Rockwell Collins, Inc. (COL) Position Maintained by Armstrong Shaw Associates Inc. CT

Armstrong Shaw Associates Inc. CT held its stake in shares of Rockwell Collins, Inc. (NYSE:COL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,500 shares of the aerospace company’s stock at the end of the second quarter. Armstrong Shaw Associates Inc. CT’s holdings in Rockwell Collins were worth $263,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. NEXT Financial Group Inc increased its stake in shares of Rockwell Collins by 35.7% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after buying an additional 250 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Rockwell Collins by 30.1% in the first quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock worth $108,000 after buying an additional 256 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Rockwell Collins by 31.1% in the first quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock worth $114,000 after buying an additional 278 shares during the last quarter. Harfst & Associates Inc. acquired a new position in shares of Rockwell Collins during the first quarter worth approximately $114,000. Finally, CWM LLC boosted its position in shares of Rockwell Collins by 71.5% in the first quarter. CWM LLC now owns 1,211 shares of the aerospace company’s stock worth $118,000 after buying an additional 505 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.

Rockwell Collins, Inc. (COL) traded up 3.57% during trading on Monday, hitting $123.25. 4,558,505 shares of the stock were exchanged. The company has a market cap of $20.03 billion, a price-to-earnings ratio of 24.46 and a beta of 0.78. The stock’s 50 day moving average is $107.44 and its 200-day moving average is $100.84. Rockwell Collins, Inc. has a one year low of $78.54 and a one year high of $127.32.

Rockwell Collins (NYSE:COL) last released its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 was up 57.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 earnings per share. On average, equities research analysts expect that Rockwell Collins, Inc. will post $6.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, August 10th. Rockwell Collins’s payout ratio is currently 26.04%.

Rockwell Collins declared that its Board of Directors has authorized a share buyback program on Friday, July 7th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the aerospace company to buy up to 1.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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A number of equities analysts have recently commented on the stock. Jefferies Group LLC set a $108.00 target price on shares of Rockwell Collins and gave the company a “hold” rating in a report on Monday, May 22nd. Vertical Research lifted their target price on shares of Rockwell Collins from $100.00 to $110.00 and gave the company a “hold” rating in a report on Monday, April 24th. Bank of America Corporation cut their target price on shares of Rockwell Collins from $115.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, June 9th. BidaskClub raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $112.00 target price on shares of Rockwell Collins in a report on Monday, April 17th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $113.79.

In related news, VP Jeffrey A. Standerski sold 6,300 shares of Rockwell Collins 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 transaction, the vice president now directly owns 10,519 shares of the company’s stock, valued at $1,140,680.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David J. Nieuwsma sold 6,250 shares of Rockwell Collins stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $105.00, for a total value of $656,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 18,000 shares of company stock worth $1,480. 1.50% of the stock is owned by corporate insiders.

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.