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Allison Transmission Holdings (NASDAQ:ALSN) CEO Lawrence E. Dewey sold 200,000 shares of the company’s stock on the open market 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 sale, the chief executive officer now directly owns 245,744 shares of the company’s stock, valued at approximately $7,364,948. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Allison Transmission Holdings (NASDAQ:ALSN) opened at 30.86 on Thursday. 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 $30.67 and its 200-day moving average is $30.14. The company has a market cap of $5.453 billion and a price-to-earnings ratio of 28.88.

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. 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. 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 1.56%. The ex-dividend date of this dividend is Thursday, August 14th.

A number of analysts have recently weighed in on ALSN shares. 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 equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Allison Transmission Holdings has a consensus rating of “Buy” and a consensus target price of $32.89.

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

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