Allison Transmission’s (ALSN) “Buy (B-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their buy (b-) rating on shares of Allison Transmission (NYSE:ALSN) in a research note published on Wednesday morning,Weiss Ratings reports.

ALSN has been the topic of a number of other research reports. Raymond James Financial decreased their target price on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, July 21st. Citigroup decreased their target price on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 24th. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Wall Street Zen lowered Allison Transmission from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Finally, Bank of America raised their price objective on Allison Transmission from $74.00 to $79.00 and gave the company an “underperform” rating in a report on Monday, June 16th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Allison Transmission currently has a consensus rating of “Hold” and an average target price of $98.38.

Allison Transmission Trading Down 2.0%

Shares of NYSE:ALSN opened at $79.41 on Wednesday. Allison Transmission has a 1 year low of $79.36 and a 1 year high of $122.53. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 9.02 and a beta of 1.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. The business’s 50 day moving average price is $87.32 and its 200-day moving average price is $92.34.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. During the same quarter last year, the firm posted $2.13 EPS. The business’s revenue was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, August 20th. Allison Transmission’s payout ratio is currently 12.27%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Compound Planning Inc. raised its holdings in shares of Allison Transmission by 5.3% during the 1st quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company’s stock worth $209,000 after acquiring an additional 109 shares during the period. Callan Family Office LLC raised its holdings in shares of Allison Transmission by 5.1% during the 1st quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company’s stock worth $249,000 after acquiring an additional 126 shares during the period. KBC Group NV raised its holdings in shares of Allison Transmission by 3.7% during the 1st quarter. KBC Group NV now owns 3,596 shares of the auto parts company’s stock worth $344,000 after acquiring an additional 127 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Allison Transmission by 2.1% during the 2nd quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock worth $594,000 after acquiring an additional 131 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Allison Transmission by 9.8% during the 1st quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company’s stock worth $148,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About Allison Transmission

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.