Analysts Set Allison Transmission Holdings, Inc. (NYSE:ALSN) PT at $98.38

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have earned an average rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $98.3750.

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Allison Transmission from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Bank of America lifted their price target on Allison Transmission from $74.00 to $79.00 and gave the company an “underperform” rating in a research note on Monday, June 16th. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. The Goldman Sachs Group lifted their price target on Allison Transmission from $80.00 to $90.00 and gave the company a “sell” rating in a research note on Tuesday, May 27th. Finally, Raymond James Financial decreased their price target on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, July 21st.

Institutional Investors Weigh In On Allison Transmission

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its position in Allison Transmission by 18.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after acquiring an additional 304,974 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Allison Transmission by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company’s stock valued at $178,686,000 after buying an additional 10,208 shares during the last quarter. State Street Corp grew its position in shares of Allison Transmission by 1.1% in the 2nd quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock valued at $156,951,000 after buying an additional 17,783 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Allison Transmission by 35.7% in the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock valued at $146,740,000 after buying an additional 406,540 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Allison Transmission by 6.8% in the 1st quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company’s stock valued at $120,795,000 after buying an additional 80,653 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $87.28 on Friday. The stock has a market capitalization of $7.30 billion, a PE ratio of 9.92 and a beta of 1.02. 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 has a fifty day moving average price of $88.23 and a two-hundred day moving average price of $93.48. Allison Transmission has a fifty-two week low of $80.39 and a fifty-two week high of $122.53.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.09. The firm had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Allison Transmission’s payout ratio is currently 12.27%.

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.