Insider Selling: Allison Transmission Holdings CFO Unloads 10,000 Shares of Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) CFO David S. Graziosi sold 10,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $30.02, for a total transaction of $300,200.00. Following the transaction, the chief financial officer now directly owns 145,884 shares of the company’s stock, valued at approximately $4,379,438. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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, July 28th. 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. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $32.89.
Allison Transmission Holdings (NASDAQ:ALSN) traded down 0.56% on Thursday, hitting $29.95. 672,045 shares of the company’s stock traded hands. Allison Transmission Holdings has a one year low of $22.09 and a one year high of $32.21. The stock’s 50-day moving average is $30.78 and its 200-day moving average is $30.07. The company has a market cap of $5.292 billion and a price-to-earnings ratio of 28.44.
Allison Transmission Holdings (NASDAQ:ALSN) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.31 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts predict that Allison Transmission Holdings will post $1.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Monday, August 18th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, August 14th.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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