Headlands Technologies LLC Makes New $975,000 Investment in Honeywell Aerospace $HONA

Headlands Technologies LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 3,808 shares of the company’s stock, valued at approximately $975,000.

Other hedge funds have also recently modified their holdings of the company. Bell Investment Advisors Inc purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $29,000. Meeder Asset Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Honeywell Aerospace during the second quarter valued at $40,000. Gables Capital Management Inc. purchased a new position in Honeywell Aerospace during the second quarter valued at $47,000. Finally, Fiduciary Financial Advisors purchased a new position in Honeywell Aerospace during the second quarter valued at $62,000.

Analyst Ratings Changes

HONA has been the subject of a number of analyst reports. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. UBS Group lowered their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research note on Wednesday, August 19th. Finally, Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a report on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Honeywell Aerospace has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

HONA opened at $154.24 on Wednesday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The company’s fifty day moving average price is $193.40. The stock has a market cap of $48.89 billion and a PE ratio of 82.48.

Honeywell Aerospace (NASDAQ:HONA) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion during the quarter. On average, equities research analysts anticipate 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.