Tectonic Advisors LLC raised its stake in shares of Somnigroup International Inc. (NYSE:SGI – Free Report) by 21.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 144,819 shares of the company’s stock after buying an additional 25,118 shares during the quarter. Tectonic Advisors LLC’s holdings in Somnigroup International were worth $8,995,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of SGI. Sterling Capital Management LLC boosted its stake in shares of Somnigroup International by 4.0% during the third quarter. Sterling Capital Management LLC now owns 5,547 shares of the company’s stock valued at $345,000 after acquiring an additional 215 shares during the last quarter. Inspire Investing LLC raised its stake in Somnigroup International by 71.7% in the 3rd quarter. Inspire Investing LLC now owns 19,398 shares of the company’s stock valued at $1,205,000 after purchasing an additional 8,099 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in Somnigroup International by 5.0% in the 3rd quarter. Yousif Capital Management LLC now owns 62,377 shares of the company’s stock valued at $3,874,000 after purchasing an additional 2,960 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Somnigroup International by 11,900.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 480 shares of the company’s stock valued at $30,000 after purchasing an additional 476 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Somnigroup International by 13.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 12,091 shares of the company’s stock worth $751,000 after purchasing an additional 1,394 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.
Analyst Upgrades and Downgrades
SGI has been the subject of a number of recent research reports. Stephens upgraded shares of Somnigroup International from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $80.00 in a report on Monday, September 14th. UBS Group lifted their target price on shares of Somnigroup International from $94.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Wall Street Zen upgraded Somnigroup International from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Zacks Research raised Somnigroup International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $95.00.
Check Out Our Latest Report on Somnigroup International
Somnigroup International Trading Down 2.0%
SGI stock traded down $1.30 on Friday, hitting $64.69. 1,740,582 shares of the company were exchanged, compared to its average volume of 2,500,086. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24. Somnigroup International Inc. has a twelve month low of $60.08 and a twelve month high of $98.56. The business’s fifty day moving average is $64.41 and its two-hundred day moving average is $69.57.
Somnigroup International (NYSE:SGI – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share 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 company had revenue of $1.82 billion for the quarter. During the same quarter last year, the business earned $0.53 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, research analysts forecast that Somnigroup International Inc. will post 3.11 earnings per share for the current year.
Somnigroup International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given 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 was Thursday, August 20th. Somnigroup International’s dividend payout ratio (DPR) is 27.20%.
Insider Buying and Selling at Somnigroup International
In other news, CEO Scott Thompson bought 30,000 shares of Somnigroup International stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.99% of the company’s stock.
Somnigroup International Profile
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.
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