3,471 Shares in Allison Transmission Holdings, Inc. (NYSE:ALSN) Purchased by Brookstone Capital Management

Brookstone Capital Management bought a new stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,471 shares of the auto parts company’s stock, valued at approximately $202,000.

Several other institutional investors also recently bought and sold shares of ALSN. Norges Bank acquired a new position in Allison Transmission in the 4th quarter valued at about $49,812,000. Balyasny Asset Management LLC purchased a new position in shares of Allison Transmission in the 3rd quarter valued at about $16,514,000. AQR Capital Management LLC boosted its stake in shares of Allison Transmission by 18.9% in the 4th quarter. AQR Capital Management LLC now owns 2,244,170 shares of the auto parts company’s stock valued at $92,639,000 after buying an additional 357,322 shares during the period. Virginia Retirement Systems ET AL purchased a new position in shares of Allison Transmission in the 2nd quarter valued at about $19,309,000. Finally, Two Sigma Investments LP purchased a new position in shares of Allison Transmission in the 4th quarter valued at about $13,939,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Stock Up 1.0 %

Shares of NYSE:ALSN opened at $80.76 on Thursday. The stock has a market cap of $7.04 billion, a P/E ratio of 10.85, a P/E/G ratio of 1.48 and a beta of 1.02. The firm has a fifty day moving average price of $69.54 and a 200 day moving average price of $61.10. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.49 and a quick ratio of 1.94. Allison Transmission Holdings, Inc. has a 1-year low of $43.02 and a 1-year high of $80.84.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, February 13th. The auto parts company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.42 by $0.49. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The company had revenue of $775.00 million during the quarter, compared to analysts’ expectations of $744.00 million. During the same quarter last year, the business earned $1.52 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 7.64 EPS for the current year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, March 1st. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s dividend payout ratio (DPR) is 13.44%.

Insider Transactions at Allison Transmission

In other news, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the sale, the vice president now owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the transaction, the chief executive officer now owns 125,479 shares in the company, valued at approximately $8,855,053.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the transaction, the vice president now owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,843 shares of company stock worth $6,244,562. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ALSN shares. Morgan Stanley started coverage on Allison Transmission in a research note on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price objective for the company. Robert W. Baird boosted their target price on Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Oppenheimer boosted their target price on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, The Goldman Sachs Group boosted their target price on Allison Transmission from $48.00 to $55.00 and gave the stock a “sell” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and an average price target of $63.88.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. The company offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.