Twin Capital Management Inc. Acquires Shares of 2,787 Acuity, Inc. $AYI

Twin Capital Management Inc. bought a new stake in Acuity, Inc. (NYSE:AYI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,787 shares of the electronics maker’s stock, valued at approximately $781,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in Acuity in the fourth quarter worth about $25,000. Entrust Financial LLC acquired a new position in Acuity in the fourth quarter valued at approximately $27,000. Miller Capital Partners Inc. bought a new position in Acuity in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Acuity during the 4th quarter worth $36,000. Finally, Torren Management LLC bought a new stake in shares of Acuity during the 4th quarter valued at $39,000. Institutional investors own 98.21% of the company’s stock.

Acuity Stock Performance

Shares of Acuity stock opened at $340.02 on Friday. The company has a market capitalization of $10.18 billion, a PE ratio of 22.55, a PEG ratio of 1.83 and a beta of 1.27. Acuity, Inc. has a 12 month low of $257.04 and a 12 month high of $380.17. The company has a current ratio of 2.05, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $313.45 and its 200 day simple moving average is $305.66.

Acuity (NYSE:AYI) last posted its earnings results on Thursday, June 25th. The electronics maker reported $5.31 earnings per share 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 firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $5.12 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, research analysts predict that Acuity, Inc. will post 18.28 EPS for the current year.

Acuity Dividend Announcement

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

Insider Activity

In other Acuity news, Director Maya Leibman bought 200 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $288.83 per share, with a total value of $57,766.00. Following the purchase, the director owned 400 shares in the company, valued at $115,532. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AYI shares. Morgan Stanley lifted their price objective on Acuity from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group increased 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. TD Cowen restated a “buy” rating on shares of Acuity in a report on Thursday, June 25th. Wall Street Zen upgraded Acuity from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Finally, Oppenheimer set a $465.00 price objective on shares of Acuity in a research note on Friday, June 26th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $397.17.

About Acuity

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.