Allison Transmission Holdings SVP Sells $369,246 in Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) SVP Michael G. Headly sold 12,300 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $30.02, for a total transaction of $369,246.00. Following the completion of the transaction, the senior vice president now directly owns 26,200 shares in the company, valued at approximately $786,524. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Allison Transmission Holdings (NASDAQ:ALSN) traded up 1.37% during mid-day trading on Friday, hitting $29.68. The stock had a trading volume of 2,770,744 shares. Allison Transmission Holdings has a one year low of $22.08 and a one year high of $32.21. The stock has a 50-day moving average of $31.05 and a 200-day moving average of $29.97. The company has a market cap of $5.244 billion and a price-to-earnings ratio of 27.65.
Allison Transmission Holdings (NASDAQ:ALSN) last released its earnings data on Wednesday, July 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $536.10 million for the quarter, compared to the consensus estimate of $527.01 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that Allison Transmission Holdings will post $1.18 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Allison Transmission Holdings in a research note on Monday. They now have a $34.00 price target on the stock, up previously from $33.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Allison Transmission Holdings in a research note on Friday, July 25th. They now have a $36.00 price target on the stock, up previously from $35.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Allison Transmission Holdings in a research note on Friday, July 25th. They now have a $36.00 price target on the stock, up previously from $34.00. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $32.97.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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