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

Allison Transmission Holdings, Inc. (NYSE:ALSN) declared a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Investors of record on Monday, November 18th will be given a dividend of 0.25 per share by the auto parts company on Wednesday, November 27th. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, November 18th.

Allison Transmission has raised its dividend by an average of 10.6% per year over the last three years. Allison Transmission has a dividend payout ratio of 10.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Allison Transmission to earn $9.00 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 11.1%.

Allison Transmission Price Performance

Shares of Allison Transmission stock traded up $0.79 on Thursday, hitting $118.05. 522,058 shares of the company were exchanged, compared to its average volume of 620,385. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average price of $96.17 and a 200 day moving average price of $84.99. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.91 and a beta of 0.98. Allison Transmission has a 1-year low of $51.86 and a 1-year high of $118.58.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same quarter in the previous year, the company posted $1.76 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, sell-side analysts predict that Allison Transmission will post 8.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Oppenheimer increased their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Citigroup increased their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $92.25.

Insiders Place Their Bets

In other news, VP Thomas Eifert sold 2,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the sale, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $912,095. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 5,741 shares of company stock worth $546,060 in the last ninety days. 0.93% of the stock is owned by corporate insiders.

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.