Rockwell Collins, Inc. (COL) Upgraded to Hold by BidaskClub

Rockwell Collins, Inc. (NYSE:COL) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday, August 8th.

A number of other research firms also recently issued reports on COL. Credit Suisse Group reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Rockwell Collins in a research note on Wednesday, July 19th. Canaccord Genuity raised Rockwell Collins from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $108.00 to $125.00 in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a “hold” rating and set a $114.00 target price on shares of Rockwell Collins in a research report on Friday, May 26th. Jefferies Group LLC set a $108.00 target price on Rockwell Collins and gave the company a “hold” rating in a research report on Monday, May 22nd. Finally, ValuEngine raised Rockwell Collins from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $115.65.

Shares of Rockwell Collins (COL) traded up 1.33% during mid-day trading on Tuesday, reaching $124.52. 2,708,826 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $114.13 and its 200 day moving average price is $103.66. Rockwell Collins has a 52-week low of $78.54 and a 52-week high of $128.43. The company has a market cap of $20.23 billion, a PE ratio of 24.71 and a beta of 0.78.

Rockwell Collins (NYSE:COL) last released its quarterly earnings data on Friday, July 28th. The aerospace company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.06. Rockwell Collins had a return on equity of 26.20% and a net margin of 11.52%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the company posted $1.63 EPS. The company’s revenue was up 57.0% compared to the same quarter last year. On average, equities research analysts predict that Rockwell Collins will post $6.08 EPS for the current year.

Rockwell Collins declared that its board has authorized 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 buy up to 1.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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In related news, VP Jeffrey A. Standerski sold 6,300 shares of Rockwell Collins stock in a transaction that occurred on 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 owns 10,519 shares in the company, valued at $1,140,680.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have purchased 18,000 shares of company stock worth $1,480. 1.50% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. CWM LLC boosted 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 period. Montecito Bank & Trust boosted its stake in Rockwell Collins by 0.5% in the first quarter. Montecito Bank & Trust now owns 2,666 shares of the aerospace company’s stock valued at $259,000 after buying an additional 12 shares during the period. Janney Capital Management LLC boosted its stake in Rockwell Collins by 0.3% in the second quarter. Janney Capital Management LLC now owns 4,665 shares of the aerospace company’s stock valued at $490,000 after buying an additional 15 shares during the period. United Capital Financial Advisers LLC boosted its stake in Rockwell Collins by 0.3% in the first quarter. United Capital Financial Advisers LLC now owns 5,783 shares of the aerospace company’s stock valued at $562,000 after buying an additional 17 shares during the period. Finally, Cleararc Capital Inc. boosted its stake in Rockwell Collins by 0.9% in the first quarter. Cleararc Capital Inc. now owns 3,199 shares of the aerospace company’s stock valued at $311,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 67.81% 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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