Rockwell Collins, Inc. (COL) Stock Rating Lowered by BidaskClub
BidaskClub downgraded shares of Rockwell Collins, Inc. (NYSE:COL) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
A number of other equities research analysts have also issued reports on COL. Jefferies Group LLC reiterated a hold rating and issued a $108.00 price target on shares of Rockwell Collins in a research note on Tuesday. Credit Suisse Group reiterated a buy rating and issued a $120.00 price target on shares of Rockwell Collins in a research note on Friday, March 31st. ValuEngine upgraded Rockwell Collins from a hold rating to a buy rating in a research note on Thursday, July 6th. Vertical Research increased their price target on Rockwell Collins from $100.00 to $110.00 and gave the stock a hold rating in a research note on Monday, April 24th. Finally, Sanford C. Bernstein began coverage on Rockwell Collins in a research note on Thursday, May 25th. They issued an outperform rating and a $129.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $111.32.
Rockwell Collins (COL) traded up 4.32% during trading on Tuesday, reaching $113.73. The company had a trading volume of 2,874,809 shares. The firm has a market capitalization of $18.47 billion, a P/E ratio of 20.41 and a beta of 0.79. The firm’s 50-day moving average price is $107.20 and its 200 day moving average price is $100.42. Rockwell Collins has a one year low of $78.54 and a one year high of $114.21.
Rockwell Collins (NYSE:COL) last issued its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 34.40% and a net margin of 13.83%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the business posted $1.63 EPS. Rockwell Collins’s revenue for the quarter was up 57.0% compared to the same quarter last year. Equities analysts forecast that Rockwell Collins will post $6.05 earnings per share for the current fiscal year.
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Rockwell Collins declared that its board has approved a stock buyback program on Friday, July 7th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the aerospace company to buy up to 1.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
In other Rockwell Collins news, VP Bruce Michael King sold 2,550 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $104.00, for a total value of $265,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeffrey A. Standerski sold 6,300 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $108.44, for a total transaction of $683,172.00. Following the completion of the sale, the vice president now directly owns 10,519 shares of the company’s stock, valued at approximately $1,140,680.36. The disclosure for this sale can be found here. In the last quarter, insiders purchased 26,000 shares of company stock valued at $2,120 and sold 15,100 shares valued at $1,604,622. Company insiders own 1.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Markel Corp increased its stake in shares of Rockwell Collins by 86.7% in the second quarter. Markel Corp now owns 28,000 shares of the aerospace company’s stock valued at $2,942,000 after buying an additional 13,000 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Rockwell Collins by 19.4% in the second quarter. Texas Permanent School Fund now owns 45,626 shares of the aerospace company’s stock valued at $4,794,000 after buying an additional 7,400 shares during the last quarter. World Asset Management Inc increased its stake in shares of Rockwell Collins by 9.2% in the second quarter. World Asset Management Inc now owns 15,948 shares of the aerospace company’s stock valued at $1,676,000 after buying an additional 1,340 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Rockwell Collins by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 4,664 shares of the aerospace company’s stock valued at $490,000 after buying an additional 1,164 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Rockwell Collins during the second quarter valued at about $11,559,000. 66.22% of the stock is 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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