Is Honeywell Aerospace Outperforming the Nasdaq?

Is Honeywell Aerospace Outperforming the Nasdaq?

Tue, September 15, 2026 at 3:27 PM GMT+3 2 min read

• HONA +3.59%
• ^IXIC -0.01%

Based in Phoenix, Arizona, Honeywell Aerospace Inc. (HONA), is an aerospace company that develops engines, avionics, flight controls, navigation, sensors, propulsion systems, and other technologies for commercial aviation, defense, business aviation, and space applications.

Companies valued between $10 billion and $200 billion are generally classified as "large-cap stocks," and Honeywell Aerospace, with a market capitalization of approximately $50.2 billion, comfortably fits this category. Its diversified portfolio spanning avionics, engines, power systems, and controls makes it a key player within the aerospace and defense industry.

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However, HONA has had a rocky start as a standalone company and has slipped 6.9% from its 52-week high of $297.50, reached on June 16, 2026. Over the past five days, HONA shares have gained 1.9%, outperforming the Nasdaq Composite ($NASX), which has gained 1.1% over the same period.

Shares of HONA have slipped 1.4% over the past month, holding up better than the Nasdaq Composite, which has declined 2% over the same period.

HONA has been trading below its 50-day moving average since late August, pointing to some near-term weakness.

HONA has stumbled out of the gate following its spinoff from Honeywell International Inc. (HON), with the stock retreating sharply from its mid-June highs. Weak first earnings results as a standalone company, a reduced growth outlook, and post-spinoff selling pressure have weighed on investor sentiment.

On August 5, Honeywell Aerospace reported second-quarter earnings and its shares dipped 5.9% as investors weighed the company's lower full-year guidance. Its sales stood at $4.5 billion, up 5.4% year over year on both a reported and organic basis. Commercial aftermarket sales increased 8%, while its backlog grew 9% to $18.2 billion and trailing twelve-month orders rose 8%, led by continued strength in defense and space. The company also secured $15 billion in new wins year to date, potentially supporting its longer-term growth outlook. Honeywell Aerospace reduced its 2026 organic sales growth outlook to 4% to 5% from 7% to 9%, while maintaining its second-half free cash flow outlook of $1 billion to $1.5 billion.

Space Exploration Technologies Corp. (SPCX), one of HONA's key competitors, has shown resilience, with shares gaining 5.8% over the past month and outperforming HONA.

Wall Street analysts remain somewhat bullish on HONA's prospects. The stock carries a consensus "Moderate Buy" rating from the 14 analysts covering it. The mean price target of $217.77 implies 32.7% upside from its current price.

On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com