Tribune Investment Group LP Acquires New Position in Honeywell Aerospace $HONA

Tribune Investment Group LP acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,800 shares of the company’s stock, valued at approximately $4,557,000. Honeywell Aerospace accounts for 1.8% of Tribune Investment Group LP’s portfolio, making the stock its 16th biggest position.

Other large investors have also recently bought and sold shares of the company. Leo H. Evart Inc. acquired a new position in Honeywell Aerospace in the second quarter valued at approximately $26,000. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $40,000. Finally, Triumph Capital Management acquired a new position in Honeywell Aerospace during the 2nd quarter valued at approximately $43,000.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $154.96 on Friday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The firm has a market capitalization of $49.11 billion and a P/E ratio of 82.87. The business’s 50 day simple moving average is $191.72.

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 business had revenue of $4.35 billion during the quarter. As a group, equities research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

HONA has been the subject of a number of recent research reports. BNP Paribas Exane lowered their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. BMO Capital Markets cut their target price 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. UBS Group reduced their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Finally, Vertical Research initiated coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Honeywell Aerospace has a consensus rating of “Hold” and a consensus target price of $224.17.

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.