Rockwell Collins, Inc. (COL) Earns Hold Rating from Jefferies Group LLC
Jefferies Group LLC reaffirmed their hold rating on shares of Rockwell Collins, Inc. (NYSE:COL) in a research report released on Tuesday morning. Jefferies Group LLC currently has a $108.00 price objective on the aerospace company’s stock.
Several other equities analysts have also issued reports on the stock. Bank of America Corporation decreased their price target on shares of Rockwell Collins from $115.00 to $95.00 and set a neutral rating for the company in a report on Friday, June 9th. Deutsche Bank AG boosted their price target on shares of Rockwell Collins from $115.00 to $125.00 and gave the company a buy rating in a report on Monday, April 24th. Barclays PLC boosted their price target on shares of Rockwell Collins from $115.00 to $122.00 and gave the company an overweight rating in a report on Tuesday, April 25th. Zacks Investment Research raised shares of Rockwell Collins from a hold rating to a buy rating and set a $108.00 price target for the company in a report on Monday, March 27th. Finally, Cowen and Company reissued an outperform rating and issued a $112.00 price target on shares of Rockwell Collins in a report on Monday, April 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $111.32.
Rockwell Collins (NYSE:COL) traded up 4.32% during midday trading on Tuesday, hitting $113.73. The stock had a trading volume of 2,874,809 shares. The company has a market cap of $18.47 billion, a P/E ratio of 20.41 and a beta of 0.79. Rockwell Collins has a one year low of $78.54 and a one year high of $114.21. The stock’s 50-day moving average is $107.20 and its 200-day moving average is $100.42.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.06. Rockwell Collins had a net margin of 13.83% and a return on equity of 34.40%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the business earned $1.63 EPS. The business’s quarterly revenue was up 57.0% compared to the same quarter last year. Equities analysts predict that Rockwell Collins will post $6.05 EPS for the current fiscal year.
Rockwell Collins announced that its Board of Directors has approved a stock repurchase program on Friday, July 7th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the aerospace company to repurchase up to 1.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other Rockwell Collins news, VP David J. Nieuwsma sold 6,250 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $105.00, for a total transaction of $656,250.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Bruce Michael King sold 2,550 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $104.00, for a total transaction of $265,200.00. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 26,000 shares of company stock worth $2,120 and have sold 15,100 shares worth $1,604,622. Insiders own 1.50% of the company’s stock.
Large investors have recently modified their holdings of the company. Gulf International Bank UK Ltd boosted its stake in shares of Rockwell Collins by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 38,488 shares of the aerospace company’s stock valued at $3,739,000 after buying an additional 400 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Rockwell Collins by 19.4% in the first quarter. Raymond James Trust N.A. now owns 3,759 shares of the aerospace company’s stock valued at $365,000 after buying an additional 611 shares during the period. Gibraltar Capital Management Inc. boosted its stake in shares of Rockwell Collins by 1.4% in the first quarter. Gibraltar Capital Management Inc. now owns 30,366 shares of the aerospace company’s stock valued at $2,950,000 after buying an additional 411 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Rockwell Collins by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 114,497 shares of the aerospace company’s stock valued at $11,125,000 after buying an additional 3,937 shares during the period. Finally, Atalanta Sosnoff Capital LLC acquired a new stake in shares of Rockwell Collins during the first quarter valued at approximately $833,000. 66.22% of the stock is currently owned by hedge funds and other institutional investors.
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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