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Allison Transmission (NYSE:ALSN) Reaches New 12-Month High - Should You Buy?

Allison Transmission logo with Auto/Tires/Trucks background

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $109.75 and last traded at $109.64, with a volume of 558798 shares changing hands. The stock had previously closed at $106.74.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of recent analyst reports. StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a research note on Friday, October 11th. Robert W. Baird upped their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Citigroup lifted their price target 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. Finally, Oppenheimer upped their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $92.25.

Read Our Latest Stock Report on ALSN

Allison Transmission Stock Performance

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 stock's 50-day moving average price is $95.24 and its 200 day moving average price is $84.54. The firm has a market cap of $9.50 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 1.91 and a beta of 0.98.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings data 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. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million during the quarter, compared to analysts' expectations of $790.08 million. During the same quarter last year, the company earned $1.76 EPS. Allison Transmission's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities analysts predict that Allison Transmission Holdings, Inc. will post 8.18 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.91%. Allison Transmission's dividend payout ratio is presently 12.18%.

Insiders Place Their Bets

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 transaction, the vice president now directly owns 9,601 shares of the company's stock, valued at approximately $960,100. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares of the company's stock, valued at $960,100. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president now owns 12,420 shares of the company's stock, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,741 shares of company stock valued at $546,060. 0.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ALSN. GSA Capital Partners LLP bought a new stake in Allison Transmission during the first quarter worth about $1,229,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Allison Transmission during the first quarter valued at approximately $1,342,000. Susquehanna Fundamental Investments LLC bought a new stake in Allison Transmission during the first quarter worth $1,120,000. State Board of Administration of Florida Retirement System boosted its holdings in shares of Allison Transmission by 11.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 99,254 shares of the auto parts company's stock valued at $8,055,000 after purchasing an additional 10,196 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Allison Transmission by 238.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 16,191 shares of the auto parts company's stock valued at $1,229,000 after purchasing an additional 11,401 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

About Allison Transmission

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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