Rockwell Collins Inc. (COL) Lowered to Sell at Zacks Investment Research
According to Zacks, “Rockwell Collins derives a major portion of its revenues from outside the U.S., which exposes it to the risk of currency fluctuations, and economic and political turmoil. A highly competitive market and high exposure to fixed-price contracts also may hurt its performance, going forward. Reflecting investor sentiments, estimates have been moving downward in the last 60 days. However, Rockwell Collins’ stable financial position, focus on research & development and systematic investments in inorganic growth programs should enable it to achieve its target for fiscal 2016. A diversified portfolio, comprising both commercial and government customers, protects it from the risk of reduced orders from either customer class.”
A number of other equities analysts have also recently commented on COL. Canaccord Genuity cut Rockwell Collins from a buy rating to a hold rating and decreased their target price for the stock from $100.00 to $94.00 in a report on Tuesday, July 26th. Jefferies Group reaffirmed a hold rating and issued a $92.00 target price on shares of Rockwell Collins in a report on Wednesday, August 10th. Argus cut Rockwell Collins from a buy rating to a hold rating in a report on Friday, August 26th. Finally, Morgan Stanley began coverage on Rockwell Collins in a report on Thursday, June 23rd. They issued an equal weight rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $91.00.
Rockwell Collins (NYSE:COL) traded down 0.42% during trading on Tuesday, hitting $83.39. The stock had a trading volume of 163,024 shares. The firm has a market cap of $10.83 billion, a P/E ratio of 15.71 and a beta of 0.73. The company has a 50-day moving average of $83.90 and a 200 day moving average of $87.03. Rockwell Collins has a 52-week low of $76.03 and a 52-week high of $95.11.
Rockwell Collins (NYSE:COL) last announced its earnings results on Monday, July 25th. The company reported $1.63 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.04. Rockwell Collins had a return on equity of 37.06% and a net margin of 13.54%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the firm earned $1.33 EPS. Rockwell Collins’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Rockwell Collins will post $5.50 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 15th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.32 annualized dividend and a yield of 1.58%. Rockwell Collins’s dividend payout ratio is currently 24.81%.
In related news, CEO Robert Kelly Ortberg sold 25,474 shares of Rockwell Collins stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $84.97, for a total value of $2,164,525.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Bruce Michael King sold 3,174 shares of Rockwell Collins stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $85.48, for a total value of $271,313.52. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COL. NN Investment Partners Holdings N.V. bought a new position in Rockwell Collins during the first quarter valued at approximately $57,863,000. Hutchinson Capital Management CA raised its position in Rockwell Collins by 4.5% in the first quarter. Hutchinson Capital Management CA now owns 20,519 shares of the company’s stock valued at $1,892,000 after buying an additional 875 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Rockwell Collins by 2.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 7,960 shares of the company’s stock valued at $734,000 after buying an additional 163 shares in the last quarter. Sentry Investment Management LLC raised its position in Rockwell Collins by 3.8% in the first quarter. Sentry Investment Management LLC now owns 10,046 shares of the company’s stock valued at $926,000 after buying an additional 368 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Rockwell Collins by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,372,003 shares of the company’s stock valued at $310,932,000 after buying an additional 28,297 shares in the last quarter. Institutional investors own 76.45% of the company’s stock.
Rockwell Collins Company Profile
Rockwell Collins, Inc is engaged in design, production and support of communications and aviation electronics for commercial and military customers around the world. The Company’s products and systems are focused on aviation applications. It operates in two segments: Government Systems and Commercial Systems.
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