Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $102.63 Consensus Target Price from Analysts

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have received an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $102.63.

ALSN has been the topic of several research reports. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Citigroup increased their price objective on Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Morgan Stanley raised their target price on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, Oppenheimer upped their price target on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $109.14 on Wednesday. The business’s fifty day simple moving average is $111.55 and its 200 day simple moving average is $94.43. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. Allison Transmission has a 12 month low of $55.19 and a 12 month high of $122.53. The firm has a market capitalization of $9.45 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 EPS. As a group, analysts anticipate that Allison Transmission will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at $912,095. This trade represents a 17.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David S. Graziosi sold 11,590 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,165,413.52. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,380 shares of company stock worth $2,830,837. 0.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

Large investors have recently added to or reduced their stakes in the business. Quarry LP raised its holdings in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 114 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Allison Transmission in the third quarter worth approximately $67,000. Venturi Wealth Management LLC raised its stake in Allison Transmission by 27.8% in the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 162 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Allison Transmission during the third quarter valued at approximately $82,000. Finally, Fifth Third Bancorp grew its stake in Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after buying an additional 506 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

About Allison Transmission

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.