New Mexico Educational Retirement Board Invests $3.49 Million in Honeywell Aerospace $HONA

New Mexico Educational Retirement Board bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,793 shares of the company’s stock, valued at approximately $3,492,000.

Several other institutional investors also recently bought and sold shares of the stock. Hardy Reed LLC acquired a new position in Honeywell Aerospace in the second quarter valued at approximately $1,151,000. Plan Group Financial LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $270,000. Mill Capital Management LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $419,000. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $8,809,000.

Analysts Set New Price Targets

Several research firms recently issued reports on HONA. Argus started coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a report on Monday, August 10th. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research report on Sunday, August 9th. Finally, Vertical Research assumed coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price on the stock. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $162.37 on Friday. The firm has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The firm has a 50 day simple moving average of $195.14.

Honeywell Aerospace (NASDAQ:HONA) last announced its 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. On average, analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal 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.