Allison Transmission Holdings, Inc. to Issue Quarterly Dividend of $0.25 (NYSE:ALSN)

Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.25 per share by the auto parts company on Wednesday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, November 18th.

Allison Transmission has increased its dividend payment by an average of 10.6% annually over the last three years. Allison Transmission has a dividend payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Allison Transmission to earn $9.05 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 11.0%.

Allison Transmission Stock Performance

Shares of NYSE:ALSN opened at $116.11 on Friday. The business’s 50-day simple moving average is $99.58 and its 200 day simple moving average is $86.61. The company has a market cap of $10.06 billion, a P/E ratio of 14.14, a PEG ratio of 2.12 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. Allison Transmission has a one year low of $52.83 and a one year high of $121.36.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same quarter last year, the firm posted $1.76 earnings per share. The business’s quarterly revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts forecast that Allison Transmission will post 8.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ALSN shares. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Citigroup increased their price target on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Oppenheimer increased their target price on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $92.25.

Insider Activity

In related news, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the transaction, the vice president now owns 9,601 shares in the company, valued at $960,100. The trade was a 15.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John Coll sold 2,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. This represents a 13.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is currently owned by insiders.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.