HB Wealth Management LLC Reduces Stock Holdings in Allison Transmission Holdings, Inc. $ALSN

HB Wealth Management LLC reduced its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,774 shares of the auto parts company’s stock after selling 440 shares during the quarter. HB Wealth Management LLC’s holdings in Allison Transmission were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Compound Planning Inc. lifted its position in shares of Allison Transmission by 5.3% during the 1st quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company’s stock valued at $209,000 after buying an additional 109 shares during the last quarter. Callan Family Office LLC raised its stake in Allison Transmission by 5.1% in the 1st quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company’s stock valued at $249,000 after acquiring an additional 126 shares during the period. KBC Group NV lifted its holdings in Allison Transmission by 3.7% during the first quarter. KBC Group NV now owns 3,596 shares of the auto parts company’s stock valued at $344,000 after purchasing an additional 127 shares during the last quarter. GAMMA Investing LLC boosted its position in Allison Transmission by 9.8% during the first quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company’s stock worth $148,000 after purchasing an additional 138 shares during the period. Finally, Islay Capital Management LLC boosted its position in Allison Transmission by 1.3% during the first quarter. Islay Capital Management LLC now owns 10,953 shares of the auto parts company’s stock worth $1,048,000 after purchasing an additional 140 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Down 0.0%

ALSN opened at $86.52 on Monday. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. The business’s fifty day simple moving average is $87.90 and its 200 day simple moving average is $92.83. Allison Transmission Holdings, Inc. has a 52 week low of $80.39 and a 52 week high of $122.53. The stock has a market cap of $7.23 billion, a PE ratio of 9.83 and a beta of 1.01.

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

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Allison Transmission’s dividend payout ratio (DPR) is 12.27%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Allison Transmission in a research report on Saturday, September 27th. Raymond James Financial lowered their target price on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. Citigroup cut their price target on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, June 24th. Wall Street Zen lowered Allison Transmission from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Finally, Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $98.38.

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.