Honeywell Aerospace (NASDAQ:HONA) Shares Down 1% – What’s Next?

Honeywell Aerospace (NASDAQ:HONA)’s stock price was down 1% on Tuesday . The stock traded as low as $166.03 and last traded at $167.32. Approximately 3,831,886 shares were traded during trading, an increase of 0% from the average daily volume of 3,829,163 shares. The stock had previously closed at $169.03.

Honeywell Aerospace News Summary

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Honeywell Aerospace secured an agreement to provide Garuda Indonesia with auxiliary power unit maintenance support, adding to its aftermarket services business and potentially supporting recurring revenue. The company also unveiled a cooling-system upgrade for F-35 aircraft, highlighting continued demand for its defense technologies. Honeywell Aerospace lands Garuda maintenance deal, unveils F-35 cooling upgrade

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HONA shares. Vertical Research started coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price on the stock. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Weiss Ratings started coverage on shares of Honeywell Aerospace in a research note on Friday, September 11th. They issued a “sell (d)” rating for the company. BMO Capital Markets dropped their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Finally, Evercore set a $210.00 target price on Honeywell Aerospace in a research note on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and a consensus price target of $219.29.

Honeywell Aerospace Trading Down 0.2%

The firm has a fifty day simple moving average of $175.40. The firm has a market capitalization of $51.66 billion and a P/E ratio of 87.21.

Honeywell Aerospace (NASDAQ:HONA) last issued its earnings results 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 during the quarter. Equities research analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Honeywell Aerospace

A number of institutional investors have recently modified their holdings of HONA. BlackRock Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $5,253,341,000. State Street Corp bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $2,945,044,000. Wellington Management Group LLP acquired a new position in shares of Honeywell Aerospace during the second quarter worth approximately $1,705,882,000. Bank of America Corp DE bought a new position in shares of Honeywell Aerospace in the 2nd quarter worth $1,034,187,000. Finally, Bank of New York Mellon Corp acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at $644,412,000.

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.