Moore Capital Management LP Takes $1.38 Million Position in Honeywell Aerospace $HONA

Moore Capital Management LP bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,249 shares of the company’s stock, valued at approximately $1,382,000.

A number of other institutional investors also recently modified their holdings of the company. Sigma Planning Corp bought a new stake in shares of Honeywell Aerospace in the second quarter worth $2,879,000. Two Sigma Securities LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at $2,194,000. Benjamin Edwards Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at $4,430,000. GTS Securities LLC bought a new stake in Honeywell Aerospace during the 2nd quarter worth about $598,000. Finally, IMC Chicago LLC bought a new stake in Honeywell Aerospace during the 2nd quarter worth about $10,508,000.

Wall Street Analysts Forecast Growth

HONA has been the topic of several analyst reports. TD Cowen started 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. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research report on Wednesday, August 19th. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research note on Sunday, August 9th. BNP Paribas Exane lowered their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Vertical Research began coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target on the stock. One equities 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 company. According to MarketBeat.com, Honeywell Aerospace 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 firm has a market cap of $50.11 billion and a price-to-earnings ratio of 84.55. The firm has a fifty day moving average price of $194.29. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly 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, research analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

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.