion for the quarter. On average, equities research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Institutional Trading of Honeywell Aerospace

A number of large investors have recently made changes to their positions in HONA. HBK Investments L P purchased a new position in shares of Honeywell Aerospace during the second quarter worth approximately $5,528,000. Anchor Investment Management LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $93,000. Reynders McVeigh Capital Management LLC acquired a new position in shares of Honeywell Aerospace in the second quarter worth $885,000. Cherry Tree Wealth Management LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter worth about $28,000. Finally, Smith Chas P & Associates PA Cpas purchased a new position in Honeywell Aerospace in the 2nd quarter valued at about $203,000.

About Honeywell Aerospace

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.