Investors sold shares of Rockwell Collins, Inc. (NYSE:COL) on strength during trading on Thursday. $20.85 million flowed into the stock on the tick-up and $73.59 million flowed out of the stock on the tick-down, for a money net flow of $52.74 million out of the stock. Of all equities tracked, Rockwell Collins had the 13th highest net out-flow for the day. Rockwell Collins traded up $0.13 for the day and closed at $135.05
A number of equities research analysts recently commented on COL shares. ValuEngine raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Rockwell Collins from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research report on Wednesday, July 12th. BidaskClub raised shares of Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Morgan Stanley reissued an “overweight” rating and set a $124.00 target price (down previously from $125.00) on shares of Rockwell Collins in a research report on Thursday, July 13th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $135.00 target price on shares of Rockwell Collins in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $127.79.
The firm has a 50 day moving average price of $132.32 and a 200-day moving average price of $115.81. The firm has a market cap of $21.94 billion, a PE ratio of 26.80 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 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 during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. Rockwell Collins’s revenue for the quarter was up 57.0% on a year-over-year basis. Equities research analysts forecast that Rockwell Collins, Inc. will post $6.11 EPS for the current fiscal year.
Rockwell Collins declared that its Board of Directors has initiated a stock repurchase 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 repurchase up to 1.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
In other news, Director Harlan Donnley Meade acquired 1,666,667 shares of the company’s stock in a transaction on Friday, September 15th. The shares were bought at an average cost of $0.06 per share, with a total value of $100,000.02. Insiders own 1.50% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Artemis Investment Management LLP acquired a new position in Rockwell Collins in the 2nd quarter valued at $7,472,000. Frontier Investment Mgmt Co. acquired a new position in Rockwell Collins in the 2nd quarter valued at $375,000. Rosenblum Silverman Sutton S F Inc. CA acquired a new position in Rockwell Collins in the 2nd quarter valued at $4,120,000. Capital Analysts LLC acquired a new position in Rockwell Collins in the 2nd quarter valued at $2,183,000. Finally, Edmond DE Rothschild Holding S.A. increased its stake in Rockwell Collins by 61.5% in the 2nd 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 during the period. 77.77% of the stock is currently owned by institutional investors.
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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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