Beacon Investment Advisory Services Inc. Purchases Shares of 38,572 Honeywell Aerospace $HONA

Beacon Investment Advisory Services Inc. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,572 shares of the company’s stock, valued at approximately $8,527,000.

Other institutional investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new position in Honeywell Aerospace during the 2nd quarter worth $25,000. Leo H. Evart Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $26,000. Outlook Capital Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $26,000. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $29,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $29,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HONA. Royal Bank Of Canada cut their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a report on Monday, August 10th. UBS Group dropped 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. Finally, JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective on the stock. One equities 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 company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA stock opened at $155.42 on Wednesday. The company has a market capitalization of $49.26 billion and a P/E ratio of 83.11. The business has a 50 day simple moving average of $189.76. 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 (EPS) for the quarter. The business had revenue of $4.35 billion during the quarter. On average, research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current 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.