Rockwell Collins Target of Unusually Large Options Trading (COL)
Rockwell Collins, Inc. (NYSE:COL) was the recipient of unusually large options trading on Tuesday. Traders acquired 17,620 call options on the stock. This represents an increase of 443% compared to the typical volume of 3,247 call options.
A number of hedge funds have recently added to or reduced their stakes in the company. M Holdings Securities Inc. purchased a new stake in Rockwell Collins during the second quarter valued at $378,000. USA Financial Portformulas Corp purchased a new stake in Rockwell Collins during the second quarter valued at $4,163,000. Sentry Investment Management LLC boosted its stake in Rockwell Collins by 1.1% in the second quarter. Sentry Investment Management LLC now owns 9,707 shares of the aerospace company’s stock valued at $1,020,000 after buying an additional 104 shares during the last quarter. Toronto Dominion Bank boosted its stake in Rockwell Collins by 53.4% in the second quarter. Toronto Dominion Bank now owns 56,614 shares of the aerospace company’s stock valued at $5,948,000 after buying an additional 19,712 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Rockwell Collins during the second quarter valued at $273,000. 77.83% of the stock is owned by institutional investors and hedge funds.
Shares of Rockwell Collins (NYSE:COL) opened at 131.05 on Friday. The company has a market capitalization of $21.29 billion, a PE ratio of 26.01 and a beta of 0.78. The stock’s 50 day moving average price is $119.24 and its 200-day moving average price is $106.05. Rockwell Collins has a 52-week low of $78.54 and a 52-week high of $131.28.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.06. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The firm’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period last year, the firm posted $1.63 EPS. On average, analysts expect that Rockwell Collins will post $6.09 earnings per share for the current year.
The company also recently declared 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. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.32 annualized dividend and a yield of 1.01%. Rockwell Collins’s payout ratio is currently 26.04%.
Rockwell Collins announced that its board has authorized a stock buyback program on Friday, July 7th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the aerospace company to purchase up to 1.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
Several equities research analysts recently weighed in on COL shares. Vetr upgraded Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 target price for the company in a report on Monday, August 21st. Canaccord Genuity upgraded Rockwell Collins from a “hold” rating to a “buy” rating and boosted their target price for the stock from $108.00 to $125.00 in a report on Tuesday, August 1st. Morgan Stanley set a $135.00 target price on Rockwell Collins and gave the stock a “buy” rating in a report on Thursday, August 17th. Citigroup Inc. boosted their target price on Rockwell Collins from $93.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Finally, BidaskClub lowered Rockwell Collins from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $119.62.
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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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