Markel Corp raised its position in shares of Rockwell Collins, Inc. (NYSE:COL) by 86.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,000 shares of the aerospace company’s stock after buying an additional 13,000 shares during the period. Markel Corp’s holdings in Rockwell Collins were worth $2,942,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COL. Teachers Advisors LLC increased its position in shares of Rockwell Collins by 18.7% in the fourth quarter. Teachers Advisors LLC now owns 356,876 shares of the aerospace company’s stock valued at $33,104,000 after buying an additional 56,233 shares during the last quarter. Kentucky Retirement Systems bought a new stake in Rockwell Collins during the fourth quarter worth about $877,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Rockwell Collins during the fourth quarter worth approximately $391,000. Highbridge Capital Management LLC boosted its position in shares of Rockwell Collins by 160.4% in the fourth quarter. Highbridge Capital Management LLC now owns 3,324 shares of the aerospace company’s stock worth $308,000 after buying an additional 8,824 shares during the last quarter. Finally, Foundry Partners LLC acquired a new position in shares of Rockwell Collins during the first quarter worth approximately $223,000. Institutional investors and hedge funds own 67.81% of the company’s stock.
Shares of Rockwell Collins, Inc. (NYSE:COL) traded up 1.33% during midday trading on Friday, reaching $124.52. 2,708,826 shares of the company traded hands. Rockwell Collins, Inc. has a 1-year low of $78.54 and a 1-year high of $128.43. The stock has a market capitalization of $20.23 billion, a P/E ratio of 24.71 and a beta of 0.78. The stock’s 50-day moving average is $114.13 and its 200-day moving average is $103.66.
Rockwell Collins (NYSE:COL) last released its quarterly 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 firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. Rockwell Collins’s revenue for the quarter was up 57.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 EPS. Equities analysts predict that Rockwell Collins, Inc. will post $6.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Thursday, August 10th. This represents a $1.32 annualized dividend and a yield of 1.06%. Rockwell Collins’s dividend payout ratio is presently 26.04%.
Rockwell Collins announced that its Board of Directors has authorized a stock buyback plan on Friday, July 7th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the aerospace company to reacquire up to 1.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
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A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Citigroup Inc. boosted their price objective on shares of Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday. ValuEngine lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Cowen and Company reiterated a “hold” rating and issued a $115.00 target price on shares of Rockwell Collins in a research note on Thursday, August 3rd. Finally, Sanford C. Bernstein assumed coverage on shares of Rockwell Collins in a research report on Thursday, May 25th. They set an “outperform” rating and a $129.00 price objective on the stock. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $115.65.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of Rockwell Collins stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $108.44, for a total transaction of $683,172.00. Following the sale, the vice president now directly owns 10,519 shares in the company, valued at approximately $1,140,680.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 18,000 shares of company stock worth $1,480 over the last 90 days. 1.50% of the stock is owned by company insiders.
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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