Twin Capital Management Inc. Acquires New Stake in Acuity, Inc. $AYI

Twin Capital Management Inc. bought a new position in Acuity, Inc. (NYSE:AYI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,787 shares of the electronics maker’s stock, valued at approximately $781,000.

A number of other large investors have also recently added to or reduced their stakes in AYI. Elyxium Wealth LLC acquired a new stake in shares of Acuity in the 4th quarter valued at about $25,000. Entrust Financial LLC acquired a new position in shares of Acuity during the fourth quarter worth about $27,000. Miller Capital Partners Inc. acquired a new position in shares of Acuity during the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Acuity during the fourth quarter worth about $36,000. Finally, Torren Management LLC bought a new position in shares of Acuity during the fourth quarter worth about $39,000. Institutional investors own 98.21% of the company’s stock.

Analyst Ratings Changes

AYI has been the topic of several research reports. The Goldman Sachs Group boosted their target price on Acuity from $295.00 to $358.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of Acuity from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Robert W. Baird lifted their price objective on shares of Acuity from $315.00 to $390.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Morgan Stanley boosted their price objective on shares of Acuity from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Finally, TD Cowen restated a “buy” rating on shares of Acuity in a report on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Acuity has a consensus rating of “Moderate Buy” and an average price target of $397.17.

Insider Activity

In related news, Director Maya Leibman acquired 200 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $288.83 per share, with a total value of $57,766.00. Following the acquisition, the director owned 400 shares in the company, valued at $115,532. This represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by corporate insiders.

Acuity Price Performance

NYSE:AYI opened at $340.02 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 2.05. The stock’s 50-day simple moving average is $313.45 and its 200 day simple moving average is $305.66. The company has a market cap of $10.18 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.83 and a beta of 1.27. Acuity, Inc. has a 52-week low of $257.04 and a 52-week high of $380.17.

Acuity (NYSE:AYI) last released its earnings results on Thursday, June 25th. The electronics maker reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.17 by $0.14. Acuity had a return on equity of 20.26% and a net margin of 10.25%.The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company posted $5.12 earnings per share. Acuity’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that Acuity, Inc. will post 18.28 EPS for the current fiscal year.

Acuity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 17th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, July 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. Acuity’s dividend payout ratio is currently 5.31%.

Acuity Profile

Acuity Brands, Inc (NYSE: AYI) is a leading provider of lighting fixtures, controls and building management solutions designed for commercial, institutional, industrial and residential markets. The company’s core offerings include a broad range of LED luminaires, lighting controls, sensors and networked building systems that enhance energy efficiency, occupant comfort and operational productivity. Acuity Brands’ portfolio spans indoor and outdoor lighting fixtures, emergency lighting, task lighting and architectural products, as well as advanced controls such as daylight harvesting, occupancy sensing and wireless sensor networks.

Beyond traditional lighting, Acuity Brands delivers integrated digital solutions through its Connected Building platform, which combines smart sensors, cloud-based analytics and mobile applications to enable real-time monitoring and remote management of lighting and environmental systems.