Somnigroup International Inc. $SGI Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its holdings in Somnigroup International Inc. (NYSE:SGI) by 12.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,100 shares of the company’s stock after buying an additional 13,427 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Somnigroup International worth $9,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Somnigroup International by 9.3% in the fourth quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock valued at $390,699,000 after acquiring an additional 371,234 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Somnigroup International by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock valued at $306,160,000 after purchasing an additional 232,953 shares in the last quarter. Third Point LLC lifted its stake in shares of Somnigroup International by 13.3% in the fourth quarter. Third Point LLC now owns 3,400,000 shares of the company’s stock valued at $303,552,000 after purchasing an additional 400,000 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Somnigroup International in the fourth quarter valued at about $274,323,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Somnigroup International by 62.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after buying an additional 1,171,485 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SGI. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Morgan Stanley assumed coverage on shares of Somnigroup International in a research report on Monday. They set an “overweight” rating and a $95.00 price target for the company. Zelman & Associates initiated coverage on Somnigroup International in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target on the stock. Stephens restated an “equal weight” rating and issued a $89.00 price target on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, Bank of America dropped their price objective 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. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Somnigroup International currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.14.

Somnigroup International Price Performance

Shares of NYSE SGI opened at $72.89 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. The company’s 50-day moving average price is $72.29 and its 200 day moving average price is $79.04. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.33 and a beta of 1.19.

Somnigroup International (NYSE:SGI) last announced its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.80 billion during the quarter. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, research analysts forecast that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

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

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.