Beacon Pointe Advisors LLC Buys New Stake in Lennox International, Inc. $LII

Beacon Pointe Advisors LLC bought a new stake in shares of Lennox International, Inc. (NYSE:LII - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 417,517 shares of the construction company's stock, valued at approximately $239,217,000. Lennox International comprises about 1.1% of Beacon Pointe Advisors LLC's holdings, making the stock its 14th biggest position. Beacon Pointe Advisors LLC owned about 1.21% of Lennox International at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Root Financial Partners LLC boosted its stake in shares of Lennox International by 137.9% during the 1st quarter. Root Financial Partners LLC now owns 69 shares of the construction company's stock worth $32,000 after purchasing an additional 40 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Lennox International in the 2nd quarter valued at $37,000. Huntington National Bank raised its holdings in Lennox International by 51.8% in the 4th quarter. Huntington National Bank now owns 85 shares of the construction company's stock valued at $41,000 after acquiring an additional 29 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Lennox International during the 2nd quarter worth $50,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Lennox International during the 2nd quarter worth $54,000. Hedge funds and other institutional investors own 67.07% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Weiss Ratings downgraded Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada reduced their target price on Lennox International from $579.00 to $469.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 30th. William Blair restated an "outperform" rating on shares of Lennox International in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group dropped their price objective on shares of Lennox International from $625.00 to $547.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Lennox International has a consensus rating of "Hold" and a consensus price target of $546.58.

Lennox International Trading Up 0.6%

Shares of LII opened at $393.39 on Friday. Lennox International, Inc. has a one year low of $387.45 and a one year high of $587.27. The stock has a 50-day moving average price of $489.88 and a 200 day moving average price of $501.79. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.57. The company has a market capitalization of $13.60 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.54 and a beta of 1.19.

Lennox International (NYSE:LII - Get Free Report) last announced its earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.67 by $0.05. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.Lennox International's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $7.82 EPS. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Sell-side analysts forecast that Lennox International, Inc. will post 23.69 EPS for the current fiscal year.

Lennox International Company Profile

Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.

Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.

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