Insider Selling: Lawrence E. Dewey Sells 28,000 Shares of Allison Transmission Holdings Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) CEO Lawrence E. Dewey sold 28,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $26.99, for a total value of $755,720.00. Following the sale, the chief executive officer now directly owns 153,344 shares in the company, valued at approximately $4,138,755. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
ALSN has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Allison Transmission Holdings from $26.00 to $30.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Longbow Research initiated coverage on shares of Allison Transmission Holdings in a research note to investors on Friday, January 10th. They set a “buy” rating on the stock. Finally, analysts at Longbow Research initiated coverage on shares of Allison Transmission Holdings in a research note to investors on Friday, January 10th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Allison Transmission Holdings has an average rating of “Buy” and a consensus price target of $27.08.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) traded up 0.78% on Wednesday, hitting $27.30. The stock had a trading volume of 2,153,389 shares. Allison Transmission Holdings has a one year low of $20.39 and a one year high of $28.15. The stock’s 50-day moving average is $27.12 and its 200-day moving average is $24.91. The company has a market cap of $4.979 billion and a price-to-earnings ratio of 37.94.
Allison Transmission Holdings (NASDAQ:ALSN) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $466.00 million for the quarter, compared to the consensus estimate of $495.20 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. On average, analysts predict that Allison Transmission Holdings will post $0.89 earnings per share for the current fiscal year.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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