Allison Transmission (NYSE:ALSN) announced a quarterly dividend on Thursday, May 10th, Zacks reports. Stockholders of record on Monday, May 21st will be paid a dividend of 0.15 per share by the auto parts company on Thursday, May 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, May 18th.
Allison Transmission has raised its dividend payment by an average of 5.6% annually over the last three years. Allison Transmission has a dividend payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Allison Transmission to earn $4.09 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 14.7%.
Shares of ALSN stock opened at $43.04 on Thursday. The firm has a market cap of $5.88 billion, a PE ratio of 16.18, a PEG ratio of 1.09 and a beta of 1.21. Allison Transmission has a one year low of $42.51 and a one year high of $43.07. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.25 and a current ratio of 1.64.
Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, April 30th. The auto parts company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.30. The firm had revenue of $663.00 million for the quarter, compared to the consensus estimate of $573.01 million. Allison Transmission had a net margin of 23.58% and a return on equity of 71.50%. The company’s revenue was up 32.9% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. equities analysts forecast that Allison Transmission will post 3.92 EPS for the current fiscal year.
ALSN has been the topic of several recent analyst reports. ValuEngine downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Stifel Nicolaus raised shares of Allison Transmission from a “hold” rating to a “buy” rating and raised their target price for the company from $44.00 to $50.00 in a research note on Friday, February 16th. William Blair reaffirmed a “buy” rating on shares of Allison Transmission in a research note on Tuesday, February 13th. Finally, Zacks Investment Research raised shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $44.09.
In related news, Director James A. Star sold 108,292 shares of the firm’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $42.28, for a total transaction of $4,578,585.76. Following the completion of the transaction, the director now directly owns 41,900 shares of the company’s stock, valued at $1,771,532. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Star sold 108,397 shares of the firm’s stock in a transaction on Friday, April 20th. The shares were sold at an average price of $41.26, for a total transaction of $4,472,460.22. Following the transaction, the director now directly owns 41,900 shares of the company’s stock, valued at $1,728,794. The disclosure for this sale can be found here. Insiders have sold 363,660 shares of company stock valued at $14,998,735 over the last ninety days. 8.40% of the stock is currently owned by corporate insiders.
About Allison Transmission
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. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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