Allison Transmission Holdings Inc [ALSN] stock is trading at $74.63, up 1.69%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALSN shares have gain 4.01% over the last week, with a monthly amount glided 27.51%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Allison Transmission Announces a 9% Increase to the Quarterly Dividend and the Annual Stockholders Meeting and Record Date. In a post published today on Yahoo Finance, Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, announced today that its Board of Directors has approved an increase in the Company’s quarterly dividend from $0.23 to $0.25 per share on the Company’s common stock and has declared a cash dividend of $0.25 per share on the Company’s common stock for the first quarter of 2024. Payment will be made on March 15, to stockholders of record at the close of business on March 4.
From an analyst’s perspective:
Allison Transmission Holdings Inc [NYSE: ALSN] stock has seen the most recent analyst activity on January 08, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $62. Previously, JP Morgan upgraded its rating to Neutral on October 16, 2023, and elevated its price target to $70. On February 22, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $48 on the stock. Morgan Stanley downgraded its rating to a Underweight and decreased its price target to $30 on December 09, 2021. Goldman downgraded its rating to a Sell and reduced its price target to $42 on June 01, 2021. Raymond James downgraded its rating to Mkt Perform for this stock on April 21, 2021. In a note dated January 20, 2021, Vertical Research initiated an Hold rating.
Allison Transmission Holdings Inc [ALSN] stock has fluctuated between $41.61 and $73.47 over the past year. Currently, Wall Street analysts expect the stock to reach $36 within the next 12 months. Allison Transmission Holdings Inc [NYSE: ALSN] shares were valued at $74.63 at the most recent close of the market. An investor can expect a potential drop of -51.76% based on the average ALSN price forecast.
Analyzing the ALSN fundamentals
Allison Transmission Holdings Inc [NYSE:ALSN] reported sales of 3.04B for the trailing twelve months, which represents a growth of 7.94%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 73.15 points at the first support level, and at 71.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.46, and for the 2nd resistance point, it is at 76.30.
Allison Transmission Holdings Inc [ALSN] reported earnings per share of $1.91 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.43/share, meaning a difference of $0.48 and a surprise factor of 33.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.76 per share as compared to estimates of $1.75 per share, a difference of $0.01 representing a surprise of 0.60%.
Ratios To Look Out For
For context, Allison Transmission Holdings Inc’s Current Ratio is 2.50. In addition, the Quick Ratio stands at 1.94 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 2.14, the price to book ratio is 5.31 and price to earnings (TTM) ratio is 10.04.
Transactions by insiders
Recent insider trading involved Pittard Dana JH, VP, Defense Programs, that happened on Feb 20 when 38945.0 shares were sold. VP, Gen. Counsel & Secretary, Scroggins Eric C. completed a deal on Feb 20 to sell 2040.0 shares. Meanwhile, Chairman, President and CEO Graziosi David S. sold 68066.0 shares on Feb 16.
