Allison Transmission Holdings SVP Michael G. Headly Unloads 42,199 Shares (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) SVP Michael G. Headly sold 42,199 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $30.42, for a total value of $1,283,693.58. Following the sale, the senior vice president now directly owns 30,001 shares of the company’s stock, valued at approximately $912,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Allison Transmission Holdings (NASDAQ:ALSN) traded up 1.19% during mid-day trading on Friday, hitting $30.68. The stock had a trading volume of 877,437 shares. Allison Transmission Holdings has a one year low of $22.29 and a one year high of $32.21. The stock’s 50-day moving average is $30.55 and its 200-day moving average is $30.21. The company has a market cap of $5.421 billion and a price-to-earnings ratio of 28.63.
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 $1.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.89.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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