In addition to the sales, Graziosi exercised stock options, acquiring 13,313 shares at a price of $47.35 per share, valued at about $630,370. Following these transactions, Graziosi's direct ownership stands at 168,833 shares. InvestingPro analysis shows ALSN trading at a P/E ratio of 14x with a GREAT financial health score, maintaining dividend payments for 13 consecutive years. For deeper insights into insider trading patterns and 12+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro. InvestingPro analysis shows ALSN trading at a P/E ratio of 14x with a GREAT financial health score, maintaining dividend payments for 13 consecutive years. For deeper insights into insider trading patterns and 12+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In addition to the sales, Graziosi exercised stock options, acquiring 13,313 shares at a price of $47.35 per share, valued at about $630,370. Following these transactions, Graziosi's direct ownership stands at 168,833 shares.
In other recent news, Allison Transmission Holdings (NYSE:ALSN) Inc. reported a substantial increase in net sales and income for the third quarter of 2024. The company announced record net sales of $824 million, a 12% rise from the same period in the previous year, and net income reaching $200 million, up by 27% from Q3 2023. Diluted earnings per share also set a new record at $2.27.
In addition to impressive financial results, Allison Transmission has set a quarterly cash dividend of $0.25 per share, with future dividends subject to the Board of Directors' discretion. The company also raised its full-year revenue guidance to between $3,135 million and $3,215 million, reflecting optimism in its strategic partnerships and investments, particularly in the defense sector and the Indian market.
Recent developments include plans to invest over $100 million to expand its Chennai, India facility and strategic partnerships with Lugan and Ashok Leyland (NS:ASOK). These moves, along with a projected $400 million growth opportunity in the defense sector, indicate a positive trajectory for Allison Transmission. Despite potential challenges in labor and supply chain, the company maintains a focus on Class 8 vocational vehicle market leadership and expanding its presence in the defense sector.
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