Share on StockTwits

Allison Transmission Holdings (NASDAQ:ALSN) CEO Lawrence E. Dewey sold 200,000 shares of Allison Transmission Holdings stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $29.97, for a total value of $5,994,000.00. Following the transaction, the chief executive officer now directly owns 245,744 shares in the company, valued at approximately $7,364,948. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.89.

Allison Transmission Holdings (NASDAQ:ALSN) traded up 0.26% during mid-day trading on Tuesday, hitting $30.58. The stock had a trading volume of 1,474,471 shares. Allison Transmission Holdings has a 1-year low of $22.09 and a 1-year high of $32.21. The stock’s 50-day moving average is $30.70 and its 200-day moving average is $30.12. The company has a market cap of $5.403 billion and a P/E ratio of 28.80.

Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings results 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. 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. Investors 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 1.57%. The ex-dividend date is Thursday, August 14th.

Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.