Q1 EPS Estimates for Acuity Brands Lifted by William Blair

Acuity Brands, Inc. (NYSE:AYI) – Equities research analysts at William Blair increased their Q1 2025 EPS estimates for shares of Acuity Brands in a report released on Thursday, January 2nd. William Blair analyst R. Merkel now forecasts that the electronics maker will post earnings of $3.63 per share for the quarter, up from their previous estimate of $3.50. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Acuity Brands’ current full-year earnings is $15.51 per share.

AYI has been the topic of several other research reports. Oppenheimer lifted their price target on shares of Acuity Brands from $315.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. StockNews.com raised shares of Acuity Brands from a “buy” rating to a “strong-buy” rating in a research report on Thursday. The Goldman Sachs Group lifted their price target on shares of Acuity Brands from $266.00 to $303.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Robert W. Baird boosted their target price on Acuity Brands from $280.00 to $318.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company boosted their target price on Acuity Brands from $289.00 to $305.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Acuity Brands presently has a consensus rating of “Moderate Buy” and an average target price of $324.00.

Acuity Brands Stock Up 1.0 %

AYI stock opened at $301.60 on Monday. The firm has a market cap of $9.31 billion, a PE ratio of 22.44, a PEG ratio of 2.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.16 and a current ratio of 2.72. The firm’s 50 day moving average price is $314.73 and its 200-day moving average price is $278.57. Acuity Brands has a one year low of $201.88 and a one year high of $337.99.

Hedge Funds Weigh In On Acuity Brands

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of Acuity Brands by 8.3% in the fourth quarter. GAMMA Investing LLC now owns 770 shares of the electronics maker’s stock worth $225,000 after acquiring an additional 59 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Acuity Brands by 16.3% during the fourth quarter. Versant Capital Management Inc now owns 293 shares of the electronics maker’s stock worth $86,000 after purchasing an additional 41 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Acuity Brands during the third quarter worth $3,849,000. Franklin Resources Inc. grew its stake in shares of Acuity Brands by 24.7% during the third quarter. Franklin Resources Inc. now owns 95,551 shares of the electronics maker’s stock worth $26,314,000 after purchasing an additional 18,919 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Acuity Brands during the third quarter worth $83,000. Institutional investors and hedge funds own 98.21% of the company’s stock.

Insider Buying and Selling at Acuity Brands

In other Acuity Brands news, SVP Barry R. Goldman sold 5,120 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $305.00, for a total value of $1,561,600.00. Following the completion of the transaction, the senior vice president now owns 8,438 shares in the company, valued at $2,573,590. The trade was a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.80% of the stock is owned by corporate insiders.

About Acuity Brands

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.