Rockwell Collins, Inc. (NYSE:COL) Lifted to “Hold” at BidaskClub
BidaskClub upgraded shares of Rockwell Collins, Inc. (NYSE:COL) from a sell rating to a hold rating in a report released on Tuesday.
Several other brokerages have also issued reports on COL. Credit Suisse Group reissued a buy rating and set a $120.00 target price on shares of Rockwell Collins in a research note on Wednesday, July 19th. Canaccord Genuity raised shares of Rockwell Collins from a hold rating to a buy rating and increased their target price for the stock from $108.00 to $125.00 in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a hold rating and set a $114.00 target price on shares of Rockwell Collins in a research note on Friday, May 26th. Jefferies Group LLC set a $108.00 target price on shares of Rockwell Collins and gave the stock a hold rating in a research note on Monday, May 22nd. Finally, ValuEngine raised shares of Rockwell Collins from a hold rating to a buy rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $113.79.
Shares of Rockwell Collins (NYSE COL) traded down 0.93% during midday trading on Tuesday, hitting $124.58. 2,253,717 shares of the company were exchanged. Rockwell Collins has a one year low of $78.54 and a one year high of $128.43. The firm’s 50 day moving average price is $111.19 and its 200 day moving average price is $102.45. The firm has a market capitalization of $20.24 billion, a price-to-earnings ratio of 24.72 and a beta of 0.78.
Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.06. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. Rockwell Collins’s revenue was up 57.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 earnings per share. Analysts forecast that Rockwell Collins will post $6.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Collins’s payout ratio is currently 26.04%.
Rockwell Collins declared that its Board of Directors has initiated a share buyback plan on Friday, July 7th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to purchase up to 1.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $108.44, for a total transaction of $683,172.00. Following the transaction, the vice president now directly owns 10,519 shares of the company’s stock, valued at approximately $1,140,680.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have acquired 18,000 shares of company stock worth $1,480. Insiders own 1.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of COL. NEXT Financial Group Inc increased its position in shares of Rockwell Collins by 35.7% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after buying an additional 250 shares during the last quarter. Jacobi Capital Management LLC increased its position in shares of Rockwell Collins by 30.0% in the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock worth $108,000 after buying an additional 231 shares during the last quarter. Whittier Trust Co. increased its position in shares of Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock worth $108,000 after buying an additional 256 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after buying an additional 278 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. bought a new position in shares of Rockwell Collins during the second quarter worth about $124,000. 66.74% of the stock is currently owned by institutional investors and hedge funds.
Rockwell Collins Company Profile
Rockwell Collins, Inc designs, produces and supports communications and aviation systems for commercial and military customers. The Company provides information management services through voice and data communication networks and solutions across the world. The Company operates through three segments: Commercial Systems, Government Systems and Information Management Services.
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