Somnigroup International Inc. $SGI Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. lowered its stake in shares of Somnigroup International Inc. (NYSE:SGIFree Report) by 42.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,648 shares of the company’s stock after selling 9,442 shares during the quarter. Benjamin Edwards Inc.’s holdings in Somnigroup International were worth $992,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SGI. Core Wealth Advisors LLC purchased a new stake in Somnigroup International during the 4th quarter valued at approximately $30,000. Allworth Financial LP acquired a new stake in Somnigroup International during the 2nd quarter worth approximately $31,000. Elyxium Wealth LLC purchased a new position in shares of Somnigroup International in the 4th quarter valued at approximately $35,000. Danske Bank A S purchased a new position in shares of Somnigroup International in the 2nd quarter valued at approximately $39,000. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Somnigroup International in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Stock Performance

NYSE SGI opened at $63.65 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average is $69.90 and its two-hundred day moving average is $74.01. Somnigroup International Inc. has a 12-month low of $60.39 and a 12-month high of $98.56. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.45 and a beta of 1.19.

Somnigroup International (NYSE:SGIGet Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $1.82 billion during the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the company posted $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Research analysts expect that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International’s dividend payout ratio is currently 27.20%.

Insider Transactions at Somnigroup International

In other Somnigroup International news, CEO Scott L. Thompson acquired 30,000 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was purchased at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the transaction, the chief executive officer owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. The trade was a 0.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SGI. Zacks Research cut Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a research report on Friday, August 21st. Truist Financial dropped their price objective on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Wall Street Zen downgraded shares of Somnigroup International from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Zelman & Associates assumed coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 target price for the company. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $94.50.

Check Out Our Latest Report on Somnigroup International

About Somnigroup International

(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.

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

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