Valueworks Buys into Honeywell Aerospace with $5.5 Million Stake
Valueworks LLC has acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, purchasing 25,049 shares valued at approximately $5,538,000. This investment represents about 1.2% of Valueworks' portfolio and makes HONA its 27th largest holding.
Other notable investors have also increased their stakes in Honeywell Aerospace during the same period. Hardy Reed LLC, Plan Group Financial LLC, Mill Capital Management LLC, Bryn Mawr Trust Advisors LLC, and Oppenheimer Asset Management Inc. all bought new positions in the company, with Oppenheimer purchasing shares worth approximately $8,809,000.
Honeywell Aerospace's stock performance has been steady, opening at $160.75 on Friday with a market cap of $50.95 billion and a price-to-earnings ratio of 85.96. Analysts have issued mixed predictions for the company, with one upgrading shares to 'strong-buy' while others maintain neutral or hold ratings.