United Services Automobile Association Purchases Shares of 742 Lennox International, Inc. $LII

Key Points

• United Services Automobile Association has acquired 742 shares of Lennox International, Inc. valued at approximately $410,000 in the first quarter.
• Several institutional investors significantly increased their stakes in Lennox International, with GAMMA Investing LLC boosting its stake by 69,429.8% to over 356,688 shares.
• Lennox International recently reported $7.82 earnings per share for the quarter, surpassing analyst estimates and showing a 3.4% year-over-year revenue increase.

United Services Automobile Association bought a new stake in Lennox International, Inc. (NYSE:LII - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 742 shares of the construction company's stock, valued at approximately $410,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LII. Lazard Asset Management LLC lifted its position in shares of Lennox International by 70,811.1% in the fourth quarter. Lazard Asset Management LLC now owns 6,382 shares of the construction company's stock worth $3,888,000 after buying an additional 6,373 shares during the last quarter. Mufg Securities Americas Inc. acquired a new stake in shares of Lennox International in the fourth quarter worth about $288,000. California State Teachers Retirement System lifted its position in shares of Lennox International by 4.8% in the fourth quarter. California State Teachers Retirement System now owns 46,361 shares of the construction company's stock worth $28,248,000 after buying an additional 2,133 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Lennox International by 23.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 421 shares of the construction company's stock worth $236,000 after buying an additional 80 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Lennox International by 69,429.8% in the first quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock worth $200,041,000 after buying an additional 356,175 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company's stock.

Lennox International Price Performance

LII stock traded down $22.73 during midday trading on Friday, reaching $544.55. 463,657 shares of the company's stock traded hands, compared to its average volume of 388,580. The company has a 50-day simple moving average of $594.48 and a two-hundred day simple moving average of $575.79. Lennox International, Inc. has a 1-year low of $500.10 and a 1-year high of $689.44. The company has a market cap of $19.12 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 1.75 and a beta of 1.11. The company has a quick ratio of 0.71, a current ratio of 1.41 and a debt-to-equity ratio of 0.93.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $7.82 EPS for the quarter, beating analysts' consensus estimates of $6.90 by $0.92. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a return on equity of 99.81% and a net margin of 15.41%.The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $6.83 EPS. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. On average, analysts anticipate that Lennox International, Inc. will post 22.94 earnings per share for the current year.

Lennox International declared that its board has initiated a stock buyback program on Thursday, May 22nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

LII has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on Lennox International from $600.00 to $668.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Oppenheimer upped their price target on Lennox International from $650.00 to $730.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. The Goldman Sachs Group upped their price target on Lennox International from $619.00 to $691.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. UBS Group upped their price target on Lennox International from $570.00 to $676.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Barclays upped their price target on Lennox International from $696.00 to $753.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Lennox International presently has an average rating of "Hold" and a consensus target price of $635.33.

Insider Buying and Selling at Lennox International

In other news, EVP Daniel M. Sessa sold 2,782 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $670.04, for a total value of $1,864,051.28. Following the transaction, the executive vice president directly owned 31,574 shares in the company, valued at $21,155,842.96. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Chris Kosel sold 300 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $591.86, for a total value of $177,558.00. Following the completion of the transaction, the chief accounting officer owned 1,282 shares in the company, valued at $758,764.52. This represents a 18.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.40% of the stock is owned by company insiders.

About Lennox International

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.