Rockwell Collins, Inc. (COL) Cut to “Neutral” at Seaport Global Securities
Seaport Global Securities downgraded shares of Rockwell Collins, Inc. (NYSE:COL) from a buy rating to a neutral rating in a research report report published on Wednesday, Marketbeat reports.
Several other equities research analysts have also commented on COL. Jefferies Group LLC set a $108.00 price target on Rockwell Collins and gave the stock a hold rating in a research note on Monday, May 22nd. Sanford C. Bernstein started coverage on Rockwell Collins in a research note on Thursday, May 25th. They set an outperform rating and a $129.00 price target for the company. Royal Bank Of Canada restated a hold rating and set a $114.00 price target on shares of Rockwell Collins in a research note on Friday, May 26th. Bank of America Corporation dropped 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. Finally, ValuEngine upgraded Rockwell Collins from a hold rating to a buy rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Rockwell Collins currently has a consensus rating of Hold and a consensus target price of $120.91.
Rockwell Collins (NYSE:COL) traded down 0.30% during trading on Wednesday, reaching $130.95. The company’s stock had a trading volume of 2,786,147 shares. Rockwell Collins has a 1-year low of $78.54 and a 1-year high of $135.31. The company’s 50-day moving average is $122.50 and its 200-day moving average is $107.41. The company has a market capitalization of $21.28 billion, a P/E ratio of 25.99 and a beta of 0.75.
Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.06. The company had revenue of $2.09 billion during 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%. The firm’s revenue was up 57.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 earnings per share. Equities analysts anticipate that Rockwell Collins will post $6.09 EPS for the current year.
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Rockwell Collins announced that its Board of Directors has authorized a share repurchase plan on Friday, July 7th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the aerospace company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.32 dividend on an annualized basis and a yield of 1.01%. Rockwell Collins’s dividend payout ratio (DPR) is presently 26.04%.
Hedge funds and other institutional investors have recently modified their holdings of the business. NEXT Financial Group Inc grew its stake in Rockwell Collins by 35.7% during the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock valued at $100,000 after purchasing an additional 250 shares in the last quarter. Jacobi Capital Management LLC grew its stake in Rockwell Collins by 30.0% during the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 231 shares in the last quarter. Highlander Capital Management LLC grew its stake in Rockwell Collins by 106.0% during the 2nd quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 527 shares in the last quarter. Global X Management Co. LLC grew its stake in Rockwell Collins by 31.1% during the 1st quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 278 shares in the last quarter. Finally, Harfst & Associates Inc. acquired a new stake in Rockwell Collins during the 1st quarter valued at approximately $114,000. Hedge funds and other institutional investors own 77.86% of the company’s stock.
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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