Nwam LLC Makes New Investment in Honeywell Aerospace $HONA

Nwam LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 19,779 shares of the company’s stock, valued at approximately $4,373,000.

Other large investors have also made changes to their positions in the company. Grandfield & Dodd LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at $759,000. SCS Capital Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter worth $1,821,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Honeywell Aerospace during the second quarter valued at $377,905,000. SFE Investment Counsel purchased a new position in shares of Honeywell Aerospace during the second quarter valued at $2,981,000. Finally, MidFirst Bank acquired a new position in Honeywell Aerospace during the second quarter valued at $5,608,000.

Honeywell Aerospace Price Performance

NASDAQ HONA opened at $158.11 on Tuesday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The firm has a market capitalization of $50.11 billion and a P/E ratio of 84.55. The stock has a fifty day moving average of $194.29.

Honeywell Aerospace (NASDAQ:HONA) last announced 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. Analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Argus began coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. Wolfe Research initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating on the stock. TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price on the stock. BMO Capital Markets reduced their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Finally, BNP Paribas Exane decreased their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $224.17.

About Honeywell Aerospace

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.