American National Insurance Co. TX continued to hold its stake in shares of Rockwell Collins, Inc. (NYSE:COL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,580 shares of the aerospace company’s stock at the end of the second quarter. American National Insurance Co. TX owned about 0.06% of Rockwell Collins worth $9,833,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in Rockwell Collins by 21.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 37,121 shares of the aerospace company’s stock worth $3,901,000 after buying an additional 6,584 shares during the last quarter. Legacy Private Trust Co. purchased a new stake in Rockwell Collins during the second quarter worth approximately $2,483,000. Winslow Evans & Crocker Inc. purchased a new stake in Rockwell Collins during the second quarter worth approximately $124,000. Abner Herrman & Brock LLC purchased a new stake in Rockwell Collins during the second quarter worth approximately $2,536,000. Finally, Buffington Mohr McNeal boosted its stake in Rockwell Collins by 5.0% in the second quarter. Buffington Mohr McNeal now owns 50,862 shares of the aerospace company’s stock worth $5,345,000 after buying an additional 2,445 shares during the last quarter. 66.74% of the stock is currently owned by institutional investors.
Shares of Rockwell Collins, Inc. (COL) opened at 124.58 on Friday. Rockwell Collins, Inc. has a 52-week low of $78.54 and a 52-week high of $128.43. The stock has a market cap of $20.24 billion, a price-to-earnings ratio of 24.72 and a beta of 0.78. The firm has a 50-day moving average price of $110.61 and a 200 day moving average price of $102.21.
Rockwell Collins (NYSE:COL) last issued its 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 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%. Rockwell Collins’s revenue was up 57.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 earnings per share. Analysts expect that Rockwell Collins, Inc. will post $6.08 earnings per share for the current year.
The company also recently disclosed 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 is Thursday, August 10th. This represents a $1.32 annualized dividend and a dividend yield of 1.06%. Rockwell Collins’s dividend payout ratio is 26.04%.
Rockwell Collins announced that its board has authorized a share repurchase plan on Friday, July 7th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to purchase up to 1.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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Several research firms have recently issued reports on COL. BidaskClub raised shares of Rockwell Collins from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Cowen and Company lowered shares of Rockwell Collins from an “outperform” rating to a “market perform” rating in a research note on Monday, July 31st. Credit Suisse Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of Rockwell Collins in a research note on Wednesday, July 19th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $135.00 target price on shares of Rockwell Collins in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. Rockwell Collins currently has a consensus rating of “Hold” and an average target price of $113.79.
In other Rockwell Collins news, VP Jeffrey A. Standerski sold 6,300 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $108.44, for a total transaction of $683,172.00. Following the transaction, the vice president now directly owns 10,519 shares in the company, valued at $1,140,680.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have acquired 18,000 shares of company stock worth $1,480. Corporate insiders own 1.50% of the company’s stock.
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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