Capstone Investment Advisors LLC acquired a new stake in Lennox International, Inc. (NYSE:LII – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 5,220 shares of the construction company’s stock, valued at approximately $2,991,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. California State Teachers Retirement System grew its position in Lennox International by 6.1% during the second quarter. California State Teachers Retirement System now owns 48,533 shares of the construction company’s stock worth $27,821,000 after buying an additional 2,785 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Lennox International by 296.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company’s stock worth $41,168,000 after purchasing an additional 53,679 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Lennox International by 111.1% in the second quarter. Lazard Asset Management LLC now owns 18,659 shares of the construction company’s stock worth $10,696,000 after purchasing an additional 9,818 shares during the period. State of Tennessee Department of Treasury raised its stake in Lennox International by 75.2% in the second quarter. State of Tennessee Department of Treasury now owns 7,082 shares of the construction company’s stock valued at $4,060,000 after purchasing an additional 3,039 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Lennox International during the second quarter worth about $54,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Vertical Research upgraded shares of Lennox International from a “hold” rating to a “buy” rating and set a $600.00 price objective on the stock in a research note on Thursday, April 30th. Royal Bank Of Canada cut their price target on shares of Lennox International from $579.00 to $469.00 and set a “sector perform” rating for the company in a report on Thursday, July 30th. Wells Fargo & Company lifted their price objective on shares of Lennox International from $480.00 to $555.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. The Goldman Sachs Group lowered 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 report on Friday, July 31st. Finally, Barclays reduced their target price on Lennox International from $600.00 to $597.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $546.58.
Lennox International Stock Down 0.5%
Shares of LII opened at $391.81 on Friday. 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 stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.55 and a beta of 1.19. Lennox International, Inc. has a 52 week low of $387.45 and a 52 week high of $587.27. The stock has a fifty day moving average of $492.67 and a 200-day moving average of $502.56.
Lennox International (NYSE:LII – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share for the quarter, topping the consensus estimate of $7.67 by $0.05. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the business posted $7.82 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, sell-side analysts anticipate that Lennox International, Inc. will post 23.69 earnings per share 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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