Allison Transmission Holdings, Inc. (NYSE:ALSN) raises dividend to $0.21 per share

Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) announced a quarterly dividend on Friday, February 25, reports The Wall Street Journal. Investors of record on Monday, March 7 will receive a dividend of 0.21 per share from the auto parts company on Friday, March 18. This represents an annualized dividend of $0.84 and a dividend yield of 2.11%. The ex-dividend date is Friday, March 4. This is an increase from Allison Transmission’s previous quarterly dividend of $0.19.

Allison Transmission has increased its dividend payout by 26.7% over the past three years and has increased its dividend annually for the past 2 consecutive years. Allison Transmission has a payout ratio of 12.4%, which means its dividend is sufficiently covered by earnings. Analysts expect Allison Transmission to earn $5.81 per share next year, meaning the company should continue to be able to cover its $0.76 annual dividend with a payout ratio. expected future of 13.1%.

ALSN shares traded at $1.62 during Friday trading hours, hitting $39.73. 1,084,721 shares were traded, against an average volume of 957,785. The company has a debt ratio of 3.54, a quick ratio of 1.32 and a current ratio of 1.81. The stock’s 50-day moving average price is $38.24 and its two-hundred-day moving average price is $36.90. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 9.25, a growth price-to-earnings ratio of 1.17 and a beta of 1.02. Allison Transmission has a 12 month minimum of $32.55 and a 12 month maximum of $46.40.

(A d)

The metaverse is destined to become the latest iteration of social interaction.

Similar to social media giants like Facebook and Instagram today.

Bloomberg Intelligence estimates that the size of the metaverse market could reach $800 billion by 2024.

Get the name and ticker of these 4 Metaverse stocks.

Allison Transmission (NYSE:ALSN – Get Rating) last reported results on Tuesday, February 15. The auto parts company reported earnings per share (EPS) of $1.15 for the quarter, beating Thomson Reuters consensus estimate of $0.91 by $0.24. The company posted revenue of $644.00 million in the quarter, compared to $593.05 million expected by analysts. Allison Transmission had a return on equity of 60.19% and a net margin of 18.40%. The company’s quarterly revenue increased 20.4% year over year. During the same period of the previous year, the company achieved EPS of $0.53. On average, research analysts expect Allison Transmission to post earnings per share of 4.92 for the current year.

The ALSN has been the subject of several analyst reports. Goldman Sachs Group raised its target price on Allison Transmission from $35.00 to $38.00 in a Thursday, February 17 report. Morgan Stanley raised its price target on Allison Transmission from $30.00 to $31.00 and gave the company an “underweight” rating in a Thursday, Feb. 17 report. Zacks Investment Research downgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $41.00 price target for the stock in a Tuesday, Feb. 8 research note. TheStreet upgraded Allison Transmission from a “c” to a “b-” rating in a Tuesday, January 11 research note. Finally, Credit Suisse Group downgraded Allison Transmission from an “outperform” rating to a “neutral” rating and set a price target of $48.00 for the stock. in a research note on Tuesday. Four equity research analysts have assigned the stock a sell rating, four have issued a hold rating and one has assigned the company’s stock a buy rating. Based on MarketBeat data, Allison Transmission currently has a consensus rating of “Hold” and a consensus price target of $41.56.

Separately, Vice Chairman Eric C. Scroggins sold 3,475 shares in a trade dated Thursday, Dec. 16. The stock was sold at an average price of $35.00, for a total transaction of $121,625.00. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. 1.10% of the shares are currently held by insiders.

A number of hedge funds have recently bought and sold shares of ALSN. Morgan Stanley increased its stake in Allison Transmission shares by 28.9% in the third quarter. Morgan Stanley now owns 259,229 shares of the auto parts company valued at $9,156,000 after acquiring an additional 58,161 shares in the last quarter. Royal Bank of Canada increased its stake in Allison Transmission shares by 62.2% in the third quarter. Royal Bank of Canada now owns 19,090 shares of the auto parts company valued at $674,000 after acquiring 7,324 more shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Allison Transmission shares to 68.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 438,345 shares of the auto parts company valued at $15,934,000 after acquiring an additional 178,150 shares in the last quarter. State Street Corp increased its stake in Allison Transmission shares by 0.3% in the fourth quarter. State Street Corp now owns 1,738,220 shares of the auto parts company valued at $63,184,000 after acquiring 4,403 additional shares in the last quarter. Finally, Stifel Financial Corp increased its stake in Allison Transmission shares by 2.3% in the 4th quarter. Stifel Financial Corp now owns 38,008 shares of the auto parts company valued at $1,381,000 after acquiring 841 additional shares in the last quarter. 97.29% of the shares are currently held by institutional investors.

About Allison Transmission (Get a rating)

Allison Transmission Holdings, Inc engages in the design and manufacture of vehicle propulsion solutions for commercial and defense vehicles. The company also manufactures fully automatic transmissions and medium-duty and heavy-duty electrified propulsion systems. Its products are used in a variety of applications, including on-road trucks, buses, motor homes, off-road vehicles and equipment, and defense vehicles.

Featured articles

Dividend history for Allison Transmission (NYSE:ALSN)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Allison Transmission right now?

Before you consider Allison Transmission, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Allison Transmission wasn’t on the list.

While Allison Transmission currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.