Sei Investments Co. Raises Stock Holdings in Somnigroup International Inc. $SGI

Sei Investments Co. increased its holdings in shares of Somnigroup International Inc. (NYSE:SGI) by 50.5% during the first quarter, HoldingsChannel.com reports. The fund owned 1,210,427 shares of the company’s stock after buying an additional 406,141 shares during the quarter. Sei Investments Co.’s holdings in Somnigroup International were worth $89,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brown Miller Wealth Management LLC increased its position in shares of Somnigroup International by 2.4% during the 4th quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock valued at $430,000 after purchasing an additional 113 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Somnigroup International by 1.0% during the 4th quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock worth $1,061,000 after purchasing an additional 115 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Somnigroup International by 5.1% during the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock worth $260,000 after purchasing an additional 141 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Somnigroup International by 1.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock worth $975,000 after buying an additional 142 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Somnigroup International by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock worth $176,000 after buying an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SGI shares. Weiss Ratings downgraded shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Stephens reaffirmed an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a research report on Tuesday, April 14th. UBS Group dropped their target price on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. 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 report on Tuesday, April 14th. Finally, Zelman & Associates began coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target for the company. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.67.

Somnigroup International Stock Up 3.9%

SGI stock opened at $71.52 on Friday. The stock has a fifty day moving average of $72.08 and a 200-day moving average of $79.24. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 1.28 and a beta of 1.19. 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 (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. The business 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 company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior 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, equities research analysts predict that Somnigroup International Inc. will post 3.15 earnings per share for the current year.

Somnigroup International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.17 dividend. The ex-dividend date was 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 presently 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.