Linonia Partnership LP acquired a new stake in Somnigroup International Inc. (NYSE:SGI – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,624,644 shares of the company’s stock, valued at approximately $519,372,000. Somnigroup International accounts for 9.3% of Linonia Partnership LP’s holdings, making the stock its 7th biggest holding. Linonia Partnership LP owned 3.15% of Somnigroup International as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Core Wealth Advisors LLC purchased a new stake in shares of Somnigroup International during the fourth quarter worth approximately $30,000. Allworth Financial LP purchased a new position in Somnigroup International in the second quarter worth approximately $31,000. Elyxium Wealth LLC acquired a new position in Somnigroup International during the 4th quarter worth approximately $35,000. Danske Bank A S acquired a new position in Somnigroup International during the 2nd quarter worth approximately $39,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Somnigroup International in the 4th quarter valued at approximately $42,000. 99.86% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on SGI. Zacks Research cut shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Zelman & Associates initiated coverage on Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 target price on the stock. Wall Street Zen downgraded Somnigroup International from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Truist Financial lowered their price objective on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Somnigroup International currently has an average rating of “Moderate Buy” and an average target price of $94.50.
Somnigroup International Stock Down 0.2%
Shares of NYSE:SGI opened at $64.17 on Wednesday. The firm has a 50 day simple moving average of $70.98 and a 200-day simple moving average of $75.17. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. 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 company has a market capitalization of $13.50 billion, a PE ratio of 25.67, a P/E/G ratio of 1.44 and a beta of 1.20.
Somnigroup International (NYSE:SGI – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The firm had revenue of $1.82 billion for the quarter. During the same period last year, the business earned $0.53 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, equities analysts predict that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.
Somnigroup International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International’s payout ratio is presently 27.20%.
About Somnigroup International
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 Stories
- Five stocks we like better than Somnigroup International
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding SGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Somnigroup International Inc. (NYSE:SGI – Free Report).
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.
