Traders sold shares of Rockwell Collins, Inc. (NYSE:COL) on strength during trading on Thursday. $39.31 million flowed into the stock on the tick-up and $70.04 million flowed out of the stock on the tick-down, for a money net flow of $30.73 million out of the stock. Of all stocks tracked, Rockwell Collins had the 0th highest net out-flow for the day. Rockwell Collins traded up $0.34 for the day and closed at $134.94
Several brokerages have recently commented on COL. Goldman Sachs Group, Inc. (The) set a $96.00 price target on shares of Rockwell Collins and gave the stock a “sell” rating in a research report on Tuesday, August 1st. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $135.00 price target on shares of Rockwell Collins in a research report on Friday, July 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $115.00 price target (up previously from $108.00) on shares of Rockwell Collins in a research report on Monday, July 31st. Vetr raised shares of Rockwell Collins from a “hold” rating to a “strong-buy” rating and set a $166.10 price target on the stock in a research report on Monday, August 21st. Finally, Canaccord Genuity cut shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Rockwell Collins presently has an average rating of “Hold” and a consensus price target of $126.22.
The company’s 50 day moving average is $131.32 and its 200 day moving average is $113.61. The stock has a market cap of $21.89 billion, a P/E ratio of 26.73 and a beta of 0.73.
Rockwell Collins (NYSE:COL) last released its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate 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 net margin of 11.52% and a return on equity of 26.20%. The company’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. Equities research analysts forecast that Rockwell Collins, Inc. will post $6.09 EPS for the current fiscal year.
Rockwell Collins declared that its board has approved a share buyback plan on Friday, July 7th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the aerospace company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Harlan Donnley Meade purchased 1,666,667 shares of Rockwell Collins stock in a transaction on Friday, September 15th. The shares were purchased at an average cost of $0.06 per share, for a total transaction of $100,000.02. 1.50% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Artemis Investment Management LLP acquired a new position in Rockwell Collins in the second quarter valued at about $7,472,000. Rosenblum Silverman Sutton S F Inc. CA acquired a new position in Rockwell Collins in the second quarter valued at about $4,120,000. Capital Analysts LLC acquired a new position in Rockwell Collins in the second quarter valued at about $2,183,000. Schwab Charles Investment Management Inc. boosted its position in Rockwell Collins by 4.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 408,655 shares of the aerospace company’s stock valued at $39,705,000 after buying an additional 15,531 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its position in Rockwell Collins by 61.5% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 10,173 shares of the aerospace company’s stock valued at $1,069,000 after buying an additional 3,873 shares in the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.
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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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