Allison Transmission Holdings VP Sells $248,500 in Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) VP Sharon Dean sold 10,000 shares of Allison Transmission Holdings stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $24.85, for a total transaction of $248,500.00. Following the completion of the transaction, the vice president now directly owns 11,195 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ALSN shares. Analysts at Goldman Sachs Group Inc. upgraded shares of Allison Transmission Holdings (NASDAQ:ALSN) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. They now have a $27.00 price target on the stock, up previously from $25.00. Separately, analysts at Credit Suisse raised their price target on shares of Allison Transmission Holdings (NASDAQ:ALSN) from $22.00 to $23.00 in a research note to investors on Tuesday, July 30th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferson Research downgraded shares of Allison Transmission Holdings (NASDAQ:ALSN) from a “buy” rating to a “hold” rating in a research note to investors on Friday, July 12th.
Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.47.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) traded down 1.00% on Thursday, hitting $24.78. The stock had a trading volume of 234,424 shares. Allison Transmission Holdings has a one year low of $17.95 and a one year high of $25.13. The stock’s 50-day moving average is $23.22 and its 200-day moving average is $23.32. The company has a market cap of $4.620 billion and a P/E ratio of 38.93.
Allison Transmission Holdings (NASDAQ:ALSN) last released its earnings data on Monday, July 29th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $512.00 million for the quarter, compared to the consensus estimate of $501.73 million. During the same quarter in the prior year, the company posted $2.21 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts expect that Allison Transmission Holdings will post $0.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Investors of record on Monday, August 19th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Thursday, August 15th.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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