Rockwell Collins, Inc. (COL) Position Reduced by BB&T Corp
BB&T Corp decreased its position in shares of Rockwell Collins, Inc. (NYSE:COL) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,488 shares of the aerospace company’s stock after selling 428 shares during the period. BB&T Corp’s holdings in Rockwell Collins were worth $1,109,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in COL. NEXT Financial Group Inc raised its holdings in Rockwell Collins by 35.7% during the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 250 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in Rockwell Collins by 30.0% during the second quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock worth $108,000 after purchasing an additional 231 shares in the last quarter. Highlander Capital Management LLC raised its holdings in Rockwell Collins by 106.0% during the second quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock worth $108,000 after purchasing an additional 527 shares in the last quarter. Whittier Trust Co. raised its holdings in Rockwell Collins by 3.2% during the second quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock worth $120,000 after purchasing an additional 35 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. bought a new stake in Rockwell Collins during the second quarter worth approximately $124,000. 77.61% of the stock is currently owned by hedge funds and other institutional investors.
Rockwell Collins, Inc. (NYSE COL) opened at 135.69 on Tuesday. Rockwell Collins, Inc. has a 52-week low of $81.11 and a 52-week high of $135.80. The stock has a market capitalization of $22.05 billion, a PE ratio of 26.93 and a beta of 0.73. The firm’s 50-day moving average is $132.69 and its 200 day moving average is $116.75.
Rockwell Collins (NYSE:COL) last posted its earnings results on Friday, October 27th. The aerospace company reported $1.80 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.80. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Rockwell Collins had a net margin of 10.33% and a return on equity of 22.00%. The business’s revenue for the quarter was up 51.8% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. On average, equities analysts forecast that Rockwell Collins, Inc. will post $7.09 earnings per share for the current year.
Rockwell Collins announced that its Board of Directors has initiated a stock buyback program on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
In related news, Director Harlan Donnley Meade acquired 1,666,667 shares of the stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $0.06 per share, with a total value of $100,000.02. Company insiders own 1.50% of the company’s stock.
Several equities research analysts recently commented on the company. J P Morgan Chase & Co reissued an “overweight” rating and set a $135.00 target price on shares of Rockwell Collins in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) set a $96.00 price target on Rockwell Collins and gave the company a “sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $115.00 price target (up previously from $108.00) on shares of Rockwell Collins in a report on Monday, July 31st. Vetr raised Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price target on the stock in a report on Monday, August 21st. Finally, Canaccord Genuity cut Rockwell Collins from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Rockwell Collins presently has a consensus rating of “Hold” and a consensus target price of $127.79.
About Rockwell Collins
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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