Handelsbanken Fonder AB Lowers Position in Somnigroup International Inc. $SGI

Handelsbanken Fonder AB decreased its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,120 shares of the company’s stock after selling 9,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Somnigroup International were worth $5,497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Core Wealth Advisors LLC purchased a new stake in shares of Somnigroup International in the fourth quarter worth about $30,000. Allworth Financial LP bought a new position in Somnigroup International during the third quarter valued at $32,000. Elyxium Wealth LLC purchased a new position in shares of Somnigroup International in the 4th quarter worth $35,000. First Horizon Corp increased its holdings in shares of 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 buying an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Somnigroup International in the 4th quarter worth about $42,000. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Performance

Shares of Somnigroup International stock opened at $66.08 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. The stock’s fifty day moving average is $71.95 and its two-hundred day moving average is $76.58. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a market capitalization of $13.90 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20.

Somnigroup International (NYSE:SGI) last issued its earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $1.82 billion for the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, analysts expect that Somnigroup International Inc. will post 3.02 earnings per share for the current year.

Somnigroup International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, August 20th. Somnigroup International’s dividend payout ratio is presently 27.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SGI shares. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Piper Sandler restated an “overweight” rating and set a $95.00 price target (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. UBS Group lowered their price target on Somnigroup International from $105.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Zacks Research lowered shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Truist Financial cut their price objective on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.50.

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.