Michael G. Headly Sells 4,000 Shares of Allison Transmission Holdings Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) SVP Michael G. Headly unloaded 4,000 shares of Allison Transmission Holdings stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $30.00, for a total value of $120,000.00. Following the completion of the sale, the senior vice president now directly owns 22,200 shares in the company, valued at approximately $666,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on ALSN. 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 research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $32.89.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) traded down 0.56% during mid-day trading on Thursday, hitting $29.95. The stock had a trading volume of 672,045 shares. 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 P/E ratio of 28.44.
Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings results 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 announced a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, August 14th.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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