Allison Transmission (NYSE:ALSN) Sets New 12-Month High – Here’s Why

Allison Transmission Holdings, Inc. (NYSE:ALSN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $122.08 and last traded at $121.79, with a volume of 29807 shares traded. The stock had previously closed at $119.65.

Analysts Set New Price Targets

Several analysts recently commented on ALSN shares. Robert W. Baird raised their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Oppenheimer raised their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup upped their target price on Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $94.25.

Allison Transmission Trading Up 0.7 %

The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. The business has a fifty day moving average price of $104.48 and a 200 day moving average price of $89.16.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. During the same quarter in the prior year, the business earned $1.76 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Monday, November 18th. Allison Transmission’s dividend payout ratio is presently 12.18%.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. The trade was a 13.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. The trade was a 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,741 shares of company stock valued at $781,520 in the last 90 days. 0.93% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Allison Transmission

Institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its stake in shares of Allison Transmission by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 48,486 shares of the auto parts company’s stock worth $3,936,000 after acquiring an additional 2,326 shares during the last quarter. Janus Henderson Group PLC boosted its position in Allison Transmission by 25.3% in the 1st quarter. Janus Henderson Group PLC now owns 56,998 shares of the auto parts company’s stock valued at $4,627,000 after buying an additional 11,495 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Allison Transmission by 11.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,661 shares of the auto parts company’s stock valued at $378,000 after buying an additional 472 shares during the period. Burney Co. increased its stake in shares of Allison Transmission by 34.7% in the 1st quarter. Burney Co. now owns 395,752 shares of the auto parts company’s stock valued at $32,119,000 after buying an additional 101,920 shares during the period. Finally, Cetera Advisors LLC lifted its stake in shares of Allison Transmission by 10.1% during the first quarter. Cetera Advisors LLC now owns 4,461 shares of the auto parts company’s stock valued at $362,000 after acquiring an additional 408 shares during the period. Institutional investors and hedge funds own 96.90% 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.