Lisanti Capital Growth LLC boosted its stake in shares of Somnigroup International Inc. (NYSE:SGI – Free Report) by 65.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,785 shares of the company’s stock after buying an additional 9,845 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Somnigroup International were worth $2,213,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brown Miller Wealth Management LLC lifted its holdings in shares of Somnigroup International by 2.4% in the 4th quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock worth $430,000 after acquiring an additional 113 shares during the last quarter. HB Wealth Management LLC increased its holdings in Somnigroup International by 1.0% in the 4th quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock valued at $1,061,000 after purchasing an additional 115 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Somnigroup International by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock valued at $260,000 after purchasing an additional 141 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Somnigroup International by 1.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock valued at $975,000 after purchasing an additional 142 shares during the period. Finally, Fifth Third Bancorp raised its position in Somnigroup International by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock valued at $176,000 after purchasing an additional 148 shares during the period. 99.86% of the stock is owned by hedge funds and other institutional investors.
Somnigroup International Trading Down 0.5%
Somnigroup International stock opened at $66.95 on Friday. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The stock’s fifty day moving average is $74.06. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 1.23 and a beta of 1.25.
Somnigroup International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, May 21st. Somnigroup International’s dividend payout ratio (DPR) is presently 27.76%.
Analyst Ratings Changes
Several research analysts have recently commented on SGI shares. Bank of America lowered their price target on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and decreased their target price for the stock from $90.00 to $88.00 in a research note on Thursday, March 26th. Weiss Ratings upgraded Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Truist Financial boosted their price target on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Stephens reissued an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a research report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Somnigroup International currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.60.
Check Out Our Latest Stock Report on SGI
Somnigroup International Company Profile
Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.
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