London Co. of Virginia Trims Holdings in Somnigroup International Inc. $SGI

London Co. of Virginia decreased its holdings in shares of Somnigroup International Inc. (NYSE:SGI) by 8.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,177,857 shares of the company’s stock after selling 294,955 shares during the period. Somnigroup International accounts for about 1.4% of London Co. of Virginia’s holdings, making the stock its 29th largest holding. London Co. of Virginia’s holdings in Somnigroup International were worth $234,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Core Wealth Advisors LLC bought a new stake in shares of Somnigroup International in the 4th quarter worth approximately $30,000. Allworth Financial LP purchased a new position in shares of Somnigroup International during the third quarter valued at approximately $32,000. Elyxium Wealth LLC bought a new position in shares of Somnigroup International during the fourth quarter valued at approximately $35,000. First Horizon Corp raised its holdings in shares of Somnigroup International by 93.3% during 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Somnigroup International during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SGI shares. Stephens reiterated an “equal weight” rating and issued a $89.00 price target on shares of Somnigroup International in a report on Tuesday, April 14th. Bank of America decreased their price objective 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. UBS Group decreased their price objective 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. Zelman & Associates started coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 target price for the company. Finally, Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.67.

Somnigroup International Price Performance

Shares of SGI opened at $71.52 on Friday. The stock has a market cap of $15.05 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.33 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 Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56. The firm’s 50-day simple moving average is $72.08 and its two-hundred day simple moving average is $79.24.

Somnigroup International (NYSE:SGI) last released its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (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 in the previous year, the business posted $0.49 earnings per share. Somnigroup International’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. Analysts anticipate 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, May 21st. Somnigroup International’s dividend payout ratio (DPR) 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.