Allison Transmission Holdings, Inc. (ALSN) to Distribute Quarterly Dividend of $0.29 on August 31st

Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a quarterly dividend on Tuesday, August 11th. Stockholders of record on Friday, August 21st will be given a dividend of 0.29 per share by the auto parts company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st.

Allison Transmission has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Allison Transmission has a payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Allison Transmission to earn $11.32 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 10.2%.

Allison Transmission Stock Performance

Shares of ALSN opened at $123.45 on Thursday. Allison Transmission has a 1 year low of $76.01 and a 1 year high of $137.62. The stock has a market capitalization of $10.19 billion, a PE ratio of 19.63, a PEG ratio of 0.67 and a beta of 0.95. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The stock has a 50-day simple moving average of $117.63 and a 200-day simple moving average of $118.48.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company earned $2.29 earnings per share. The firm’s revenue was up 92.4% compared to the same quarter last year. On average, analysts predict that Allison Transmission will post 9.94 earnings per share for the current fiscal year.

Institutional Trading of Allison Transmission

Several hedge funds have recently made changes to their positions in the company. Inscription Capital LLC raised its stake in shares of Allison Transmission by 0.7% during the 4th quarter. Inscription Capital LLC now owns 14,337 shares of the auto parts company’s stock worth $1,404,000 after buying an additional 95 shares during the last quarter. Gamco Investors INC. ET AL grew its position 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 valued at $758,000 after purchasing an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Allison Transmission by 16.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 105 shares in the last quarter. Villanova Investment Management Co LLC increased its stake in shares of Allison Transmission by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock worth $2,554,000 after purchasing an additional 106 shares in the last quarter. Finally, Xponance LLC raised its position in shares of Allison Transmission by 2.0% during the 4th quarter. Xponance LLC now owns 5,535 shares of the auto parts company’s stock worth $542,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.