Somnigroup International Inc. $SGI Shares Bought by State of Wyoming

State of Wyoming raised its position in Somnigroup International Inc. (NYSE:SGI) by 593.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,941 shares of the company’s stock after acquiring an additional 12,787 shares during the period. State of Wyoming’s holdings in Somnigroup International were worth $1,334,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SGI. JPMorgan Chase & Co. acquired a new stake in shares of Somnigroup International in the 3rd quarter worth $269,540,000. Norges Bank acquired a new stake in shares of Somnigroup International in the 4th quarter worth $270,814,000. Geode Capital Management LLC lifted its stake in shares of Somnigroup International by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock worth $390,699,000 after acquiring an additional 371,234 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Somnigroup International by 6.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock worth $166,373,000 after acquiring an additional 121,244 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Somnigroup International in the 3rd quarter worth $5,585,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Stock Down 0.8%

Shares of NYSE SGI opened at $67.43 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a 50-day moving average of $73.01. The firm has a market capitalization of $14.18 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.25 and a beta of 1.21.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm had revenue of $1.80 billion during the quarter. During the same quarter last year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Equities research analysts expect that Somnigroup International Inc. will post 3.2 EPS for the current fiscal year.

Somnigroup International Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on SGI shares. Bank of America reduced their target price 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. Truist Financial raised their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings cut shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group reduced their price objective on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Jefferies Financial Group upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating and reduced their price objective for the company from $90.00 to $88.00 in a research note on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.