Pinnbrook Capital Management LP Has $2.95 Million Stake in Somnigroup International Inc. $SGI

Pinnbrook Capital Management LP lowered its position in Somnigroup International Inc. (NYSE:SGI) by 75.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,064 shares of the company’s stock after selling 99,630 shares during the period. Pinnbrook Capital Management LP’s holdings in Somnigroup International were worth $2,952,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SGI. Swiss Life Asset Management Ltd lifted its position in shares of Somnigroup International by 85.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock worth $764,000 after purchasing an additional 4,168 shares during the period. Allworth Financial LP bought a new stake in shares of Somnigroup International in the 3rd quarter valued at $32,000. Hudson Bay Capital Management LP bought a new stake in shares of Somnigroup International in the 3rd quarter valued at $5,585,000. New Mexico Educational Retirement Board bought a new stake in shares of Somnigroup International in the 3rd quarter valued at $3,578,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Somnigroup International in the 3rd quarter valued at $269,540,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Stock Performance

Shares of NYSE:SGI opened at $67.26 on Friday. The business has a 50-day moving average of $74.30. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. The stock has a market cap of $14.15 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.20 and a beta of 1.25. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.80 billion for the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. Somnigroup International’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, research analysts predict that Somnigroup International Inc. will post 3.2 earnings per share for the current year.

Somnigroup International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 21st. Somnigroup International’s payout ratio is 27.76%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SGI shares. Jefferies Financial Group upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating and lowered their price objective for the company from $90.00 to $88.00 in a research note on Thursday, March 26th. Stephens reiterated an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Truist Financial lifted 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. Bank of America lowered their price objective on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Weiss Ratings upgraded shares of Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Somnigroup International presently has a consensus rating of “Moderate Buy” and an average target price of $98.60.

Somnigroup International Profile

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.