Allison Transmission (NYSE:ALSN) Sets New 1-Year High - Time to Buy?

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $121.31 and last traded at $120.77, with a volume of 28207 shares traded. The stock had previously closed at $118.96.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America upped their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. Citigroup upped their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, October 11th. The Goldman Sachs Group increased their target price on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a "sell" rating in a report on Friday, November 1st. Finally, Robert W. Baird upped their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and an average price target of $92.25.

Allison Transmission Stock Performance

The company has a market cap of $10.40 billion, a PE ratio of 14.62, a P/E/G ratio of 2.12 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The company's fifty day moving average price is $97.23 and its 200 day moving average price is $85.57.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to analysts' expectations 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 business earned $1.76 earnings per share. On average, equities research analysts predict that Allison Transmission Holdings, Inc. will post 8.2 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. Allison Transmission's dividend payout ratio is currently 12.18%.

Insider Activity at Allison Transmission

In related news, VP Thomas Eifert sold 1,741 shares of the firm'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 of the company's stock, valued at $960,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares of the company's stock, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,741 shares of company stock worth $546,060 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Advisors Asset Management Inc. lifted its holdings in Allison Transmission by 180.6% during the third quarter. Advisors Asset Management Inc. now owns 1,905 shares of the auto parts company's stock worth $183,000 after buying an additional 1,226 shares during the period. Jennison Associates LLC acquired a new position in shares of Allison Transmission in the 3rd quarter valued at $52,156,000. Commerce Bank boosted its holdings in Allison Transmission by 2.8% in the third quarter. Commerce Bank now owns 7,826 shares of the auto parts company's stock valued at $752,000 after purchasing an additional 215 shares during the last quarter. Caprock Group LLC purchased a new stake in Allison Transmission in the third quarter valued at $290,000. Finally, Quest Partners LLC boosted its holdings in Allison Transmission by 4,708.1% in the third quarter. Quest Partners LLC now owns 17,165 shares of the auto parts company's stock valued at $1,649,000 after purchasing an additional 16,808 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Company Profile

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.