Natixis Advisors LLC Buys 50,275 Shares of Somnigroup International Inc. $SGI

Natixis Advisors LLC increased its stake in shares of Somnigroup International Inc. (NYSE:SGIFree Report) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 459,163 shares of the company’s stock after acquiring an additional 50,275 shares during the quarter. Natixis Advisors LLC owned about 0.22% of Somnigroup International worth $40,994,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AXQ Capital LP bought a new position in Somnigroup International during the fourth quarter worth $982,000. Ellevest Inc. increased its position in Somnigroup International by 8.8% during the fourth quarter. Ellevest Inc. now owns 3,003 shares of the company’s stock worth $268,000 after acquiring an additional 242 shares during the period. Core Wealth Advisors LLC bought a new position in Somnigroup International during the fourth quarter worth $30,000. Norges Bank bought a new position in Somnigroup International during the fourth quarter worth $270,814,000. Finally, Acorn Wealth Advisors LLC increased its position in Somnigroup International by 22.9% during the fourth quarter. Acorn Wealth Advisors LLC now owns 3,029 shares of the company’s stock worth $270,000 after acquiring an additional 564 shares during the period. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Performance

SGI opened at $67.43 on Thursday. The stock has a 50-day moving average price of $73.01. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 1.25 and a beta of 1.21.

Somnigroup International (NYSE:SGIGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $1.80 billion for the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, sell-side analysts anticipate that Somnigroup International Inc. will post 3.2 EPS for the current fiscal year.

Somnigroup International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a $0.17 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.68 annualized dividend and a yield of 1.0%. Somnigroup International’s payout ratio is presently 27.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Bank of America dropped their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Truist Financial boosted their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Stephens reissued an “equal weight” rating and issued a $89.00 price target on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and lowered their price target for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.60.

View Our Latest Analysis on SGI

Somnigroup International Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Somnigroup International (NYSE:SGI)

Receive News & Ratings for Somnigroup International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Somnigroup International and related companies with MarketBeat.com's FREE daily email newsletter.