Insider Selling: Edward L. Dyer Sells 9,652 Shares of Allison Transmission Holdings Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) VP Edward L. Dyer sold 9,652 shares of Allison Transmission Holdings stock on the open market in a transaction dated Thursday, April 17th. The stock was sold at an average price of $31.03, for a total transaction of $299,501.56. Following the transaction, the vice president now directly owns 15,443 shares of the company’s stock, valued at approximately $479,196. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) traded up 4.66% on Friday, hitting $30.99. The stock had a trading volume of 1,848,410 shares. Allison Transmission Holdings has a 52-week low of $21.73 and a 52-week high of $31.42. The stock has a 50-day moving average of $29.60 and a 200-day moving average of $27.57. The company has a market cap of $5.694 billion and a price-to-earnings ratio of 33.65.
Allison Transmission Holdings (NASDAQ:ALSN) last released its earnings data on Thursday, April 17th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.04. The company had revenue of $494.00 million for the quarter, compared to the consensus estimate of $482.02 million. Analysts expect that Allison Transmission Holdings will post $1.17 EPS for the current fiscal year.
A number of research firms have recently commented on ALSN. Analysts at Barclays raised their price target on shares of Allison Transmission Holdings from $30.00 to $32.00 in a research note on Monday, March 24th. They now have an “overweight” rating on the stock. Separately, analysts at TheStreet upgraded shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Finally, analysts at Morgan Stanley initiated coverage on shares of Allison Transmission Holdings in a research note on Thursday, February 27th. They set an “equal weight” rating on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Allison Transmission Holdings has an average rating of “Buy” and an average price target of $29.74.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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