Rockwell Collins, Inc. (NYSE:COL) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday, August 1st.
Several other research analysts also recently issued reports on the company. Credit Suisse Group reaffirmed a “buy” rating and set a $120.00 price target on shares of Rockwell Collins in a research note on Wednesday, July 19th. Bank of America Corporation cut their price target on Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, June 9th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $135.00 price target on shares of Rockwell Collins in a research note on Friday, July 14th. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Wednesday, July 12th. Finally, Deutsche Bank AG lifted their price target on Rockwell Collins from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $115.65.
Shares of Rockwell Collins (COL) traded up 1.33% during midday trading on Tuesday, hitting $124.52. 2,708,826 shares of the stock were exchanged. The firm has a 50-day moving average price of $114.13 and a 200 day moving average price of $103.66. Rockwell Collins has a 12-month low of $78.54 and a 12-month high of $128.43. The firm has a market cap of $20.23 billion, a PE ratio of 24.71 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 EPS for the quarter, topping the consensus estimate of $1.58 by $0.06. The company 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%. The business’s revenue was up 57.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. Analysts predict that Rockwell Collins will post $6.08 earnings per share for the current fiscal year.
Rockwell Collins declared that its board has approved a share buyback plan on Friday, July 7th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the aerospace company to reacquire up to 1.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
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In other news, VP Jeffrey A. Standerski sold 6,300 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $108.44, for a total transaction of $683,172.00. Following the completion of the transaction, the vice president now owns 10,519 shares of the company’s stock, valued at approximately $1,140,680.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have bought 18,000 shares of company stock valued at $1,480. Corporate insiders own 1.50% of the company’s stock.
Hedge funds have recently modified their holdings of the company. CWM LLC boosted its stake in shares of Rockwell Collins by 0.4% in the second quarter. CWM LLC now owns 1,216 shares of the aerospace company’s stock worth $128,000 after buying an additional 5 shares during the last quarter. Montecito Bank & Trust boosted its stake in shares of Rockwell Collins by 0.5% in the first quarter. Montecito Bank & Trust now owns 2,666 shares of the aerospace company’s stock worth $259,000 after buying an additional 12 shares during the last quarter. Janney Capital Management LLC boosted its stake in shares of Rockwell Collins by 0.3% in the second quarter. Janney Capital Management LLC now owns 4,665 shares of the aerospace company’s stock worth $490,000 after buying an additional 15 shares during the last quarter. United Capital Financial Advisers LLC boosted its stake in shares of Rockwell Collins by 0.3% in the first quarter. United Capital Financial Advisers LLC now owns 5,783 shares of the aerospace company’s stock worth $562,000 after buying an additional 17 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its stake in shares of Rockwell Collins by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the aerospace company’s stock worth $311,000 after buying an additional 28 shares during the last quarter. Institutional investors and hedge funds own 67.81% of the company’s stock.
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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