Beacon Investment Advisory Services Inc. Invests $8.53 Million in Honeywell Aerospace

Beacon Investment Advisory Services Inc., a financial firm, has invested $8.53 million in Honeywell Aerospace (NASDAQ:HONA), according to its latest SEC filing. This investment was made during the second quarter of this year.

The company purchased 38,572 shares of Honeywell Aerospace's stock, valued at approximately $8.527 million. Beacon Investment Advisory Services Inc. is not the only firm that has invested in Honeywell Aerospace recently. Other notable investors include California State Teachers Retirement System, BlackRock Inc., Wellington Management Group LLP, Bank of America Corp DE, and Bank of New York Mellon Corp.

Honeywell Aerospace reported a 3.5% drop in its stock price since the last earnings report on June 15th. The company's quarterly earnings per share were $6.34 million, with revenue reaching $4.35 billion for the quarter. Wall Street analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.