Insider Selling: Sharon L. Dean Sells 8,258 Shares of Allison Transmission Holdings Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) VP Sharon L. Dean sold 8,258 shares of the company’s stock on the open market in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $31.93, for a total value of $263,677.94. Following the completion of the transaction, the vice president now directly owns 11,195 shares of the company’s stock, valued at approximately $357,456. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at William Blair initiated coverage on shares of Allison Transmission Holdings in a research note on Wednesday, June 25th. They set an “outperform” rating and a $36.00 price target on the stock. Separately, 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, May 12th. Finally, 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. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $32.52.
Allison Transmission Holdings (NASDAQ:ALSN) traded down 0.35% during mid-day trading on Monday, hitting $31.55. The stock had a trading volume of 1,203,501 shares. Allison Transmission Holdings has a 1-year low of $22.08 and a 1-year high of $32.01. The stock has a 50-day moving average of $30.61 and a 200-day moving average of $29.44. The company has a market cap of $5.715 billion and a P/E ratio of 31.35.
Allison Transmission Holdings (NASDAQ:ALSN) last announced its earnings results on Thursday, April 17th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Allison Transmission Holdings will post $1.19 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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