Camarda Financial Advisors LLC Takes $2.07 Million Position in Honeywell Aerospace $HONA

Camarda Financial Advisors LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, Holdings Channel.com reports. The firm bought 9,232 shares of the company’s stock, valued at approximately $2,067,000.

A number of other hedge funds have also recently bought and sold shares of HONA. Grandfield & Dodd LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $759,000. SCS Capital Management LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $1,821,000. SFE Investment Counsel acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $2,981,000. MidFirst Bank acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $5,608,000. Finally, IMC Chicago LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $10,508,000.

Wall Street Analysts Forecast Growth

HONA has been the subject of several recent research reports. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. UBS Group decreased their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research report on Wednesday, August 19th. Wolfe Research initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. Finally, BMO Capital Markets decreased their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Honeywell Aerospace currently has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Stock Performance

Honeywell Aerospace stock opened at $160.75 on Friday. The stock has a 50 day moving average price of $195.92. The stock has a market capitalization of $50.95 billion and a P/E ratio of 85.96. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

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

Honeywell Aerospace 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.