Allison Transmission (ALSN) – Investment Analysts’ Recent Ratings Updates

Posted by Defense World Staff on Dec 26th, 2024

Allison Transmission (NYSE: ALSN) has recently received a number of price target changes and ratings updates:

12/26/2024 – Allison Transmission was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
12/18/2024 – Allison Transmission was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
12/17/2024 – Allison Transmission had its price target raised by analysts at Morgan Stanley from $110.00 to $112.00. They now have an “equal weight” rating on the stock.
12/12/2024 – Allison Transmission had its price target raised by analysts at The Goldman Sachs Group, Inc. from $82.00 to $94.00. They now have a “sell” rating on the stock.
12/10/2024 – Allison Transmission was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
12/9/2024 – Allison Transmission had its price target raised by analysts at Citigroup Inc. from $125.00 to $130.00. They now have a “neutral” rating on the stock.
12/2/2024 – Allison Transmission was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
11/20/2024 – Allison Transmission had its price target raised by analysts at Citigroup Inc. from $115.00 to $125.00. They now have a “neutral” rating on the stock.
11/1/2024 – Allison Transmission had its price target raised by analysts at The Goldman Sachs Group, Inc. from $72.00 to $82.00. They now have a “sell” rating on the stock.
10/30/2024 – Allison Transmission had its price target raised by analysts at Bank of America Co. from $67.00 to $77.00. They now have an “underperform” rating on the stock.
10/30/2024 – Allison Transmission had its price target raised by analysts at Oppenheimer Holdings Inc. from $90.00 to $115.00. They now have an “outperform” rating on the stock.
10/30/2024 – Allison Transmission had its price target raised by analysts at Robert W. Baird from $103.00 to $108.00. They now have a “neutral” rating on the stock.

Allison Transmission Stock Up 0.7 %

Shares of NYSE:ALSN opened at $109.14 on Thursday. Allison Transmission Holdings, Inc. has a 1-year low of $55.19 and a 1-year high of $122.53. 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 has a market cap of $9.45 billion, a P/E ratio of 13.29, a P/E/G ratio of 2.03 and a beta of 0.98. The firm has a fifty day moving average price of $111.76 and a 200 day moving average price of $94.68.

Allison Transmission (NYSE:ALSN – Get Free Report) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share 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 the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 earnings per share. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insider Transactions at Allison Transmission

In related 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 transaction of $174,100.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at $960,100. This represents a 15.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the sale, the senior vice president now directly owns 8,420 shares in the company, valued at $991,286.60. This represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,380 shares of company stock worth $2,640,837 over the last 90 days. 0.93% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Allison Transmission by 24.3% during the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after acquiring an additional 2,493,310 shares in the last quarter. Renaissance Technologies LLC boosted its position in Allison Transmission by 1.1% during the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock worth $267,359,000 after purchasing an additional 39,700 shares in the last quarter. Geode Capital Management LLC grew its holdings in Allison Transmission by 4.2% in the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after purchasing an additional 79,506 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Allison Transmission by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock valued at $143,716,000 after buying an additional 41,168 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Allison Transmission by 0.8% during the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after buying an additional 13,252 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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.