Stephens Reiterates “Overweight” Rating for Lennox International (NYSE:LII)

Lennox International (NYSE:LII)‘s stock had its “overweight” rating restated by Stephens in a report released on Thursday, Benzinga reports. They currently have a $550.00 price target on the construction company’s stock. Stephens’ target price points to a potential upside of 16.04% from the stock’s current price.

Other research analysts have also issued reports about the company. Wells Fargo & Company cut their price target on Lennox International from $545.00 to $520.00 and set an “overweight” rating for the company in a report on Thursday. KeyCorp upped their target price on Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Barclays upped their target price on Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. TD Cowen upped their target price on Lennox International from $450.00 to $505.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, StockNews.com lowered Lennox International from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $482.31.

Lennox International Stock Performance

Lennox International stock traded up $6.11 during trading hours on Thursday, reaching $473.96. 230,016 shares of the company were exchanged, compared to its average volume of 269,512. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.34 and a beta of 1.02. The company has a current ratio of 1.41, a quick ratio of 0.72 and a debt-to-equity ratio of 4.01. The stock has a 50-day moving average of $471.32 and a 200 day moving average of $434.59. Lennox International has a 12 month low of $256.74 and a 12 month high of $501.72.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.17 by $0.30. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. As a group, research analysts anticipate that Lennox International will post 19.74 earnings per share for the current year.

Insider Transactions at Lennox International

In other news, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares in the company, valued at $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Joseph William Reitmeier sold 1,930 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the transaction, the executive vice president now owns 24,533 shares in the company, valued at $11,566,818.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the transaction, the executive vice president now owns 20,465 shares in the company, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. Company insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Several hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Lennox International by 9.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock valued at $35,745,000 after buying an additional 6,041 shares during the period. Russell Investments Group Ltd. lifted its stake in Lennox International by 33.6% in the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock valued at $19,711,000 after buying an additional 11,077 shares during the period. Forsta AP Fonden lifted its stake in Lennox International by 11.8% in the third quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock valued at $8,500,000 after buying an additional 2,400 shares during the period. iA Global Asset Management Inc. acquired a new position in Lennox International in the third quarter valued at about $8,067,000. Finally, BNP Paribas Financial Markets lifted its stake in Lennox International by 87.6% in the fourth quarter. BNP Paribas Financial Markets now owns 18,075 shares of the construction company’s stock valued at $8,089,000 after buying an additional 8,441 shares during the period. Institutional investors and hedge funds own 67.07% of the company’s stock.

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.