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

Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, November 18th.

Allison Transmission has raised its dividend payment by an average of 10.6% per year over the last three years. Allison Transmission has a 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 Stock Up 0.7 %

Allison Transmission stock traded up $0.79 during mid-day trading on Thursday, hitting $118.05. The company had a trading volume of 522,058 shares, compared to its average volume of 620,385. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 1.91 and a beta of 0.98. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission has a 1 year low of $51.86 and a 1 year high of $118.58. The business has a fifty day moving average of $96.17 and a 200 day moving average of $84.99.

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

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $960,100. This trade 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. In related news, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,741 shares of company stock worth $546,060 over the last three months. 0.93% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Bank of America lifted their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their price target 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. Oppenheimer lifted their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.