Honeywell Aerospace Sees Institutional Investor Interest Surge

Beacon Pointe Advisors LLC has acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter. The institutional investor purchased 46,780 shares of the company's stock, valued at approximately $10,475,000.

This is not an isolated incident, as several other hedge funds and institutional investors have also made changes to their positions in HONA. Bell Investment Advisors Inc acquired a new position worth around $29,000, while Meeder Asset Management Inc., Strategic Wealth Advisors LLC, Mowery & Schoenfeld Wealth Management LLC, and Gables Capital Management Inc each bought new stakes valued at approximately $29,000, $40,000, and $47,000 respectively.

The company's stock has been performing well, with shares trading up 1.0% on Friday. The firm has a market cap of $51.46 billion and a price-to-earnings ratio of 86.83.