Allison Transmission Holdings, Inc. (NYSE:ALSN) Declares $0.29 Quarterly Dividend

Allison Transmission Holdings, Inc. (NYSE:ALSN) declared a quarterly dividend on Tuesday, August 11th. Investors of record on Friday, August 21st will be paid a dividend of 0.29 per share by the auto parts company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 21st.

Allison Transmission has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Allison Transmission has a dividend payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Allison Transmission to earn $11.08 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.5%.

Allison Transmission Stock Performance

ALSN traded down $1.64 during trading hours on Wednesday, hitting $123.35. The company’s stock had a trading volume of 20,887 shares, compared to its average volume of 975,738. Allison Transmission has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $10.19 billion, a PE ratio of 19.71, a PEG ratio of 0.68 and a beta of 0.95. The company has a 50-day simple moving average of $117.54 and a 200 day simple moving average of $118.39.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business earned $2.29 EPS. The firm’s revenue for the quarter was up 92.4% on a year-over-year basis. As a group, sell-side analysts expect that Allison Transmission will post 9.76 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ALSN. Jane Street Group LLC boosted its position in shares of Allison Transmission by 341.3% during the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after purchasing an additional 223,253 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Allison Transmission by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock worth $20,560,000 after purchasing an additional 11,542 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Allison Transmission by 9.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock worth $180,000 after purchasing an additional 165 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Allison Transmission by 441.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company’s stock valued at $97,000 after purchasing an additional 830 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Allison Transmission during the second quarter valued at approximately $6,111,000. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Company Profile

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.