Horizon Investments LLC Makes New $257,000 Investment in Lennox International, Inc. $LII

Key Points

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Horizon Investments LLC purchased a new position in shares of Lennox International, Inc. (NYSE:LII - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 459 shares of the construction company's stock, valued at approximately $257,000.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Lennox International by 69,429.8% during the 1st quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock valued at $200,041,000 after acquiring an additional 356,175 shares during the period. Captrust Financial Advisors raised its position in Lennox International by 500.0% in the 4th quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock valued at $57,326,000 after purchasing an additional 78,406 shares in the last quarter. Russell Investments Group Ltd. raised its position in Lennox International by 118.3% in the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock valued at $51,932,000 after purchasing an additional 50,188 shares in the last quarter. Achmea Investment Management B.V. raised its position in Lennox International by 22.4% in the 1st quarter. Achmea Investment Management B.V. now owns 91,338 shares of the construction company's stock valued at $51,225,000 after purchasing an additional 16,711 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Lennox International by 227.4% in the 4th quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company's stock valued at $46,398,000 after purchasing an additional 52,888 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company's stock.

Lennox International Stock Performance

Shares of LII stock traded up $20.5380 during trading hours on Friday, hitting $591.1780. The stock had a trading volume of 435,601 shares, compared to its average volume of 404,388. The firm has a market capitalization of $20.76 billion, a PE ratio of 25.27, a PEG ratio of 1.89 and a beta of 1.10. Lennox International, Inc. has a twelve month low of $500.10 and a twelve month high of $689.44. The stock's 50 day moving average is $595.87 and its 200 day moving average is $581.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.41 and a quick ratio of 0.71.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $7.82 earnings per share for the quarter, beating 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 business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company earned $6.83 earnings per share. The company's revenue was up 3.4% compared to the same quarter last year. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. As a group, research analysts forecast that Lennox International, Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International announced that its board has approved a share buyback program on Thursday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Lennox International

In related news, EVP Daniel M. Sessa sold 2,782 shares of Lennox International stock in a transaction that occurred 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 sale, the executive vice president directly owned 31,574 shares in the company, valued at $21,155,842.96. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LII. Robert W. Baird increased 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. JPMorgan Chase & Co. raised their target price on Lennox International from $455.00 to $549.00 and gave the stock an "underweight" rating in a research report on Friday, May 16th. Oppenheimer raised their target price on Lennox International from $650.00 to $730.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Morgan Stanley cut their target price on Lennox International from $585.00 to $450.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group raised their target price on Lennox International from $570.00 to $676.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Lennox International currently has an average rating of "Hold" and a consensus target price of $635.33.

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.