Allison Transmission (NYSE:ALSN) Sets New 52-Week High at $91.57

Allison Transmission Holdings, Inc. (NYSE:ALSN)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $91.57 and last traded at $90.33, with a volume of 12242 shares. The stock had previously closed at $90.70.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ALSN. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 20th. Robert W. Baird upped their price objective on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Raymond James started coverage on shares of Allison Transmission in a report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price on the stock. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Finally, Citigroup initiated coverage on Allison Transmission in a report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Allison Transmission has an average rating of “Hold” and a consensus price target of $79.57.

Allison Transmission Trading Up 0.2 %

The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.95 and a current ratio of 2.78. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. The business has a fifty day simple moving average of $82.12 and a 200 day simple moving average of $78.18.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. The business had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.92 earnings per share. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Monday, August 19th. Allison Transmission’s payout ratio is 13.35%.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the transaction, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

A number of institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC increased its position in shares of Allison Transmission by 237.4% during the fourth quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock worth $65,000 after buying an additional 781 shares during the period. Van ECK Associates Corp boosted its position in shares of Allison Transmission by 14.5% during the 4th quarter. Van ECK Associates Corp now owns 27,476 shares of the auto parts company’s stock valued at $1,598,000 after purchasing an additional 3,473 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Allison Transmission by 201.0% during the 4th quarter. Victory Capital Management Inc. now owns 109,688 shares of the auto parts company’s stock valued at $6,378,000 after purchasing an additional 73,241 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in Allison Transmission by 256.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after purchasing an additional 426 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Allison Transmission by 9.8% in the fourth quarter. Amalgamated Bank now owns 23,659 shares of the auto parts company’s stock valued at $1,376,000 after buying an additional 2,104 shares during the period. Institutional investors 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.