Acuity, Inc. $AYI Shares Purchased by Hedeker Wealth LLC

Hedeker Wealth LLC lifted its holdings in shares of Acuity, Inc. (NYSE:AYI) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,928 shares of the electronics maker’s stock after acquiring an additional 500 shares during the quarter. Acuity accounts for about 1.4% of Hedeker Wealth LLC’s investment portfolio, making the stock its 24th biggest position. Hedeker Wealth LLC owned approximately 0.07% of Acuity worth $5,945,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AYI. Intech Investment Management LLC boosted its stake in shares of Acuity by 17.9% during the 2nd quarter. Intech Investment Management LLC now owns 33,636 shares of the electronics maker’s stock valued at $10,035,000 after buying an additional 5,103 shares during the last quarter. Creative Planning grew its holdings in Acuity by 3.8% during the 2nd quarter. Creative Planning now owns 4,721 shares of the electronics maker’s stock worth $1,409,000 after acquiring an additional 171 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Acuity by 22.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,772 shares of the electronics maker’s stock worth $529,000 after purchasing an additional 319 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Acuity by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,863 shares of the electronics maker’s stock valued at $2,346,000 after purchasing an additional 534 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its position in shares of Acuity by 49.9% during the second quarter. Impax Asset Management Group plc now owns 5,484 shares of the electronics maker’s stock worth $1,636,000 after purchasing an additional 1,826 shares during the last quarter. Hedge funds and other institutional investors own 98.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research raised Acuity from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Wells Fargo & Company upped their price target on Acuity from $380.00 to $405.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Robert W. Baird lifted their price target on shares of Acuity from $335.00 to $360.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Wall Street Zen raised Acuity from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, The Goldman Sachs Group increased their price objective on Acuity from $312.00 to $356.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Acuity currently has a consensus rating of “Moderate Buy” and an average price target of $395.17.

Insider Buying and Selling

In other Acuity news, SVP Barry R. Goldman sold 4,489 shares of Acuity stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $365.11, for a total transaction of $1,638,978.79. Following the transaction, the senior vice president owned 6,056 shares of the company’s stock, valued at $2,211,106.16. The trade was a 42.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

Acuity Price Performance

NYSE AYI opened at $350.65 on Friday. The business’s fifty day moving average is $352.75 and its two-hundred day moving average is $312.74. The stock has a market capitalization of $10.73 billion, a P/E ratio of 27.99, a P/E/G ratio of 1.94 and a beta of 1.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.95. Acuity, Inc. has a 1 year low of $216.81 and a 1 year high of $375.67.

Acuity (NYSE:AYI) last released its quarterly earnings results on Wednesday, October 1st. The electronics maker reported $5.20 earnings per share for the quarter, beating analysts’ consensus estimates of $4.84 by $0.36. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. Acuity had a return on equity of 20.81% and a net margin of 9.13%.Acuity’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the company posted $4.30 EPS. Acuity has set its FY 2026 guidance at 19.000-20.500 EPS. On average, research analysts forecast that Acuity, Inc. will post 15.86 earnings per share for the current fiscal year.

Acuity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 17th were issued a $0.17 dividend. The ex-dividend date was Friday, October 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. Acuity’s dividend payout ratio is presently 5.43%.

Acuity Company Profile

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.