Allison Transmission Holdings SVP Unloads $119,960 in Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) SVP Michael G. Headly unloaded 4,000 shares of Allison Transmission Holdings stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $29.99, for a total value of $119,960.00. Following the completion of the transaction, the senior vice president now directly owns 34,200 shares in the company, valued at approximately $1,025,658. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Allison Transmission Holdings (NASDAQ:ALSN) opened at 29.43 on Friday. Allison Transmission Holdings has a one year low of $21.95 and a one year high of $31.42. The stock has a 50-day moving average of $29.8 and a 200-day moving average of $28.26. The company has a market cap of $5.331 billion and a price-to-earnings ratio of 29.14.
Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the 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 $1.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, May 15th.
ALSN has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Allison Transmission Holdings from a “sell” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Allison Transmission Holdings in a research note on Thursday, April 24th. They now have a $35.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Allison Transmission Holdings from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 23rd. They now have a $32.70 price target on the stock. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Allison Transmission Holdings currently has a consensus rating of “Buy” and a consensus price target of $32.09.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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