Governors Lane LP purchased a new position in shares of Somnigroup International Inc. (NYSE:SGI – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 150,885 shares of the company’s stock, valued at approximately $11,829,000. Somnigroup International comprises 0.9% of Governors Lane LP’s investment portfolio, making the stock its 25th biggest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in Somnigroup International in the second quarter worth $1,507,604,000. California State Teachers Retirement System raised its holdings in Somnigroup International by 7,702.3% during the second quarter. California State Teachers Retirement System now owns 18,088,526 shares of the company’s stock valued at $1,418,140,000 after buying an additional 17,856,689 shares in the last quarter. Linonia Partnership LP acquired a new stake in shares of Somnigroup International in the second quarter worth about $519,372,000. Artisan Partners Limited Partnership acquired a new stake in shares of Somnigroup International in the fourth quarter worth about $274,323,000. Finally, Norges Bank bought a new stake in shares of Somnigroup International during the 4th quarter worth about $270,814,000. Institutional investors own 99.86% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Scott Thompson bought 30,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were 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 in the company, valued at $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.99% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Somnigroup International
Somnigroup International Price Performance
Shares of NYSE:SGI opened at $69.59 on Wednesday. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.17 and a beta of 1.19. The business has a 50 day moving average price of $69.02 and a 200 day moving average price of $73.19. 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 twelve month low of $60.39 and a twelve month high of $98.56.
Somnigroup International (NYSE:SGI – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The company had revenue of $1.82 billion for the quarter. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’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. Research analysts predict that Somnigroup International Inc. will post 3.04 earnings per share for the current year.
Somnigroup International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) 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.
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