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Friday, December 2, 2022

Is Allison Transmission Holdings Inc. (NYSE: ALSN) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Allison Transmission Holdings Inc. (ALSN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -0.11%, to $35.75. Volume reached 16,237 shares, with price reaching a high of $35.79 and a low of $35.75. Most recently, Yahoo Finance reported about the stock as it publicized that Allison Transmission Schedules Third Quarter 2022 Earnings Conference Call.


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Stocks Info

ALSN belongs to the Consumer Cyclical sector of the NYSE while operating in the Auto Parts industry. At the end of the last regular session, the stock closed at $35.79 and fluctuated between $36.34 as its day high and $35.27 as its day low. The current market capitalization of Allison Transmission Holdings Inc. is $3.49B. A total of 1.03 million shares were traded on the day, compared to an average of 862.19K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ALSN has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 837 and the disposition of 0 shares. Over the last 12 months, there were 45 BUYs and 24 SELLs from insiders. Insiders purchased 235,471 shares during that period but sold 326,346.

In the most recent transaction, Graziosi David S. sold 69,110 shares of ALSN for 40.06 per share on Mar 21. After the transaction, the Chairman, President and CEO now owns 158,768 company shares. In a previous transaction on Mar 18, Graziosi David S. sold 134,443 shares at 38.98 per share. ALSN shares that Chairman, President and CEO owns now total 227,878.

Among the insiders who sold shares, Scroggins Eric C. disposed of 3,475 shares on Dec 16 at a per-share price of $35.00. This resulted in the VP, Gen. Counsel holding 25,941 shares of ALSN after the transaction. In another insider transaction, RABAUT THOMAS W bought 5,475 shares at $36.59 per share on Nov 12. Company shares held by the Director now total 9,865.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Allison Transmission Holdings Inc. pays an annual dividend of $0.84, resulting in a dividend yield of 2.35%, and it has a price to earnings (P/E) ratio of 7.75. ALSN’s most recent ex-dividend date was 08/19/2022 when it declared a $0.21 quarterly dividend that was paid in cash on 08/31/2022. Previously, the company paid the dividend on 05/27/2022 with an ex-dividend date of 05/13/2022. The dividend was $0.21 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ALSN in the last 3 months, the mean price target is $43.22 with high estimates of $70.00 and low estimates of $31.00. In terms of 52-week highs and lows, ALSN has a high of $42.00 and a low of $32.55.

As of this writing, ALSN has an earnings estimate of $1.32 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.41 per share and a lower estimate of $1.2. The company reported an EPS of $1.26 in the last quarter, which was -6.67% lower than expectations of $1.35.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALSN is Hold with a score of 2.83. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 3 thought it should be Sold.

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