Honeywell Aerospace Stocks Plummet After Supply-Chain Woes

Honeywell Aerospace's stock plummeted by as much as 26% on Thursday, its worst day since listing, after the company cut its annual sales target and missed profit expectations.

The aerospace supplier cited supply-chain issues as the reason for the revised forecast, which now predicts 4-5% organic growth in 2026, down from a previous estimate of 7-9%. The company also expects adjusted earnings per share to range between $7.60 and $7.90, below analysts' estimates of $8.86.

J.P. Morgan cut its price target on Honeywell Aerospace to $235, citing the widening discount to peers following these results. Analysts at Jefferies expressed puzzlement over how an aerospace company could only achieve 4% growth.