Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares to Pay Quarterly Dividend of $0.29

Allison Transmission Holdings, Inc. (NYSE:ALSN) declared a quarterly dividend on Wednesday, November 11th. Investors of record on Monday, November 23rd will be paid 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 yield of 0.9%. The ex-dividend date is Monday, November 23rd.

Allison Transmission has raised its dividend payment by an average of 0.1% per year 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. Equities research 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 Stock Performance

Shares of ALSN opened at $130.33 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a market capitalization of $10.70 billion, a P/E ratio of 18.73, a P/E/G ratio of 0.60 and a beta of 1.06. The company’s fifty day moving average is $116.51 and its two-hundred day moving average is $118.72. Allison Transmission has a 1 year low of $78.77 and a 1 year high of $137.62.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, November 2nd. The auto parts company reported $2.90 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The firm’s quarterly revenue was up 121.4% on a year-over-year basis. On average, sell-side analysts predict that Allison Transmission will post 10.68 earnings per share for the current year.

Insider Buying and Selling

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 transaction of $3,551,362.76. Following the completion of the sale, the chief executive officer directly owned 304,843 shares in the company, valued at $40,534,973.71. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in shares of Allison Transmission by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 22,938 shares of the auto parts company’s stock valued at $2,586,000 after buying an additional 78 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Allison Transmission by 1.6% in the first quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company’s stock worth $758,000 after buying an additional 100 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Allison Transmission by 3.2% in the third quarter. Brighton Jones LLC now owns 3,682 shares of the auto parts company’s stock worth $417,000 after buying an additional 115 shares during the last quarter. Mather Group LLC. raised its holdings in Allison Transmission by 68.2% in the third quarter. Mather Group LLC. now owns 291 shares of the auto parts company’s stock valued at $33,000 after acquiring an additional 118 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Allison Transmission by 8.6% in the third quarter. Parallel Advisors LLC now owns 1,779 shares of the auto parts company’s stock valued at $202,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About Allison Transmission

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.