Allison Transmission (NYSE:ALSN) Sets New 12-Month High at $91.57

Allison Transmission Holdings, Inc. (NYSE:ALSN) reached 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.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ALSN shares. Robert W. Baird boosted their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Raymond James assumed coverage on Allison Transmission in a research report on Friday, June 28th. They issued an “outperform” rating and a $85.00 target price on the stock. The Goldman Sachs Group upped their target price 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. Citigroup started coverage on shares of Allison Transmission in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price target on the stock. Finally, StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $79.57.

Allison Transmission Stock Performance

The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.56 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 1.95. The firm has a 50 day moving average price of $82.12 and a 200-day moving average price of $78.18.

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

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a 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 related news, SVP John Coll sold 2,000 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Allison Transmission

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in Allison Transmission during the 4th quarter worth $56,334,000. Vision One Management Partners LP purchased a new stake in Allison Transmission during the 4th quarter valued at approximately $17,848,000. Prevatt Capital Ltd acquired a new stake in Allison Transmission during the 4th quarter worth approximately $14,538,000. Thompson Siegel & Walmsley LLC grew its stake in shares of Allison Transmission by 257.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after purchasing an additional 230,152 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Allison Transmission by 108.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock valued at $21,046,000 after purchasing an additional 135,194 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

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.