40,837 Shares in Somnigroup International Inc. $SGI Acquired by Silvant Capital Management LLC

Silvant Capital Management LLC bought a new position in Somnigroup International Inc. (NYSE:SGI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 40,837 shares of the company’s stock, valued at approximately $3,646,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new stake in Somnigroup International in the 4th quarter worth approximately $30,000. Allworth Financial LP purchased a new stake in Somnigroup International in the 3rd quarter worth approximately $32,000. Elyxium Wealth LLC purchased a new stake in Somnigroup International in the 4th quarter worth approximately $35,000. First Horizon Corp increased its holdings in Somnigroup International by 93.3% in the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after acquiring an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Somnigroup International in the 4th quarter worth approximately $42,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Somnigroup International Price Performance

Shares of SGI opened at $74.27 on Tuesday. 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 1 year low of $60.39 and a 1 year high of $98.56. The firm’s 50 day moving average is $72.60. The stock has a market cap of $15.62 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 1.34 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The business had revenue of $1.80 billion during the quarter. During the same period last year, the business earned $0.49 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, sell-side analysts anticipate that Somnigroup International Inc. will post 3.15 earnings per share for the current year.

Somnigroup International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 21st. Somnigroup International’s payout ratio is currently 27.76%.

Wall Street Analyst Weigh In

SGI has been the subject of several analyst reports. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and reduced their target price for the stock from $90.00 to $88.00 in a report on Thursday, March 26th. UBS Group reduced their target price on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Truist Financial increased their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, 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 report on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.60.

Somnigroup International Company 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.