Rockwell Collins, Inc. (NYSE:COL)‘s stock had its “buy” rating reiterated by Credit Suisse Group in a research note issued on Wednesday, July 19th. They currently have a $120.00 price target on the aerospace company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 5.51% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Barclays PLC restated an “outperform” rating and set a $59.00 price target (down previously from $96.00) on shares of Rockwell Collins in a research note on Friday, April 14th. Cowen and Company restated an “outperform” rating and set a $112.00 price target on shares of Rockwell Collins in a research note on Monday, April 17th. Jefferies Group LLC restated a “hold” rating and set a $93.00 price target on shares of Rockwell Collins in a research note on Tuesday, April 18th. Finally, Robert W. Baird upgraded shares of Rockwell Collins from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $118.00 in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. Rockwell Collins has a consensus rating of “Buy” and an average target price of $111.32.
Shares of Rockwell Collins (NYSE:COL) traded up 4.32% during mid-day trading on Wednesday, reaching $113.73. The company had a trading volume of 2,874,809 shares. The company’s 50-day moving average price is $107.20 and its 200-day moving average price is $100.42. Rockwell Collins has a 52-week low of $78.54 and a 52-week high of $114.21. The company has a market capitalization of $18.47 billion, a PE ratio of 20.41 and a beta of 0.79.
Rockwell Collins (NYSE:COL) last released its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a net margin of 13.83% and a return on equity of 34.40%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the company earned $1.63 earnings per share. The firm’s revenue was up 57.0% on a year-over-year basis. On average, analysts forecast that Rockwell Collins will post $6.05 earnings per share for the current fiscal year.
Rockwell Collins declared that its Board of Directors has authorized a share repurchase program on Friday, July 7th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the aerospace company to repurchase up to 1.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
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In related news, VP Bruce Michael King sold 2,550 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $104.00, for a total value of $265,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jeffrey A. Standerski sold 6,300 shares of the business’s stock in a transaction on 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 sale, the vice president now directly owns 10,519 shares in the company, valued at $1,140,680.36. The disclosure for this sale can be found here. Over the last three months, insiders have bought 26,000 shares of company stock worth $2,120 and have sold 15,100 shares worth $1,604,622. Company insiders own 1.50% of the company’s stock.
A number of large investors have recently bought and sold shares of COL. Federated Investors Inc. PA raised its stake in shares of Rockwell Collins by 718.8% in the fourth quarter. Federated Investors Inc. PA now owns 3,488 shares of the aerospace company’s stock valued at $324,000 after buying an additional 3,062 shares during the last quarter. Numeric Investors LLC raised its stake in shares of Rockwell Collins by 25.0% in the fourth quarter. Numeric Investors LLC now owns 3,000 shares of the aerospace company’s stock valued at $278,000 after buying an additional 600 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Rockwell Collins during the fourth quarter valued at about $5,998,000. HighPoint Advisor Group LLC raised its stake in shares of Rockwell Collins by 64.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 13,341 shares of the aerospace company’s stock valued at $1,306,000 after buying an additional 5,217 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake 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. 66.22% of the stock is currently owned by institutional investors and hedge funds.
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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