Allison Transmission - ALSN Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allison Transmission in the last twelve months. There are currently 3 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALSN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALSN, but not buy additional shares or sell existing shares.
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6 brokerages have issued twelve-month target prices for Allison Transmission's stock. Their ALSN share price forecasts range from $37.00 to $55.00. On average, they anticipate the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 4.7% from the stock's current price.
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Allison Transmission's stock was trading at $41.60 on January 1st, 2023. Since then, ALSN stock has increased by 3.4% and is now trading at $43.00.
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Allison Transmission saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 2,400,000 shares, an increase of 14.3% from the February 28th total of 2,100,000 shares. Based on an average daily trading volume, of 789,800 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.6% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Allison Transmission Holdings, Inc. (NYSE:ALSN) released its earnings results on Wednesday, February, 15th. The auto parts company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.31. The auto parts company had revenue of $718 million for the quarter, compared to analysts' expectations of $676.21 million. Allison Transmission had a trailing twelve-month return on equity of 69.32% and a net margin of 19.18%. The business's revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS.

Allison Transmission declared a quarterly dividend on Thursday, February 23rd. Stockholders of record on Monday, March 6th will be paid a dividend of $0.23 per share on Friday, March 17th. This represents a $0.92 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Friday, March 3rd. This is a boost from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for ALSN.

ETFs with the largest weight of Allison Transmission (NYSE:ALSN) stock in their portfolio include LeaderShares AlphaFactor Tactical Focused ETF (LSAT), SPDR S&P Kensho Smart Mobility ETF (HAIL), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), LeaderShares AlphaFactor US Core Equity ETF (LSAF), Fidelity U.S. Multifactor ETF (FLRG), Distillate Small/Mid Cash Flow ETF (DSMC), Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA) and iShares Factors US Value Style ETF (STLV).

Allison Transmission (NYSE:ALSN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 2.14%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALSN will have a dividend payout ratio of 14.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALSN.

Allison Transmission updated its FY 2023 earnings guidance on Wednesday, February, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.83 billion-$2.92 billion, compared to the consensus revenue estimate of $2.83 billion.

20 employees have rated Allison Transmission Chief Executive Officer David S. Graziosi on Glassdoor.com. David S. Graziosi has an approval rating of 43% among the company's employees. This puts David S. Graziosi in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Allison Transmission investors own include Alibaba Group (BABA), Energy Transfer (ET), Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), AT&T (T), Applied Materials (AMAT), Tesla (TSLA), Verizon Communications (VZ) and Salesforce (CRM).

Allison Transmission trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALSN."

Allison Transmission's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Burgundy Asset Management Ltd. (5.77%), LSV Asset Management (4.77%), Renaissance Technologies LLC (3.76%), AQR Capital Management LLC (2.43%), Boston Partners (2.00%) and Seizert Capital Partners LLC (1.79%). Insiders that own company stock include David S Graziosi, Eric C Scroggins, G Frederick Bohley, Michael Dick, Ryan A Milburn and Thomas W Rabaut.
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Shares of ALSN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALSN stock can currently be purchased for approximately $43.00.

Allison Transmission (NYSE:ALSN) has a market capitalization of $3.95 billion and generates $2.77 billion in revenue each year. The auto parts company earns $531 million in net income (profit) each year or $5.53 on an earnings per share basis.

The company employs 3,500 workers across the globe.

Allison Transmission's mailing address is ONE ALLISON WAY, INDIANAPOLIS IN, 46222. The official website for the company is www.allisontransmission.com. The auto parts company can be reached via phone at (317) 242-5000, via email at ir@allisontransmission.com, or via fax at 317-242-0630.