Tribune Investment Group LP Purchases New Shares in Honeywell Aerospace $HONA

Tribune Investment Group LP acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel reports. The fund acquired 17,800 shares of the company’s stock, valued at approximately $3,985,000. Honeywell Aerospace accounts for 1.6% of Tribune Investment Group LP’s holdings, making the stock its 19th biggest holding.

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

Honeywell Aerospace Stock Down 2.1%

Shares of NASDAQ HONA opened at $161.20 on Tuesday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The company has a market cap of $51.09 billion and a price-to-earnings ratio of 86.20.

Honeywell Aerospace (NASDAQ:HONA) last released its 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 for the quarter. On average, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HONA. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. TD Cowen initiated coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. Wolfe Research initiated coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating for the company. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research note on Monday, August 10th. Finally, Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Honeywell Aerospace currently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Company 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.