Allison Transmission Holdings, Inc. (ALSN) To Go Ex-Dividend on May 17th

Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Monday, May 20th will be given a dividend of 0.25 per share by the auto parts company on Friday, May 31st. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, May 17th.

Allison Transmission has raised its dividend payment by an average of 10.6% annually over the last three years and has increased its dividend every year for the last 5 years. Allison Transmission has a payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Allison Transmission to earn $8.61 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 11.6%.

Allison Transmission Stock Up 0.2 %

Shares of NYSE:ALSN opened at $76.95 on Friday. Allison Transmission has a 12-month low of $47.22 and a 12-month high of $83.42. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79. The firm has a market cap of $6.73 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.04. The company has a fifty day simple moving average of $78.11 and a 200 day simple moving average of $65.33.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.89 by $0.01. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $772.37 million. During the same quarter last year, the company posted $1.85 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Allison Transmission will post 7.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Oppenheimer raised 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. StockNews.com lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. Robert W. Baird raised their price target on Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group increased their target price on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $71.71.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the transaction, the vice president now owns 14,456 shares in the company, valued at approximately $1,089,982.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the transaction, the vice president now owns 14,456 shares of the company’s stock, valued at approximately $1,089,982.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Niekerk Teresa Van sold 6,241 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $74.87, for a total value of $467,263.67. Following the completion of the transaction, the vice president now owns 21,112 shares in the company, valued at approximately $1,580,655.44. The disclosure for this sale can be found here. Insiders have sold a total of 87,843 shares of company stock worth $6,244,562 over the last ninety days. Corporate insiders own 0.93% of the company’s stock.

Allison Transmission Company Profile

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.