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

Allison Transmission Holdings, Inc. (NYSE:ALSN) declared a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 0.85%. 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 10.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Allison Transmission to earn $9.00 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 11.1%.

Allison Transmission Trading Up 0.7 %

NYSE:ALSN opened at $118.05 on Friday. Allison Transmission has a 12 month low of $51.86 and a 12 month high of $118.58. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 1.89 and a beta of 0.98. The company has a 50-day moving average price of $96.71 and a 200-day moving average price of $85.22. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 earnings per share. Equities analysts predict that Allison Transmission will post 8.25 EPS for the current year.

Insiders Place Their Bets

In other news, VP Thomas Eifert sold 2,000 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at $912,095. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 5,741 shares of company stock worth $546,060. Company insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALSN shares. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. The Goldman Sachs Group upped their price target on Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Robert W. Baird raised their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Citigroup boosted their target price on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Bank of America upped their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average price target of $92.25.

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.