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. It 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. The company markets its transmissions under Allison Transmission brand name; and remanufactured transmissions under ReTran brand name. It also sells branded replacement parts, support equipment, aluminum die cast components, and other products necessary to service the installed base of vehicles utilizing its transmissions, as well as defense kits, engineering services, and extended transmission coverage services to various original equipment manufacturers, distributors, and the U.S. government. The company serves customers through an independent network of approximately 1,400 independent distributor and dealer locations. The company was formerly known as Clutch Holdings, Inc. Allison Transmission Holdings, Inc. was founded in 1915 and is headquartered in Indianapolis, Indiana.
IPO Year: 2012
Exchange: NYSE
Website: allisontransmission.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/28/2024 | $85.00 | Outperform | Raymond James |
| 6/26/2024 | $80.00 | Neutral | Citigroup |
| 1/8/2024 | $62.00 | Equal-Weight | Morgan Stanley |
| 10/16/2023 | $63.00 → $70.00 | Underweight → Neutral | JP Morgan |
| 2/22/2022 | $48.00 | Outperform → Neutral | Credit Suisse |
| 2/17/2022 | $30.00 → $31.00 | Underweight | Morgan Stanley |
| 12/9/2021 | $37.00 → $30.00 | Equal-Weight → Underweight | Morgan Stanley |
| 10/29/2021 | $45.00 → $44.00 | Outperform | Credit Suisse |
| 10/13/2021 | $41.00 → $38.00 | Equal-Weight | Morgan Stanley |
| 7/30/2021 | $55.00 → $51.00 | Outperform | Credit Suisse |
Raymond James initiated coverage of Allison Transmission with a rating of Outperform and set a new price target of $85.00
Citigroup initiated coverage of Allison Transmission with a rating of Neutral and set a new price target of $80.00
Morgan Stanley initiated coverage of Allison Transmission with a rating of Equal-Weight and set a new price target of $62.00
JP Morgan upgraded Allison Transmission from Underweight to Neutral and set a new price target of $70.00 from $63.00 previously
Credit Suisse downgraded Allison Transmission from Outperform to Neutral and set a new price target of $48.00
Morgan Stanley reiterated coverage of Allison Transmission with a rating of Underweight and set a new price target of $31.00 from $30.00 previously
Morgan Stanley downgraded Allison Transmission from Equal-Weight to Underweight and set a new price target of $30.00 from $37.00 previously
Credit Suisse reiterated coverage of Allison Transmission with a rating of Outperform and set a new price target of $44.00 from $45.00 previously
Morgan Stanley reiterated coverage of Allison Transmission with a rating of Equal-Weight and set a new price target of $38.00 from $41.00 previously
Credit Suisse reiterated coverage of Allison Transmission with a rating of Outperform and set a new price target of $51.00 from $55.00 previously
INDIANAPOLIS, Nov. 6, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN) today announced that its Board of Directors has declared a cash dividend of $0.25 per share on the Company's common stock for the third quarter of 2024. Payment will be made on November 27, 2024, to stockholders of record at the close of business on November 18, 2024. The payment of any future dividends will be at the discretion of the Board of Directors and will be dependent upon Allison Transmission's financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board of Directors. About Allison TransmissionAllison Transmission (NY
Record quarterly net sales of $824 million, up 12% year over yearNet Income of $200 million, up 27% year over yearDiluted EPS of $2.27, a quarterly record, up 29% year over year Increasing full year 2024 revenue, earnings and cash flow guidance INDIANAPOLIS, Oct. 29, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE:ALSN), today reported third quarter net sales of $824 million, a quarterly record driven by continued strength in our North America On-Highway, Defense and Outside North America On-Highway end markets. David S. Graziosi, Chair and Chief Executive Officer of Allison Transmission commented, "Demonstrated through our third quarter 2024 results, unprecedented demand for
INDIANAPOLIS, Oct. 15, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE:ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today announced that it will hold its third quarter 2024 financial results conference call at 5:00 p.m. EDT on Tuesday, October 29, 2024. David S. Graziosi, Chair & Chief Executive Officer, and G. Frederick Bohley, Chief Operating Officer, Chief Financial Officer & Treasurer, will review the company's financial performance for the period. The news release announcing the financial
INDIANAPOLIS, Aug. 7, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN) today announced that its Board of Directors has declared a cash dividend of $0.25 per share on the Company's common stock for the third quarter of 2024. Payment will be made on August 30, 2024, to stockholders of record at the close of business on August 19, 2024. The payment of any future dividends will be at the discretion of the Board of Directors and will be dependent upon Allison Transmission's financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board of Directors. About Allison Transmission Allison Transmission (NYSE:
Record quarterly net sales of $816 million, up 4% year over yearDiluted EPS of $2.13, up 11% year over yearIncreasing full year 2024 revenue, earnings and cash flow guidanceINDIANAPOLIS, July 25, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE:ALSN), today reported second quarter net sales of $816 million, a quarterly record driven by all-time high quarterly net sales of $456 million in the North America On-Highway end market. David S. Graziosi, Chair and Chief Executive Officer of Allison Transmission commented, "Unprecedented demand for Class 8 vocational vehicles drove record quarterly revenue in our North America On-Highway end market, propelling second quarter revenue to a
INDIANAPOLIS, July 11, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today announced that it will hold its second quarter 2024 financial results conference call at 5:00 p.m. EDT on Thursday, July 25, 2024. David S. Graziosi, Chair and Chief Executive Officer, and G. Frederick Bohley, Chief Operating Officer, Chief Financial Officer and Treasurer, will review the company's financial performance for the period. The news release announcing the finan
INDIANAPOLIS, May 8, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE:ALSN) today announced that its Board of Directors has declared a cash dividend of $0.25 per share on the Company's common stock for the second quarter of 2024. Payment will be made on May 31, 2024, to stockholders of record at the close of business on May 20, 2024. The payment of any future dividends will be at the discretion of the Board of Directors and will be dependent upon Allison Transmission's financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board of Directors. About Allison TransmissionAllison Transmission (NYSE: ALSN) i
Record net sales of $789 millionDiluted EPS of $1.90, which includes $0.13 impact from $14 Million of Non-Recurring UAW Contract Signing Incentives incurred in the quarterRefinanced Revolving Credit Facility and Term Loan, Paying Down $101 Million of Outstanding DebtINDIANAPOLIS, April 25, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE:ALSN), today reported first quarter net sales of $789 million and first quarter diluted EPS of $1.90, which includes a $0.13 impact from $14 million of non-recurring UAW contract signing incentives incurred in the quarter. David S. Graziosi, Chair and Chief Executive Officer of Allison Transmission commented, "In the first quarter we generated r
INDIANAPOLIS, April 11, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today announced that it will hold its first quarter 2024 financial results conference call at 5:00 p.m. EDT on Thursday, April 25, 2024. David S. Graziosi, Chairman and Chief Executive Officer, and G. Frederick Bohley, Senior Vice President, Chief Financial Officer and Treasurer, will review the company's financial performance for the period. The news release announcing the fin
Allison Transmission Holdings Inc. (NYSE:ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, announced today that its Board of Directors has approved an increase in the Company's quarterly dividend from $0.23 to $0.25 per share on the Company's common stock and has declared a cash dividend of $0.25 per share on the Company's common stock for the first quarter of 2024. Payment will be made on March 15, to stockholders of record at the close of business on March 4. "For the fifth consecutive year, Allison's Board
INDIANAPOLIS, Nov. 6, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN) today announced that its Board of Directors has declared a cash dividend of $0.25 per share on the Company's common stock for the third quarter of 2024. Payment will be made on November 27, 2024, to stockholders of record at the close of business on November 18, 2024. The payment of any future dividends will be at the discretion of the Board of Directors and will be dependent upon Allison Transmission's financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board of Directors. About Allison TransmissionAllison Transmission (NY
Record quarterly net sales of $824 million, up 12% year over yearNet Income of $200 million, up 27% year over yearDiluted EPS of $2.27, a quarterly record, up 29% year over year Increasing full year 2024 revenue, earnings and cash flow guidance INDIANAPOLIS, Oct. 29, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE:ALSN), today reported third quarter net sales of $824 million, a quarterly record driven by continued strength in our North America On-Highway, Defense and Outside North America On-Highway end markets. David S. Graziosi, Chair and Chief Executive Officer of Allison Transmission commented, "Demonstrated through our third quarter 2024 results, unprecedented demand for
The southern state of Tamil Nadu upgrades fleets with hundreds of new buses equipped with Allison fully automatic transmissions. INDIANAPOLIS, Oct. 28, 2024 /PRNewswire/ -- Allison Transmission and Ashok Leyland, the Indian flagship of the Hinduja Group and one of the country's leading commercial vehicle manufacturers, have collaborated to introduce the first low-floor city buses equipped with fully automatic transmissions in India's southern state of Tamil Nadu. Allison Torqmatic® Series transmissions equip the new Ashok Leyland stepless-entry 12-meter diesel buses. The low-floor buses, which are specially designed to accommodate passengers with disabilities, will replace buses equipped wit
200,000 square-foot expansion expected to be completed in 2025, operational in 2026 and ramping to full manufacturing capacity in 2027 INDIANAPOLIS, Oct. 24, 2024 /PRNewswire/ -- Allison Transmission is pleased to announce the expansion of its state-of-the-art manufacturing facility in Chennai, India, to support increasing global demand for Allison fully automatic transmissions. The multi-year, over $100-million investment will double the existing manufacturing footprint of the Chennai facility. The expansion will increase production capacity for Allison's on-highway fully automatic transmission portfolio, enhancing global operational flexibility and capability. Allison continues to invest i
INDIANAPOLIS, Oct. 23, 2024 /PRNewswire/ -- Allison Transmission has made significant strides in the global Defense market, achieving key program wins that will significantly expand Allison's installed base and revenue in the wheeled defense vehicle segment. Allison is experiencing continued growth in this vehicle segment as a result of strategic partnerships with vehicle manufacturers to support defense programs outside North America. The Allison Specialty Series™ (SP) transmission has been selected for several wheeled defense vehicles. The Canadian Department of National Defence recently announced it will receive Mercedes-Benz Zetros four-axle 8x8 vehicles with the Allison 4500 SP automati
Allison Transmission's venture capital arm invests in pioneer software and services company specializing in AI-enabled automation software for agriculture and land maintenance. INDIANAPOLIS, Oct. 22, 2024 /PRNewswire/ -- Allison Ventures, Allison Transmission's venture capital arm, has made a strategic investment in Agtonomy, a software and services company specializing in advanced autonomous and AI solutions for agriculture and industrial applications. With this investment Allison will support Agtonomy in enhancing commercial productivity and operational efficiency through advanced automation and connectivity. Founded in 2021, Agtonomy integrates its technology into well-known tractors and
Collaboration will achieve EPA27 Phase 3 Emissions Standards compliance. INDIANAPOLIS, Oct. 21, 2024 /PRNewswire/ -- Allison Transmission is pleased to announce an uprate to its proven B400 and B3400 xFE fully automatic transmissions, including retarder models. The increased ratings will ensure Allison continues to offer unrivaled total economic value to bus fleets across North America. The uprated transmission models will now support ratings up to 350 horsepower and 1,150 ft. lbs. of torque. This increase in ratings will enable fleets operating non-articulated buses to continue specifying B400 and B3400 transmissions as the industry transitions to the Cummins X10 engine for EPA27 Phase 3 e
INDIANAPOLIS, Oct. 15, 2024 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE:ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today announced that it will hold its third quarter 2024 financial results conference call at 5:00 p.m. EDT on Tuesday, October 29, 2024. David S. Graziosi, Chair & Chief Executive Officer, and G. Frederick Bohley, Chief Operating Officer, Chief Financial Officer & Treasurer, will review the company's financial performance for the period. The news release announcing the financial
Mining industry leaders sign agreement at ride-and-drive event featuring LiuGong's newest Allison-equipped Wide Body Mining Dump Truck. INDIANAPOLIS, Sept. 17, 2024 /PRNewswire/ -- Allison Transmission is pleased to announce a strategic partnership with LiuGong, a top-tier global construction equipment manufacturer, marked by the signing of a Memorandum of Understanding (MOU) in Balikpapan, Indonesia. The signing ceremony was part of a customer ride-and-drive event showcasing LiuGong's latest 70-ton DW105A Wide Body Dump Truck (WBDT) equipped with Allison's innovative 4800 Wide Body Dump Series™ (WBD) transmission.
Allison-equipped Hydrogen Internal Combustion Engine (H2-ICE) truck demonstrates emissions control capable of outperforming upcoming emissions standards in the U.S. and Europe. INDIANAPOLIS, Sept. 12, 2024 /PRNewswire/ -- Allison Transmission is pleased to announce the integration of the Allison 4000 Series™ transmission with a Class 8 truck equipped with a Hydrogen Internal Combustion Engine (H2-ICE) displayed by Southwest Research Institute (SwRI) at SAE International's Commercial Vehicle Engineering Congress (COMVEC) in Schaumburg, Illinois. The H2-ICE vehicle demonstrates emissions control capable of outperforming EPA/CARB 2027 and Euro 7 criteria pollutant emissions standards.
Allison Transmission has formed a new strategic partnership with Lingong Heavy Machinery Co. Ltd. (LGMG), a prominent Chinese mining equipment manufacturer, to provide industry-leading mining vehicles to customers across the globe. As a next step in the companies' long-term partnership, LGMG has integrated Allison 6625 Wide Body Dump Series™ (WBD) transmissions into 136T wide body mining dump trucks, which will be delivered to international customers for hauling overburden and ore in mine sites. Allison's latest collaboration with LGMG marks the first time that the company has integrated an Allison fully automatic transmission into the larger 136T crossover vehicle, which has been fielded fo
New Allison 4040 MX™ cross-drive transmission to equip the CV90 Mk IV infantry fighting vehicle.INDIANAPOLIS, July 17, 2024 /PRNewswire/ -- Allison Transmission has signed a contract with BAE Systems Hägglunds, one of Europe's most successful producers of tracked combat vehicles, to provide the new Allison 4040 MX™ propulsion solution for ongoing CV90 Infantry Fighting Vehicle (IFV) programs with production expected to begin in 2028. The 4040 MX extends Allison's medium weight offering in its cross-drive product portfolio as an uprated variant of the proven 3040 MX™ cross-drive transmission found in the U.S. Army's M10 Booker Combat Vehicle. This latest collaboration represents a continuatio
Market Share Rises From 10% To 50% In Four Years; 10,000th Mighty Truck Delivered To Unchang Logitec, Leading Logistics Company For South Korea's Largest Laundry Service Provider
Raymond James analyst Tim Thein initiates coverage on Allison Transmission (NYSE:ALSN) with a Outperform rating and announces Price Target of $85.
In the latest quarter, 4 analysts provided ratings for Allison Transmission (NYSE:ALSN), showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 0 1 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 1 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $77.0, a high estimate of $87.00, and a low estimate of $63.00. Witnessing a positive shift, the current average has risen b
Citigroup analyst Kyle Menges initiates coverage on Allison Transmission (NYSE:ALSN) with a Neutral rating and announces Price Target of $80.
Allison Transmission Holdings, Inc. (NYSE: ALSN), a global leader in commercial-duty automatic transmissions, electric and hybrid propulsion solutions, is pleased to announce the appointment of G. Frederick (Fred) Bohley III as the new Chief Operating Officer (COO), effective immediately. This appointment was approved by Allison's Board of Directors.
Allison Ventures, Allison Transmission's venture capital arm, is pleased to announce it has committed to a $10 million investment in EnerTech Capital, a venture capital firm focused on the development of emerging technologies and business models in the mobility space.Through this partnership, Allison will gain access to EnerTech's large network of high-tech companies that are advancing automotive technologies in the electrification, connectivity, autonomy and digitization sectors.
INDIANAPOLIS, June 4, 2024 /PRNewswire/ -- Allison Transmission Holdings, Inc. (NYSE: ALSN), a global leader in commercial-duty automatic transmissions, electric and hybrid propulsion solutions, is pleased to announce the appointment of G. Frederick (Fred) Bohley III as the new Chief Operating Officer (COO), effective immediately. This appointment was approved by Allison's Board of Directors. Fred Bohley, who has been with Allison Transmission since 1991, will continue to hold his current roles as Chief Financial Officer (CFO) and Treasurer while taking on his new responsibili
Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, is pleased to announce that as of Oct. 17, Jackie Bolles has assumed a new role as Executive Director, Treasury and Investor Relations at the company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221018006027/en/Jackie Bolles, Executive Director, Treasury and Investor Relations, Allison Transmission (Photo: Business Wire) In her new role, Bolles will lead Allison's investor relations program and serve as a corporate spokesperson within the investment community, managing relationships with s
INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission Holdings Inc. (NYSE: ALSN) announced today that Lawrence E. Dewey has notified the company's board of directors of his decision to not stand for re-election at the company's 2021 annual meeting of stockholders. Dewey joined the board in October 2007 as Allison Transmission’s President, CEO and Chairman following the purchase of the Allison business by The Carlyle Group and Onex Corporation. “I’m honored to have served on Allison's board of directors from its inception nearly 14 years ago. We as the board of directors have successfully executed the transition plan for the role of Allison Transmission CEO in 2018 and now the role
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