Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives Average Recommendation of “Reduce” from Brokerages

Posted by Defense World Staff on Aug 6th, 2023

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Free Report) have earned an average rating of “Reduce” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $52.86.

ALSN has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on shares of Allison Transmission from $39.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, April 20th. Citigroup raised their price target on shares of Allison Transmission from $62.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, August 1st. Oppenheimer raised their price target on shares of Allison Transmission from $53.00 to $67.00 in a report on Friday, July 28th. Credit Suisse Group raised their price target on shares of Allison Transmission from $49.00 to $57.00 in a report on Monday, July 31st. Finally, The Goldman Sachs Group raised their price target on shares of Allison Transmission from $42.00 to $48.00 and gave the stock a “sell” rating in a report on Monday, July 31st.

Allison Transmission Trading Down 1.1 %

ALSN opened at $58.19 on Friday. Allison Transmission has a twelve month low of $32.63 and a twelve month high of $60.17. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 2.37. The company has a fifty day moving average of $55.47 and a 200-day moving average of $49.36. The stock has a market cap of $5.21 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.01.

Allison Transmission (NYSE:ALSN – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.31. Allison Transmission had a net margin of 21.17% and a return on equity of 67.93%. The company had revenue of $783.00 million during the quarter, compared to analysts’ expectations of $735.95 million. During the same period in the prior year, the company posted $1.26 earnings per share. Allison Transmission’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, sell-side analysts predict that Allison Transmission will post 6.86 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, August 14th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, August 11th. Allison Transmission’s dividend payout ratio (DPR) is 13.65%.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $56.89, for a total transaction of $113,780.00. Following the transaction, the senior vice president now directly owns 18,788 shares of the company’s stock, valued at $1,068,849.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC raised its position in Allison Transmission by 38.9% in the fourth quarter. Kestra Advisory Services LLC now owns 9,872 shares of the auto parts company’s stock worth $411,000 after acquiring an additional 2,763 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in Allison Transmission by 23.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 98,400 shares of the auto parts company’s stock worth $4,093,000 after acquiring an additional 18,756 shares during the period. Versor Investments LP raised its position in Allison Transmission by 30.2% in the fourth quarter. Versor Investments LP now owns 31,117 shares of the auto parts company’s stock worth $1,294,000 after acquiring an additional 7,209 shares during the period. Summit Global Investments bought a new stake in Allison Transmission in the fourth quarter worth about $304,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Allison Transmission by 376.9% in the first quarter. Nisa Investment Advisors LLC now owns 17,606 shares of the auto parts company’s stock worth $796,000 after purchasing an additional 13,914 shares in the last quarter. 98.67% of the stock is owned by institutional investors.

About Allison Transmission

(Get Free Report

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. The company offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.