Acuity Brands Director Robert Mccullough Sells 1,815 Shares (AYI)
Acuity Brands (NYSE:AYI) Director Robert Mccullough sold 1,815 shares of Acuity Brands stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $103.07, for a total transaction of $187,072.05. Following the completion of the transaction, the director now directly owns 2,391 shares in the company, valued at approximately $246,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Acuity Brands (NYSE:AYI) traded down 0.42% during mid-day trading on Tuesday, hitting $102.31. The stock had a trading volume of 64,468 shares. Acuity Brands has a 52 week low of $57.42 and a 52 week high of $92.98. The stock has a 50-day moving average of $87.1 and a 200-day moving average of $78.20. The company has a market cap of $4.338 billion and a price-to-earnings ratio of 34.83.
Acuity Brands (NYSE:AYI) last announced its earnings results on Tuesday, October 1st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.01. The company had revenue of $579.80 million for the quarter, compared to the consensus estimate of $569.33 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts expect that Acuity Brands will post $3.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 1st. Shareholders of record on Friday, October 18th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 16th.
Several analysts have recently commented on the stock. Analysts at Sterne Agee upgraded shares of Acuity Brands from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, October 4th. They now have a $62.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Acuity Brands from $41.00 to $57.00 in a research note to investors on Thursday, October 3rd. They now have an “underperform” rating on the stock. Finally, analysts at DA Davidson reiterated a “neutral” rating on shares of Acuity Brands in a research note to investors on Wednesday, October 2nd. They now have a $100.00 price target on the stock, up previously from $85.00. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $79.83.
Acuity Brands, Inc (NYSE:AYI), incorporated on September 20, 2007, is the parent company of Acuity Brands Lighting, Inc (ABL), and other subsidiaries.
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