Empowered Funds LLC purchased a new position in Somnigroup International Inc. (NYSE:SGI – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 74,763 shares of the company’s stock, valued at approximately $5,861,000.
Several other institutional investors and hedge funds have also made changes to their positions in SGI. United Capital Financial Advisors LLC acquired a new position in shares of Somnigroup International during the second quarter valued at approximately $367,000. Glazer Capital LLC bought a new stake in Somnigroup International during the second quarter worth approximately $1,141,000. Public Employees Retirement System of Ohio acquired a new stake in Somnigroup International in the second quarter worth approximately $10,580,000. Transamerica Financial Advisors LLC acquired a new stake in Somnigroup International in the second quarter worth approximately $45,000. Finally, Corient Private Wealth LP bought a new position in Somnigroup International during the 2nd quarter valued at $517,000. 99.86% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CEO Scott L. Thompson purchased 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the purchase, the chief executive officer owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This trade represents a 0.73% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.99% of the company’s stock.
Analyst Upgrades and Downgrades
Somnigroup International Price Performance
Shares of NYSE:SGI opened at $64.40 on Monday. The company has a market capitalization of $13.55 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.45 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. The stock has a fifty day moving average of $70.28 and a 200-day moving average of $74.48. Somnigroup International Inc. has a one year low of $60.39 and a one year high of $98.56.
Somnigroup International (NYSE:SGI – Get 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 for the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities analysts anticipate that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.
Somnigroup International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a $0.17 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Somnigroup International’s dividend payout ratio (DPR) is 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.
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