Rockwell Collins, Inc. (COL) Cut to Hold at ValuEngine
Rockwell Collins, Inc. (NYSE:COL) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday.
Several other equities analysts have also recently commented on COL. BidaskClub raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Rockwell Collins from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research report on Wednesday, July 12th. Credit Suisse Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of Rockwell Collins in a research report on Wednesday, July 19th. Canaccord Genuity upgraded Rockwell Collins from a “hold” rating to a “buy” rating and increased their price objective for the company from $108.00 to $125.00 in a research note on Tuesday, August 1st. Finally, Morgan Stanley set a $135.00 price objective on Rockwell Collins and gave the company a “buy” rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $123.46.
Rockwell Collins (NYSE:COL) traded up 0.57% during trading on Monday, reaching $131.46. The company’s stock had a trading volume of 1,958,775 shares. The stock has a market capitalization of $21.36 billion, a PE ratio of 26.09 and a beta of 0.73. The stock has a 50 day moving average price of $129.12 and a 200 day moving average price of $111.50. Rockwell Collins has a 1-year low of $78.54 and a 1-year high of $135.31.
Rockwell Collins (NYSE:COL) last announced its earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.06. Rockwell Collins had a net margin of 11.52% and a return on equity of 26.20%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm earned $1.63 EPS. The firm’s revenue for the quarter was up 57.0% on a year-over-year basis. Analysts anticipate that Rockwell Collins will post $6.09 earnings per share for the current fiscal year.
Rockwell Collins announced that its board has approved a share buyback 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 reacquire up to 1.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
In other news, Director Harlan Donnley Meade bought 1,666,667 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of $0.06 per share, with a total value of $100,000.02. 1.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in COL. CWM LLC lifted its stake in Rockwell Collins by 0.4% in the second quarter. CWM LLC now owns 1,216 shares of the aerospace company’s stock valued at $128,000 after buying an additional 5 shares during the last quarter. Janney Capital Management LLC grew its position in shares of Rockwell Collins by 0.3% during the second quarter. Janney Capital Management LLC now owns 4,665 shares of the aerospace company’s stock worth $490,000 after acquiring an additional 15 shares during the last quarter. United Capital Financial Advisers LLC grew its position in shares of Rockwell Collins by 0.3% during the first quarter. United Capital Financial Advisers LLC now owns 5,783 shares of the aerospace company’s stock worth $562,000 after acquiring an additional 17 shares during the last quarter. Cleararc Capital Inc. grew its position in shares of Rockwell Collins by 0.9% during the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the aerospace company’s stock worth $311,000 after acquiring an additional 28 shares during the last quarter. Finally, Whittier Trust Co. grew its position in shares of Rockwell Collins by 3.2% during the second quarter. Whittier Trust Co. now owns 1,141 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 35 shares during the last quarter. 72.31% of the stock is currently owned by institutional investors.
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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