Key Points
- Insider sale: Eric Scroggins sold 1,050 Allison Transmission shares at an average price of $125, generating $131,250. His remaining stake fell 5.95% to 16,604 shares.
- Strong quarterly results: Allison reported adjusted earnings of $2.73 per share and revenue of $1.57 billion, exceeding analyst expectations, while revenue increased 92.4% year over year.
- Market outlook: Shares opened at $122.97, and analysts’ consensus rating remains “Moderate Buy,” with an average price target of $131.17. The company also declared a quarterly dividend of $0.29 per share.
Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) insider Eric Scroggins sold 1,050 shares of Allison Transmission stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the transaction, the insider directly owned 16,604 shares in the company, valued at $2,075,500. This represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Allison Transmission Trading Down 0.5%
Shares of ALSN opened at $122.97 on Friday. The stock's 50-day moving average is $117.72 and its two-hundred day moving average is $118.57. The stock has a market cap of $10.15 billion, a PE ratio of 19.55, a P/E/G ratio of 0.66 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17.
Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.25. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The company's revenue for the quarter was up 92.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.29 earnings per share. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal year.
Allison Transmission Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, August 21st. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission's dividend payout ratio (DPR) is 18.44%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ALSN. Morgan Stanley boosted their price target on shares of Allison Transmission from $126.00 to $130.00 and gave the company an "equal weight" rating in a report on Friday, July 17th. Citigroup lowered their price target on Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, July 14th. Wells Fargo & Company upped their target price on Allison Transmission from $127.00 to $137.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a "neutral" rating in a research report on Monday, July 13th. Finally, Weiss Ratings raised shares of Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $131.17.
View Our Latest Stock Report on ALSN
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of ALSN. Millstone Evans Group LLC bought a new stake in Allison Transmission in the first quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in Allison Transmission in the 1st quarter valued at $27,000. Cassaday & Co Wealth Management LLC acquired a new position in Allison Transmission in the 1st quarter valued at approximately $28,000. Larson Financial Group LLC raised its stake in shares of Allison Transmission by 536.7% in the 4th 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 in the last quarter. Finally, Transamerica Financial Advisors LLC raised its position in Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company's stock worth $35,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.
About Allison Transmission
(
Get Free Report)
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.
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