Investors Purchase High Volume of Rockwell Collins Put Options (NYSE:COL)

Rockwell Collins, Inc. (NYSE:COL) was the target of some unusual options trading activity on Tuesday. Stock traders bought 8,208 put options on the stock. This represents an increase of approximately 451% compared to the typical volume of 1,489 put options.

Rockwell Collins (NYSE COL) traded down 0.20% during midday trading on Friday, hitting $131.09. 2,931,876 shares of the stock were exchanged. Rockwell Collins has a one year low of $78.54 and a one year high of $135.31. The firm has a 50-day moving average price of $125.58 and a 200-day moving average price of $108.72. The stock has a market cap of $21.30 billion, a P/E ratio of 26.02 and a beta of 0.75.

Rockwell Collins (NYSE:COL) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the business posted $1.63 earnings per share. The business’s revenue for the quarter was up 57.0% on a year-over-year basis. On average, equities research analysts anticipate that Rockwell Collins will post $6.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 14th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Thursday, August 10th. Rockwell Collins’s dividend payout ratio is presently 26.04%.

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

In other Rockwell Collins news, Director Harlan Donnley Meade acquired 1,666,667 shares of the stock in a transaction on Friday, September 15th. The stock was acquired at an average price of $0.06 per share, for a total transaction of $100,000.02. Insiders have acquired 1,678,667 shares of company stock valued at $100,960 in the last quarter. 1.50% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. NEXT Financial Group Inc increased its position in Rockwell Collins by 35.7% during the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 250 shares in the last quarter. Jacobi Capital Management LLC grew its holdings in Rockwell Collins by 30.0% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,001 shares of the aerospace company’s stock valued at $108,000 after buying an additional 231 shares during the period. Highlander Capital Management LLC grew its holdings in Rockwell Collins by 106.0% in the 2nd quarter. Highlander Capital Management LLC now owns 1,024 shares of the aerospace company’s stock valued at $108,000 after buying an additional 527 shares during the period. Whittier Trust Co. grew its holdings in Rockwell Collins by 30.1% in the 1st quarter. Whittier Trust Co. now owns 1,106 shares of the aerospace company’s stock valued at $108,000 after buying an additional 256 shares during the period. Finally, Global X Management Co. LLC grew its holdings in Rockwell Collins by 31.1% in the 1st quarter. Global X Management Co. LLC now owns 1,173 shares of the aerospace company’s stock valued at $114,000 after buying an additional 278 shares during the period. Hedge funds and other institutional investors own 77.86% of the company’s stock.

A number of research firms have commented on COL. Robert W. Baird downgraded shares of Rockwell Collins from an “outperform” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research report on Wednesday. Sanford C. Bernstein downgraded shares of Rockwell Collins from an “outperform” rating to a “market perform” rating and set a $137.00 target price on the stock. in a research report on Monday. Wolfe Research downgraded shares of Rockwell Collins from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, September 6th. Seaport Global Securities downgraded shares of Rockwell Collins from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 6th. Finally, Drexel Hamilton downgraded shares of Rockwell Collins from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $122.34.

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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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