Petrus Trust Company LTA Makes New Investment in Honeywell Aerospace $HONA

Petrus Trust Company LTA acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 39,646 shares of the company’s stock, valued at approximately $8,765,000. Honeywell Aerospace accounts for 0.8% of Petrus Trust Company LTA’s holdings, making the stock its 23rd biggest holding.

Other large investors have also recently made changes to their positions in the company. Philadelphia Investment Partners LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $129,000. Pingora Partners LLC purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $98,000. Ausdal Financial Partners Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter worth $559,000. Bank of America Corp DE acquired a new position in shares of Honeywell Aerospace during the second quarter worth $1,034,187,000. Finally, Blodgett Wealth Advisors LLC purchased a new position in Honeywell Aerospace in the second quarter valued at $246,000.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a report on Thursday, August 6th. BNP Paribas Exane dropped their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Vertical Research initiated coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target for the company. TD Cowen assumed coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Trading Up 2.3%

Shares of HONA opened at $164.01 on Thursday. The business’s 50 day simple moving average is $196.77. The stock has a market capitalization of $51.98 billion and a price-to-earnings ratio of 87.71. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month 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, analysts expect 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.