Somnigroup International Inc. $SGI Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Grows Position

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Somnigroup International Inc. (NYSE:SGI – Free Report) by 262.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,506 shares of the company’s stock after buying an additional 57,556 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Somnigroup International were worth $4,938,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP acquired a new position in Somnigroup International in the 2nd quarter valued at $31,000. Mather Group LLC. lifted its stake in shares of Somnigroup International by 168.8% in the 3rd quarter. Mather Group LLC. now owns 414 shares of the company’s stock worth $26,000 after acquiring an additional 260 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Somnigroup International by 11,900.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 480 shares of the company’s stock worth $30,000 after acquiring an additional 476 shares during the period. Danske Bank A S acquired a new stake in shares of Somnigroup International in the 2nd quarter worth $39,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Somnigroup International in the second quarter valued at about $45,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Up 0.0%

Shares of NYSE:SGI opened at $63.57 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. Somnigroup International Inc. has a 52-week low of $60.08 and a 52-week high of $98.56. The stock’s fifty day simple moving average is $64.15 and its 200-day simple moving average is $73.88. The company has a market capitalization of $13.37 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.04 and a beta of 1.30.

Somnigroup International (NYSE:SGI – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $1.82 billion during the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities research analysts forecast that Somnigroup International Inc. will post 3.10 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Somnigroup International’s payout ratio is presently 27.20%.

Insider Transactions at Somnigroup International

In other Somnigroup International news, CEO Scott Thompson acquired 30,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was bought at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the transaction, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at approximately $259,129,160.56. The trade was a 0.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SGI shares. Wall Street Zen upgraded shares of Somnigroup International from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Morgan Stanley started coverage on Somnigroup International in a research note on Monday, July 27th. They set an “overweight” rating and a $95.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Truist Financial decreased their price target on Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $100.00 price objective (up from $95.00) on shares of Somnigroup International in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $95.00.

Read Our Latest Report on SGI

Somnigroup International Company Profile

(Free Report)

Somnigroup International Inc (NYSE: SGI) is a global bedding and sleep-products company. Its portfolio includes mattresses, pillows, adjustable bases, foundations, bed frames and other sleep-related products sold through retail stores, e-commerce channels and furniture and specialty retailers.

The company’s principal brands include Tempur-Pedic, Sealy and Stearns & Foster. Somnigroup also operates Mattress Firm, a large specialty mattress retailer in the United States, providing consumers with access to a broad range of bedding products from its own brands and other manufacturers.

Somnigroup International was formerly known as Tempur Sealy International.

See Also

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

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