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

Other institutional investors and hedge funds have also recently modified their holdings of the company. City Holding Co. purchased a new position in Lennox International during the first quarter valued at approximately $35,000. Sentry Investment Management LLC purchased a new position in Lennox International during the first quarter valued at approximately $43,000. Inlight Wealth Management LLC purchased a new position in Lennox International during the first quarter valued at approximately $114,000. MassMutual Private Wealth & Trust FSB raised its position in Lennox International by 23.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 421 shares of the construction company's stock valued at $236,000 after acquiring an additional 80 shares in the last quarter. Finally, Horizon Investments LLC purchased a new position in Lennox International during the first quarter valued at approximately $257,000. Institutional investors and hedge funds own 67.07% of the company's stock.

Insider Activity

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

Analysts Set New Price Targets

Several brokerages recently weighed in on LII. Robert W. Baird lifted their price target on Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. The Goldman Sachs Group lifted their price target on Lennox International from $619.00 to $691.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Oppenheimer boosted their price objective on Lennox International from $650.00 to $730.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. UBS Group boosted their price objective on Lennox International from $570.00 to $676.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, Barclays cut their price objective on Lennox International from $753.00 to $730.00 and set an "overweight" rating for the company in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $633.42.

Lennox International Trading Up 0.4%

NYSE LII traded up $2.17 on Wednesday, reaching $552.57. 40,535 shares of the company were exchanged, compared to its average volume of 400,788. The business's fifty day moving average price is $592.82 and its 200 day moving average price is $575.08. The stock has a market capitalization of $19.41 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11. The company has a current ratio of 1.41, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93. Lennox International, Inc. has a fifty-two week low of $500.10 and a fifty-two week high of $689.44.

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

Lennox International declared that its board has approved a share repurchase plan on Thursday, May 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Lennox International Company Profile

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.