Allison Transmission Holdings, Inc. (ALSN) to Distribute Quarterly Dividend of $0.29 on December 4th

Allison Transmission Holdings, Inc. (NYSE:ALSN) declared a quarterly dividend on Wednesday, November 11th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.29 per share by the auto parts company on Friday, December 4th. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 23rd.

Allison Transmission has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Allison Transmission has a payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Allison Transmission to earn $11.56 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.0%.

Allison Transmission Price Performance

ALSN opened at $125.61 on Friday. The firm has a market cap of $10.32 billion, a P/E ratio of 13.14, a PEG ratio of 0.62 and a beta of 1.06. The firm has a 50-day moving average of $116.48 and a 200 day moving average of $118.80. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.16 and a current ratio of 1.77. Allison Transmission has a fifty-two week low of $78.77 and a fifty-two week high of $137.62.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, November 2nd. The auto parts company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.58. Allison Transmission had a return on equity of 42.33% and a net margin of 11.12%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $1.63 EPS. The firm’s revenue for the quarter was up 121.4% on a year-over-year basis. On average, research analysts expect that Allison Transmission will post 10.77 EPS for the current year.

Insider Transactions at Allison Transmission

In other Allison Transmission news, CEO David Graziosi sold 26,708 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the transaction, the chief executive officer owned 304,843 shares of the company’s stock, valued at $40,534,973.71. The trade was a 8.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Allison Transmission

Institutional investors and hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC grew its position in Allison Transmission by 38.4% in the third quarter. Private Advisor Group LLC now owns 4,968 shares of the auto parts company’s stock worth $563,000 after acquiring an additional 1,378 shares in the last quarter. Taylor Hoffman Capital Management LLC lifted its stake in Allison Transmission by 0.7% during the third quarter. Taylor Hoffman Capital Management LLC now owns 72,453 shares of the auto parts company’s stock worth $8,206,000 after purchasing an additional 481 shares during the last quarter. Ieq Capital LLC lifted its stake in Allison Transmission by 349.3% during the third quarter. Ieq Capital LLC now owns 23,701 shares of the auto parts company’s stock worth $2,684,000 after purchasing an additional 18,426 shares during the last quarter. Boston Partners lifted its stake in Allison Transmission by 21.7% during the third quarter. Boston Partners now owns 3,866,012 shares of the auto parts company’s stock worth $437,891,000 after purchasing an additional 689,484 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Allison Transmission in the 3rd quarter worth about $1,183,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Company Profile

Allison Transmission designs and manufactures vehicle propulsion solutions, with a core business in fully automatic transmissions for commercial and military vehicles. Its products are used in applications such as buses, trucks, construction and refuse vehicles, emergency vehicles, and defense equipment. The company also develops electrified propulsion technologies, including hybrid systems and electric axles, for commercial vehicles. Allison serves customers in markets around the world. Founded in 1915, Allison’s transmission business was part of General Motors for decades before becoming independent in 2007.