Brooks Moore & Associates Inc. Invests $2.19 Million in Honeywell Aerospace $HONA

Brooks Moore & Associates Inc. acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,885 shares of the company’s stock, valued at approximately $2,185,000.

Several other hedge funds have also made changes to their positions in the stock. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the second quarter worth about $29,000. Strategic Wealth Advisors LLC bought a new position in Honeywell Aerospace during the second quarter valued at about $29,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $47,000.

Analysts Set New Price Targets

Several analysts have recently weighed in on HONA shares. TD Cowen began coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. Argus assumed coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. BMO Capital Markets reduced their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Royal Bank Of Canada decreased their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Finally, Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $160.75 on Friday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The stock has a 50 day moving average of $195.92. The firm has a market cap of $50.95 billion and a PE ratio of 85.96.

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

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.