Somnigroup International Inc. $SGI Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its stake in Somnigroup International Inc. (NYSE:SGI) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,258,002 shares of the company’s stock after buying an additional 16,104 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Somnigroup International were worth $112,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SGI. Core Wealth Advisors LLC acquired a new position in Somnigroup International in the fourth quarter valued at approximately $30,000. Allworth Financial LP acquired a new position in Somnigroup International in the third quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new position in Somnigroup International in the fourth quarter valued at approximately $35,000. First Horizon Corp boosted its stake in Somnigroup International by 93.3% in the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after acquiring an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Somnigroup International in the fourth quarter valued at approximately $42,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SGI has been the subject of a number of research reports. Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and decreased their target price for the company from $90.00 to $88.00 in a research note on Thursday, March 26th. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Bank of America decreased their target price on 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 lifted their price target on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, UBS Group cut their price target on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.60.

Somnigroup International Trading Down 0.4%

SGI opened at $67.77 on Tuesday. The company’s 50 day simple moving average is $72.64. The company has a market capitalization of $14.25 billion, a PE ratio of 27.66, a PEG ratio of 1.27 and a beta of 1.21. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.80 billion for the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, analysts forecast that Somnigroup International Inc. will post 3.15 EPS for the current year.

Somnigroup International Announces Dividend

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

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.