In yesterday’s Wall Street session, Allison Transmission Holdings Inc. (NYSE:ALSN) shares traded at $48.52, down -0.27% from the previous session.
11 analysts cover Allison Transmission Holdings Inc. (NYSE:ALSN), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $82.00 and a low of $37.00, we find $51.00. Given the previous closing price of $48.65, this indicates a potential upside of 4.83 percent. ALSN stock price is now 8.84% away from the 50-day moving average and 19.98% away from the 200-day moving average. The market capitalization of the company currently stands at $4.46B.
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The stock has received a hold rating from 4 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $50.67 as their price target over the next twelve months.
With the price target maintained at $48, Credit Suisse recently Downgraded its rating from Outperform to Neutral for Allison Transmission Holdings Inc. (NYSE: ALSN). On December 09, 2021, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $37 to quote $30, while ‘Goldman’ rates the stock as ‘Sell’.
In other news, Graziosi David S., PRESIDENT AND CEO sold 16,954 shares of the company’s stock on Mar 02. The stock was sold for $817,208 at an average price of $48.20. Upon completion of the transaction, the PRESIDENT AND CEO now directly owns 176,392 shares in the company, valued at $8.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01, PRESIDENT AND CEO Graziosi David S. sold 91,528 shares of the business’s stock. A total of $4,411,283 was realized by selling the stock at an average price of $48.20. This leaves the insider owning 184,893 shares of the company worth $8.97 million. Insiders disposed of 319,397 shares of company stock worth roughly $15.5 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ALSN stock. A new stake in Allison Transmission Holdings Inc. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $16,257,000. REDWOOD INVESTMENT MANAGEMENT, LLC invested $8,146,000 in shares of ALSN during the first quarter. In the first quarter, CASTLEARK MANAGEMENT LLC acquired a new stake in Allison Transmission Holdings Inc. valued at approximately $4,743,000. LEGATO CAPITAL MANAGEMENT LLC acquired a new stake in ALSN for approximately $4,415,000. AGF MANAGEMENT LTD purchased a new stake in ALSN valued at around $3,725,000 in the second quarter.
On Monday morning Allison Transmission Holdings Inc. (NYSE: ALSN) stock kicked off with the opening price of $48.65. During the past 12 months, Allison Transmission Holdings Inc. has had a low of $32.63 and a high of $50.64. As of last week, the company has a debt-to-equity ratio of 2.87, a current ratio of 1.80, and a quick ratio of 1.30. The fifty day moving average price for ALSN is $44.58 and a two-hundred day moving average price translates $40.44 for the stock.
The latest earnings results from Allison Transmission Holdings Inc. (NYSE: ALSN) was released for Sep, 2022. According to the Auto Parts Company, earnings per share came in at $1.45, beating analysts’ expectations of $1.28 by 0.17. This compares to $1.16 EPS in the same period last year. The net profit margin was 19.20% and return on equity was 69.30% for ALSN. The company reported revenue of $718.0 million for the quarter, compared to $644.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.49 percent. For the current quarter, analysts expect ALSN to generate $676.21M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/17/2023. Investors who held shares on 03/06/2023 were paid a $0.23 dividend. On an annualized basis, this represents a $0.92 dividend and a 1.90% percent yield. There was an ex-dividend date of 03/03/2023 for this dividend. In terms of dividend payout ratio, ALSN is presently at 15.10%.
Allison Transmission Holdings Inc.(ALSN) Company Profile
Allison Transmission Holdings, Inc., together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles. The company markets its transmissions under the Allison Transmission brand name; and remanufactured transmissions under the ReTran brand name. It also sells branded replacement parts, support equipment, aluminum die cast components, and other products necessary to service the installed base of vehicles utilizing its transmissions, as well as defense kits, engineering services, and extended transmission coverage services to various original equipment manufacturers, distributors, and the U.S. government. The company serves customers through an independent network of approximately 1,400 independent distributor and dealer locations. The company was formerly known as Clutch Holdings, Inc. Allison Transmission Holdings, Inc. was founded in 1915 and is headquartered in Indianapolis, Indiana.
