SG Americas Securities LLC Increases Stock Position in Somnigroup International Inc. $SGI

SG Americas Securities LLC increased its holdings in Somnigroup International Inc. (NYSE:SGI) by 134.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,144 shares of the company’s stock after buying an additional 48,257 shares during the period. SG Americas Securities LLC’s holdings in Somnigroup International were worth $7,512,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in Somnigroup International during the 3rd quarter valued at $269,540,000. Hudson Bay Capital Management LP bought a new position in shares of Somnigroup International in the third quarter worth $5,585,000. New Mexico Educational Retirement Board purchased a new position in shares of Somnigroup International in the third quarter valued at $3,578,000. Park Avenue Securities LLC grew its position in shares of Somnigroup International by 6.8% in the fourth quarter. Park Avenue Securities LLC now owns 12,112 shares of the company’s stock valued at $1,081,000 after purchasing an additional 768 shares in the last quarter. Finally, Swiss Life Asset Management Ltd raised its stake in shares of Somnigroup International by 85.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock valued at $764,000 after purchasing an additional 4,168 shares during the period. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Zacks Research cut Somnigroup International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Somnigroup International in a research report on Monday, December 29th. UBS Group lowered their price target on shares of Somnigroup International from $122.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Jefferies Financial Group upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating and cut their price objective for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Finally, Truist Financial boosted their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.75.

Somnigroup International Stock Performance

Shares of SGI stock opened at $69.39 on Tuesday. The stock has a market capitalization of $14.60 billion, a P/E ratio of 38.77, a PEG ratio of 0.91 and a beta of 1.28. Somnigroup International Inc. has a 52-week low of $53.10 and a 52-week high of $98.56. The stock has a fifty day simple moving average of $86.08. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.47.

Somnigroup International (NYSE:SGI) last posted its earnings results on Tuesday, February 17th. The company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $1.87 billion during the quarter. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.Somnigroup International’s quarterly revenue was up 54.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Somnigroup International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Somnigroup International’s payout ratio is presently 37.99%.

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.