Honeywell Aerospace (NASDAQ:HONA) saw its stock price dip below its fifty-day moving average on Thursday, following a downgrade from JPMorgan Chase & Co. The firm lowered its price target from $235.00 to $210.00, maintaining a neutral rating. The stock, which has a fifty-day moving average of $160.23, traded as low as $153.00 before closing at $160.04 with a volume of 7,431,058 shares.
Analysts have mixed views on Honeywell Aerospace. Wells Fargo & Company set a $195.00 price target, while Jefferies Financial Group and Melius Research set targets of $175.00 and $190.00, respectively. Vertical Research initiated coverage with a $243.00 target and a hold rating. Overall, the stock has a consensus hold rating and a target price of $198.93.
Despite positive sentiment from strong third-quarter earnings and a raised 2026 adjusted EPS outlook, investors are concerned about modest adjusted EBIT growth, supplier bottlenecks, and margin pressure. The company also faces legal notices regarding a securities class action related to alleged inadequate disclosures about supplier constraints and a cybersecurity investigation.
Institutional investors have been active, with several hedge funds adjusting their stakes in Honeywell Aerospace. Sumitomo Mitsui Trust Group Inc. increased its stake by 158.1%, while Greenleaf Trust and Providence Wealth Advisors LLC purchased new positions. The stock has a market cap of $50.72 billion and a P/E ratio of 85.58.