State of New Jersey Common Pension Fund D acquired a new position in shares of Rockwell Collins, Inc. (NYSE:COL) during the second quarter, Holdings Channel reports. The institutional investor acquired 110,000 shares of the aerospace company’s stock, valued at approximately $11,559,000.

A number of other large investors also recently modified their holdings of the stock. Highbridge Capital Management LLC increased its stake in shares of Rockwell Collins by 160.4% in the fourth quarter. Highbridge Capital Management LLC now owns 3,324 shares of the aerospace company’s stock worth $308,000 after buying an additional 8,824 shares during the period. Foundry Partners LLC bought a new stake in shares of Rockwell Collins during the first quarter worth about $223,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Rockwell Collins by 3.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 114,497 shares of the aerospace company’s stock worth $11,125,000 after buying an additional 3,937 shares during the period. Raymond James Trust N.A. increased its stake in shares of Rockwell Collins by 19.4% in the first quarter. Raymond James Trust N.A. now owns 3,759 shares of the aerospace company’s stock worth $365,000 after buying an additional 611 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in shares of Rockwell Collins by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 38,488 shares of the aerospace company’s stock worth $3,739,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 66.74% of the company’s stock.

Rockwell Collins, Inc. (NYSE:COL) opened at 126.43 on Thursday. The company has a 50-day moving average price of $110.01 and a 200 day moving average price of $102.04. Rockwell Collins, Inc. has a 52 week low of $78.54 and a 52 week high of $128.43. The company has a market cap of $20.54 billion, a PE ratio of 25.09 and a beta of 0.78.

Rockwell Collins (NYSE:COL) last issued its earnings results on Friday, July 28th. The aerospace company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.06. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate 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 was up 57.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 earnings per share. On average, equities research analysts forecast that Rockwell Collins, Inc. will post $6.10 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, August 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.04%. Rockwell Collins’s payout ratio is currently 26.04%.

Rockwell Collins declared that its Board of Directors has approved a share repurchase program on Friday, July 7th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the aerospace company to buy up to 1.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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A number of equities research analysts have issued reports on COL shares. Barclays PLC restated an “outperform” rating and set a $59.00 price objective (down from $96.00) on shares of Rockwell Collins in a research report on Friday, April 14th. Cowen and Company restated an “outperform” rating and set a $112.00 price objective on shares of Rockwell Collins in a research report on Monday, April 17th. Jefferies Group LLC restated a “hold” rating and set a $93.00 price objective on shares of Rockwell Collins in a research report on Tuesday, April 18th. Robert W. Baird upgraded Rockwell Collins from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $90.00 to $118.00 in a research report on Wednesday, April 19th. Finally, Canaccord Genuity restated a “hold” rating and set a $90.00 price objective on shares of Rockwell Collins in a research report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $113.79.

In related news, VP Jeffrey A. Standerski sold 6,300 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $108.44, for a total transaction of $683,172.00. Following the completion of 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 legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have purchased 18,000 shares of company stock valued at $1,480. Insiders own 1.50% of the company’s stock.

About Rockwell Collins

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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Institutional Ownership by Quarter for Rockwell Collins (NYSE:COL)

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