Nwam LLC Takes Position in Honeywell Aerospace $HONA

Nwam LLC acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel reports. The fund acquired 14,895 shares of the company’s stock, valued at approximately $3,813,000.

Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $29,000. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace in the second quarter worth $29,000. Strategic Wealth Advisors LLC purchased a new stake in Honeywell Aerospace during the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace in the second quarter valued at about $40,000. Finally, Gables Capital Management Inc. bought a new position in Honeywell Aerospace in the second quarter valued at about $47,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research note on Monday, August 10th. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Finally, Argus began coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Trading Down 2.6%

Shares of NASDAQ:HONA opened at $158.11 on Tuesday. The company’s 50 day moving average is $194.29. The company has a market cap of $50.11 billion and a P/E ratio of 84.55. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion for the quarter. On average, research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current 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.