Allison Transmission Holdings SVP Sells $368,043 in Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) SVP Randall R. Kirk sold 12,004 shares of Allison Transmission Holdings stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $30.66, for a total value of $368,042.64. Following the completion of the transaction, the senior vice president now directly owns 12,902 shares in the company, valued at approximately $395,575. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $32.89.
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 873,113 shares. Allison Transmission Holdings has a 52 week low of $22.29 and a 52 week high of $32.21. The stock has a 50-day moving average of $30.55 and a 200-day moving average of $30.21. The company has a market cap of $5.421 billion and a P/E ratio of 28.63.
Allison Transmission Holdings (NASDAQ:ALSN) last issued its quarterly 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 $1.19 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 1.58%. The ex-dividend date of this dividend is Thursday, August 14th.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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