Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Free Report) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Shareholders of record on Monday, May 20th will be paid a dividend of 0.25 per share by the auto parts company on Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Friday, May 17th.
Allison Transmission has raised its dividend by an average of 10.6% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Allison Transmission has a payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Allison Transmission to earn $8.61 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 11.6%.
Allison Transmission Stock Up 1.3 %
Shares of NYSE ALSN opened at $76.82 on Friday. Allison Transmission has a one year low of $47.22 and a one year high of $83.42. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. The firm’s 50 day simple moving average is $78.11 and its two-hundred day simple moving average is $65.33. The stock has a market capitalization of $6.72 billion, a P/E ratio of 10.26, a PEG ratio of 1.40 and a beta of 1.04.
Analyst Upgrades and Downgrades
A number of analysts recently commented on ALSN shares. The Goldman Sachs Group raised their price target on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their price target on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Robert W. Baird raised their price target on Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. StockNews.com lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Finally, Oppenheimer raised their price target on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $71.71.
Check Out Our Latest Report on Allison Transmission
Insider Buying and Selling at Allison Transmission
In other Allison Transmission news, CEO David S. Graziosi sold 76,318 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the completion of the transaction, the chief executive officer now owns 125,479 shares of the company’s stock, valued at $8,855,053.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Dana Jh Pittard sold 2,686 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the transaction, the vice president now directly owns 5,143 shares in the company, valued at $374,616.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David S. Graziosi sold 76,318 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the transaction, the chief executive officer now owns 125,479 shares of the company’s stock, valued at $8,855,053.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,843 shares of company stock valued at $6,244,562. 0.93% of the stock is currently owned by company insiders.
About Allison Transmission
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.
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