Insider Selling: Michael G. Headly Unloads 4,000 Shares of Allison Transmission Holdings Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) SVP Michael G. Headly sold 4,000 shares of Allison Transmission Holdings stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $30.00, for a total transaction of $120,000.00. Following the completion of the transaction, the senior vice president now directly owns 22,200 shares in the company, valued at approximately $666,000. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) opened at 29.76 on Monday. Allison Transmission Holdings has a 52-week low of $22.09 and a 52-week high of $32.21. The stock’s 50-day moving average is $30.71 and its 200-day moving average is $30.08. The company has a market cap of $5.258 billion and a P/E ratio of 28.28.
Allison Transmission Holdings (NASDAQ:ALSN) last released its earnings data on Wednesday, July 23rd. The company reported $0.31 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.26 earnings per share. Allison Transmission Holdings’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that Allison Transmission Holdings will post $1.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors 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 1.61%. The ex-dividend date of this dividend is Thursday, August 14th.
ALSN has been the subject of a number of recent research reports. 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. Allison Transmission Holdings presently has a consensus rating of “Buy” and an average price target of $32.89.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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