Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $131.17 Consensus Target Price from Analysts

Allison Transmission Holdings, Inc. (NYSE:ALSN) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $131.1667.

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Citigroup dropped their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Finally, Morgan Stanley upped their price objective on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th.

Allison Transmission Trading Down 0.1%

Shares of NYSE ALSN opened at $131.05 on Friday. The firm’s 50 day moving average price is $120.78 and its 200-day moving average price is $120.22. Allison Transmission has a 52-week low of $76.01 and a 52-week high of $137.62. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The company has a market cap of $10.82 billion, a PE ratio of 20.83, a P/E/G ratio of 0.68 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the firm posted $2.29 EPS. The firm’s quarterly revenue was up 92.4% on a year-over-year basis. On average, equities research analysts expect that Allison Transmission will post 10.27 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

Insider Activity at Allison Transmission

In other news, CEO David S. Graziosi sold 26,708 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the completion of the sale, the chief executive officer owned 304,843 shares of the company’s stock, valued at $40,534,973.71. The trade was a 8.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eric C. Scroggins sold 1,050 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the sale, the insider directly owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. The trade was a 5.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Institutional investors and hedge funds have recently bought and sold shares of the stock. Millstone Evans Group LLC bought a new stake in Allison Transmission during the 1st quarter valued at approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Allison Transmission during the 1st quarter worth approximately $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in Allison Transmission in the 1st quarter valued at about $28,000. Larson Financial Group LLC increased its stake in shares of Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after buying an additional 263 shares during the period. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Allison Transmission by 2,112.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 338 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.