Allison Transmission Holdings, Inc. (NYSE:ALSN) Declares Quarterly Dividend of $0.25

Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Investors of record on Monday, May 20th will be paid a dividend of 0.25 per share by the auto parts company on Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Friday, May 17th.

Allison Transmission has increased its dividend by an average of 10.6% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Allison Transmission has a payout ratio of 11.4% indicating that 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 Price Performance

Shares of NYSE:ALSN traded up $0.71 during trading on Thursday, reaching $76.53. 202,005 shares of the company traded hands, compared to its average volume of 690,864. The firm has a market capitalization of $6.69 billion, a PE ratio of 10.12, a PEG ratio of 1.40 and a beta of 1.04. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. Allison Transmission has a 52 week low of $47.22 and a 52 week high of $83.42. The company’s 50 day moving average is $78.08 and its two-hundred day moving average is $65.25.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the firm posted $1.85 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Allison Transmission will post 7.56 earnings per share for the current year.

Insider Transactions at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the completion of the sale, the chief executive officer now owns 125,479 shares in the company, valued at approximately $8,855,053.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Niekerk Teresa Van sold 6,241 shares of the business’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 transaction, the vice president now directly owns 21,112 shares of the company’s stock, valued at approximately $1,580,655.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the completion of the transaction, the chief executive officer now owns 125,479 shares in the company, valued at $8,855,053.03. The disclosure for this sale can be found here. Insiders have sold 87,843 shares of company stock valued at $6,244,562 over the last ninety days. 0.93% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.