Honeywell Aerospace Inc. Common Stock When Issued research snapshot
HONAV AI stock analysis is a reference page for Honeywell Aerospace common stock when issued, which Nasdaq confirms changed to HONA effective June 29, 2026. The when-issued market traded from June 15, 2026 and then converted into the regular-way HONA listing, so no HONAV-specific price, technical, or valuation series survives that conversion. At the August 2026 data cutoff, the same economic interest traded under HONA at $206.74 with a verified market capitalization of about $65.52 billion. The scenarios below use current HONA data and are not price predictions.
Current price
No current HONAV quote exists because the symbol converted to HONA. The same shares trade under HONA, which closed at $206.74 on July 31, 2026.
Market cap
No independently reported HONAV market cap exists. The successor HONA market cap was $65.52 billion, verified as $206.74 x 316.94 million shares by financial_rigor.py.
AI score
60 / 100
Rating
Successor business rated Buy by 15 analysts with a $260.50 average target, but HONAV itself is a retired when-issued symbol and cannot be traded directly
Trend status
HONAV changed to HONA on June 29, 2026, so no live HONAV trend exists. The successor HONA consolidated near $200 to $210 with RSI near 49.68 at the cutoff.
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | The underlying Honeywell Aerospace business sells mission-critical avionics, engines, auxiliary power units, power systems, controls, services, and defense technology into long-lived aerospace platforms. | Medium-high |
| Moat | Certification requirements, installed base, aftermarket service, engineering depth, reliability, and switching costs create a strong moat, although GE Aerospace, RTX, Safran, and defense primes keep competition intense. | Medium-high |
| Management | Jim Currier leads Honeywell Aerospace as President and CEO with Josh Jepsen as CFO. The open question is whether the standalone company converts focus into disciplined capital allocation and cash conversion. | Medium |
| Financial trend | Successor TTM figures are revenue near $17.68 billion, net income near $2.54 billion, gross margin near 34.89%, operating margin near 19.64%, and free cash flow near $2.66 billion. FY2025 revenue was $17.40 billion and net income was $2.69 billion. | Medium-high |
| Valuation | At the successor $206.74 price and TTM EPS near $8.03, the trailing PE is about 25.76x and the forward PE near 22.75x. This is current HONA valuation, not a live HONAV number. | Medium |
| Technical trend | No current HONAV chart is valid because the ticker converted to HONA. The successor consolidated near $200 to $210 with RSI near 49.68 after a July 24 low of $192.03. | Medium |
| Risk level | Ticker conversion risk, high successor net debt near $15.16 billion, negative book value, new-issue volatility, supply constraints, aircraft production cycles, defense timing, and valuation compression are material risks. | High |
| AI confidence | Corporate-action facts and successor market and financial data are well supported. HONAV-specific forecasts and technical conclusions are constrained by the retired ticker and short standalone history. | Medium |
| Investment certainty | Low for HONAV itself because the symbol no longer trades. Certainty for the economic interest depends on the successor HONA proving standalone earnings, cash flow, and debt paydown over several quarters. | High |
HONAV AI stock forecast
The HONAV AI stock forecast is a successor-company scenario exercise, not a forecast for a live security. Using the HONA $206.74 reference, TTM EPS near $8.03, and a three-year model, financial_rigor.py produced mechanical values of $315.90 for the bullish case, $232.70 for the base case, and $140.40 for the bearish case before any dividends.
$305 to $325 successor model value
More likely if commercial aftermarket demand stays strong, the IndiGo and Aeromexico wins convert into sustained OEM and aftermarket revenue, defense orders accelerate, adjusted EPS grows near 12% annually, and investors keep a premium aerospace multiple.
$225 to $245 successor model value
More likely if the successor compounds EPS near 8% annually, keeps margins stable, reports clean standalone cash flow, pays down debt, and trades around a low-to-mid 20s earnings multiple.
$130 to $150 successor model value
More likely if high net debt and negative book value limit flexibility, aircraft production rates disappoint, defense budgets shift, supply-chain costs pressure margins, or the market lowers the multiple.
HONAV AI technical analysis
HONAV AI technical analysis is necessarily historical because Nasdaq confirms the when-issued symbol changed to HONA effective June 29, 2026. No HONAV moving averages, RSI, volume series, support, or resistance series exist beyond the short when-issued window. The levels below are the successor HONA reference as of the July 31, 2026 close.
| Level | Value | Why it matters |
|---|---|---|
| HONAV status | Converted to HONA | Nasdaq confirms HONAV traded when-issued from June 15, 2026 and changed to HONA effective June 29, 2026. |
| Successor price reference | $206.74 | HONA closed at $206.74 on July 31, 2026 after an intraday range of $202.01 to $209.77. |
| Support | $192 to $202 | HONA set a $192.03 low on July 24, 2026; the $198 to $202 zone is the nearest first support area for the successor. |
| Resistance | $209 to $220 | The July 31 intraday high was $209.77 and the July 28 high was $219.20, so this band is the immediate overhead zone. |
| Moving averages | Not available for HONAV | No verified HONAV moving-average series exists, and the successor HONA has too short a history for reliable 50-day or 200-day averages. |
| Momentum | Successor RSI near 49.68 | Neutral momentum for the successor; no HONAV-specific RSI series is available. |
| Volume | Successor 20-day average near 2.97 million | The successor HONA turnover normalized after the June 29 listing; no HONAV-specific volume series exists. |
| Volatility | Elevated structural uncertainty | The when-issued window and subsequent conversion make any HONAV-specific volatility inference unreliable. |
| Invalidation | Use HONA data instead | Any trade thesis based on HONAV is invalid because the regular-way listing now uses HONA. |
HONAV AI trading strategy
This HONAV AI trading strategy is a research framework, not personal advice. Because HONAV is no longer the active listing, it does not provide an executable setup. Use the successor ticker HONA for current chart, liquidity, order, filing, and risk-control checks.
Do not use retired HONAV quotes for a trend signal. For successor research, require a current HONA trend confirmation with verified volume, a hold above $198, and updated standalone filings.
Do not place orders using a stale or retired ticker. Confirm the active listing, bid-ask spread, and any corporate-action treatment with a broker.
Treat any HONAV price history as context only. Compare a successor HONA pullback toward $192 to $202 with current earnings, net debt, free cash flow, and aerospace demand data.
A historical when-issued price is not a support level. Invalidate the setup if successor filings or leverage evidence weaken the business case.
Monitor commercial aftermarket demand, the IndiGo and Aeromexico pipelines, defense orders, aircraft production, supply-chain investment, segment margins, free cash flow, net debt, and capital allocation through current HONA disclosures, starting with the August 5, 2026 earnings report.
Keep position size and stop conditions tied to the current tradable HONA security and your own risk tolerance, not to HONAV history.
Investment research summary
Customers pay the underlying aerospace business because aircraft, defense platforms, engines, avionics, flight controls, and power systems must operate safely for decades. Mission-critical equipment creates original-equipment, aftermarket, service, software, and upgrade revenue.
The moat rests on certification, installed base, long product cycles, customer trust, engineering depth, aftermarket parts, and global support. It can be narrowed by GE Aerospace, RTX, Safran, customer bargaining power, or technology change.
The thesis can fail through successor leverage, negative book value, supply bottlenecks, lower aircraft production, defense delays, safety or warranty issues, and a market multiple that no longer rewards premium aerospace assets.
Jim Currier leads the aerospace company after running the business within Honeywell. The critical questions are whether operational focus improves capacity and whether capital allocation remains disciplined after separation.
Commercial aviation aftermarket demand, defense readiness, space activity, autonomy, and efficiency upgrades support the long-term case. The IndiGo and Aeromexico wins show demand for new content. Aerospace remains cyclical, regulated, capital intensive, and exposed to supplier constraints.
The successor trades near $206.74 with about 25.76x trailing EPS and more than $65 billion of equity value, below the average analyst target near $260.50. A current margin-of-safety conclusion needs successor standalone free cash flow, debt, and recurring earnings evidence.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| HONAV trading status | HONAV traded when-issued from June 15, 2026 and changed to HONA effective June 29, 2026, with one Honeywell Aerospace share distributed for every two Honeywell shares held. | Nasdaq Trader corporate-action alert | August 2, 2026 |
| Successor HONA price | $206.74 close on July 31, 2026; after-hours $206.42. No current HONAV quote exists. | StockAnalysis | July 31, 2026 |
| Market capitalization | $65.52 billion for HONA, verified by financial_rigor.py as $206.74 x 316.94 million shares with a 0.01% deviation. No HONAV-specific market cap was reported. | StockAnalysis and financial_rigor.py | August 2, 2026 |
| TTM revenue and net income | Successor TTM revenue near $17.68 billion and net income near $2.54 billion. FY2025 revenue was $17.40 billion and FY2025 net income was $2.69 billion. | StockAnalysis | July 30, 2026 |
| Margins | Successor gross margin near 34.89%, operating margin near 19.64%, and net margin near 14.39%. | StockAnalysis | August 2, 2026 |
| Successor balance sheet | Cash near $989 million, total debt near $16.15 billion, net cash near -$15.16 billion, and book value near -$5.51 billion. | StockAnalysis | August 2, 2026 |
| Free cash flow | Successor operating cash flow near $3.20 billion, capex near -$540 million, and free cash flow near $2.66 billion with FCF per share near $8.40. | StockAnalysis | August 2, 2026 |
| Valuation math | Successor trailing PE near 25.76x on EPS near $8.03, forward PE near 22.75x, P/S near 3.71x, and P/FCF near 24.61x, cross-checked with financial_rigor.py. | StockAnalysis and financial_rigor.py | August 2, 2026 |
| Analyst consensus | 15 analysts, consensus Buy, average price target near $260.50, with a range of about $231 to $306. | StockAnalysis forecast page | July 20, 2026 |
| Leadership and business scope | Jim Currier is President and CEO and Josh Jepsen is CFO. Honeywell Aerospace serves commercial aviation, defense, business aviation, and space customers. | StockAnalysis company profile | July 27, 2026 |
| Recent commercial wins | On July 20, 2026, IndiGo selected Honeywell Aerospace avionics and APUs to equip 810 new Airbus A320neo family aircraft, and Aeromexico selected runway safety technology for more than 100 aircraft. | PR Newswire releases | July 20, 2026 |
| Next earnings | The successor HONA is scheduled to release Q2 2026 financial results and hold its investor call on Wednesday, August 5, 2026. | PR Newswire release | July 17, 2026 |
| HONAV-specific cash and debt | Source gap. No reliable HONAV-specific cash, debt, or free-cash-flow data exists for the retired temporary ticker; successor HONA balance-sheet data is the usable reference. | Research source gap | August 2, 2026 |
This HONAV AI stock analysis is an informational research tool only and is not investment advice, a recommendation, or a promise of return. HONAV was a temporary when-issued symbol that changed to HONA on June 29, 2026. Successor HONA scenarios may be wrong and cannot substitute for current market data, filings, or personal risk assessment.
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