Stocks: David J. Nieuwsma Sells 6,250 Shares of Rockwell Collins, Inc. (COL) Stock

Stocks: David J. Nieuwsma Sells 6,250 Shares of Rockwell Collins, Inc. (COL) Stock

Rockwell Collins, Inc. (NYSE:COL) VP David J. Nieuwsma sold 6,250 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $105.00, for a total value of $656,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Rockwell Collins, Inc. (NYSE:COL) traded down 0.60% during midday trading on Friday, hitting $103.73. The company had a trading volume of 54,917 shares. The company has a market capitalization of $16.84 billion, a P/E ratio of 18.62 and a beta of 0.79. The firm’s 50 day moving average is $100.60 and its 200 day moving average is $93.93. Rockwell Collins, Inc. has a 52 week low of $78.54 and a 52 week high of $107.57.

Rockwell Collins (NYSE:COL) last posted its earnings results on Friday, April 21st. The aerospace company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. Rockwell Collins had a return on equity of 35.84% and a net margin of 13.97%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business earned $1.30 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Rockwell Collins, Inc. will post $6.06 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Monday, May 15th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.26%. Rockwell Collins’s dividend payout ratio (DPR) is 23.57%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mirador Capital Partners LP increased its position in Rockwell Collins by 1.0% in the first quarter. Mirador Capital Partners LP now owns 13,830 shares of the aerospace company’s stock worth $1,344,000 after buying an additional 140 shares during the period. Simmons Bank increased its position in Rockwell Collins by 26.9% in the first quarter. Simmons Bank now owns 7,550 shares of the aerospace company’s stock worth $734,000 after buying an additional 1,600 shares during the period. Anchor Capital Advisors LLC increased its position in Rockwell Collins by 0.3% in the first quarter. Anchor Capital Advisors LLC now owns 231,569 shares of the aerospace company’s stock worth $22,499,000 after buying an additional 662 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its position in Rockwell Collins by 53.9% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 5,201 shares of the aerospace company’s stock worth $505,000 after buying an additional 1,821 shares during the period. Finally, Legal & General Group Plc increased its position in Rockwell Collins by 4.5% in the first quarter. Legal & General Group Plc now owns 607,783 shares of the aerospace company’s stock worth $59,055,000 after buying an additional 25,927 shares during the period. Hedge funds and other institutional investors own 78.40% of the company’s stock.

Several brokerages have recently weighed in on COL. Vertical Research increased their price target on Rockwell Collins from $100.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, April 24th. Barclays PLC reissued an “outperform” rating and issued a $59.00 price target (down previously from $96.00) on shares of Rockwell Collins in a research note on Friday, April 14th. Cowen and Company reissued an “outperform” rating and issued a $112.00 price target on shares of Rockwell Collins in a research note on Monday, April 17th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Rockwell Collins in a research note on Monday, April 24th. Finally, Goldman Sachs Group Inc reissued a “sell” rating and issued a $91.00 price target on shares of Rockwell Collins in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $107.93.

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.

Related posts

Leave a Comment