Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $80.26, but opened at $74.04. Allison Transmission shares last traded at $75.78, with a volume of 317,692 shares changing hands.
Wall Street Analysts Forecast Growth
ALSN has been the subject of a number of research reports. StockNews.com lowered shares of Allison Transmission from a "strong-buy" rating to a "buy" rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a "neutral" rating in a report on Monday, April 15th. Robert W. Baird lifted their target price on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a "neutral" rating in a report on Friday. The Goldman Sachs Group lifted their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a "sell" rating in a report on Tuesday, April 16th. Finally, Oppenheimer lifted their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $68.25.
Check Out Our Latest Report on ALSN
Allison Transmission Stock Down 7.2 %
The company has a market cap of $6.53 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03. The company has a current ratio of 2.49, a quick ratio of 1.94 and a debt-to-equity ratio of 2.03. The firm's fifty day moving average price is $77.83 and its 200-day moving average price is $64.33.
Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.02. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The company had revenue of $789.00 million during the quarter, compared to analyst estimates of $772.37 million. During the same quarter in the previous year, the business earned $1.85 EPS. The firm's revenue was up 6.5% on a year-over-year basis. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 7.74 earnings per share for the current year.
Allison Transmission Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.25 dividend. This is a positive change from Allison Transmission's previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. Allison Transmission's payout ratio is 13.44%.
Insider Activity
In related news, CEO David S. Graziosi sold 76,318 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the sale, the chief executive officer now directly owns 125,479 shares of the company's stock, valued at approximately $8,855,053.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Dana Jh Pittard sold 2,686 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total value of $195,648.24. Following the sale, the vice president now directly owns 5,143 shares of the company's stock, valued at approximately $374,616.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David S. Graziosi sold 76,318 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the completion of the sale, the chief executive officer now directly owns 125,479 shares in the company, valued at $8,855,053.03. The disclosure for this sale can be found here. Insiders sold 87,843 shares of company stock valued at $6,244,562 in the last quarter. Company insiders own 1.10% of the company's stock.
Institutional Investors Weigh In On Allison Transmission
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC increased its stake in shares of Allison Transmission by 1,706.7% during the 3rd quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company's stock worth $32,000 after purchasing an additional 512 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Allison Transmission by 256.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company's stock worth $34,000 after acquiring an additional 426 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Allison Transmission by 222.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company's stock worth $36,000 after acquiring an additional 416 shares during the period. Quent Capital LLC lifted its holdings in shares of Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company's stock worth $41,000 after acquiring an additional 210 shares during the period. Finally, TFO Wealth Partners LLC lifted its stake in Allison Transmission by 8,975.0% in the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 718 shares during the last quarter. 96.90% of the stock is owned by institutional investors.
Allison Transmission Company Profile
(
Get Free Report)
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.
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