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

Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders of record on Monday, November 18th will be paid 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 0.84%. The ex-dividend date of this dividend is Monday, November 18th.

Allison Transmission has raised its dividend payment by an average of 10.6% annually over the last three years. Allison Transmission has a dividend payout ratio of 10.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 $1.17 during mid-day trading on Thursday, reaching $118.43. 310,472 shares of the stock were exchanged, compared to its average volume of 619,405. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.91 and a beta of 0.98. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The firm has a 50-day simple moving average of $96.17 and a 200 day simple moving average of $84.99. Allison Transmission has a fifty-two week low of $51.86 and a fifty-two week high of $118.58.

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

Insider Activity

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,741 shares of company stock worth $546,060 over the last ninety days. Insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup lifted their price objective 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. Robert W. Baird lifted their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Oppenheimer lifted their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Finally, Bank of America lifted their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have given 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.com, the company currently has an average rating of “Hold” and a consensus target price of $92.25.

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.