Rockwell Collins Inc. (NYSE:COL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
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 research analysts have also weighed in on COL. Canaccord Genuity lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating and cut their target price for the company from $100.00 to $94.00 in a research note on Tuesday, July 26th. Jefferies Group reaffirmed a “hold” rating and set a $92.00 target price on shares of Rockwell Collins in a research note on Wednesday, August 10th. Argus lowered shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, Morgan Stanley started coverage on shares of Rockwell Collins in a research note on Thursday, June 23rd. They set an “equal weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $91.42.
Rockwell Collins (NYSE:COL) opened at 83.64 on Tuesday. Rockwell Collins has a 52-week low of $76.03 and a 52-week high of $95.11. The company has a market capitalization of $10.87 billion, a P/E ratio of 15.76 and a beta of 0.73. The stock’s 50 day moving average is $83.88 and its 200-day moving average is $87.00.
Rockwell Collins (NYSE:COL) last announced its earnings results on Monday, July 25th. The company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. Rockwell Collins had a net margin of 13.54% and a return on equity of 37.06%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 EPS. Analysts predict that Rockwell Collins will post $5.50 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 15th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.32 annualized dividend and a dividend yield of 1.58%. Rockwell Collins’s payout ratio is 24.81%.
In related news, COO Philip J. Jasper sold 2,184 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $85.00, for a total transaction of $185,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bruce Michael King sold 3,174 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $85.48, for a total transaction of $271,313.52. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Cacti Asset Management LLC raised its stake in shares of Rockwell Collins by 1.7% in the third quarter. Cacti Asset Management LLC now owns 365,893 shares of the company’s stock valued at $30,859,000 after buying an additional 6,000 shares during the period. Macquarie Group Ltd. raised its stake in shares of Rockwell Collins by 7.5% in the second quarter. Macquarie Group Ltd. now owns 287,674 shares of the company’s stock valued at $24,493,000 after buying an additional 20,148 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Rockwell Collins during the second quarter valued at about $448,000. Kentucky Retirement Systems acquired a new stake in shares of Rockwell Collins during the second quarter valued at about $943,000. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in shares of Rockwell Collins by 48.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 550,314 shares of the company’s stock valued at $46,854,000 after buying an additional 179,847 shares during the period. 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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