Jupiter Topco LLC Takes $5.71 Million Position in Somnigroup International Inc. $SGI

Jupiter Topco LLC acquired a new position in Somnigroup International Inc. (NYSE:SGI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 72,859 shares of the company’s stock, valued at approximately $5,713,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SGI. BlackRock Inc. purchased a new stake in Somnigroup International in the second quarter valued at about $1,507,604,000. Linonia Partnership LP acquired a new position in shares of Somnigroup International during the second quarter valued at about $519,372,000. Geode Capital Management LLC raised its position in shares of Somnigroup International by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock valued at $390,699,000 after purchasing an additional 371,234 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 during the last quarter. Finally, Third Point LLC boosted its stake in Somnigroup International by 13.3% in the 4th quarter. Third Point LLC now owns 3,400,000 shares of the company’s stock worth $303,552,000 after purchasing an additional 400,000 shares in the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Somnigroup International Stock Performance

SGI opened at $64.79 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. Somnigroup International Inc. has a 12-month low of $60.39 and a 12-month high of $98.56. The firm has a 50 day moving average of $70.11 and a two-hundred day moving average of $74.24. The firm has a market capitalization of $13.63 billion, a PE ratio of 25.92, a P/E/G ratio of 1.45 and a beta of 1.20.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The business had revenue of $1.82 billion for the quarter. During the same period last year, the company earned $0.53 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, analysts anticipate that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International’s dividend payout ratio (DPR) is currently 27.20%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Truist Financial dropped their target price 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. Piper Sandler reiterated an “overweight” rating and set a $95.00 price objective (down from $102.00) on shares of Somnigroup International in a research note on Friday, August 7th. Zacks Research downgraded shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Morgan Stanley began coverage on Somnigroup International in a research report on Monday, July 27th. They issued an “overweight” rating and a $95.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Somnigroup International presently has a consensus rating of “Moderate Buy” and an average price target of $94.50.

Insider Buying and Selling at Somnigroup International

In related news, CEO Scott L. Thompson acquired 30,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was acquired at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the acquisition, the chief executive officer directly owned 4,123,634 shares in the company, valued at $259,129,160.56. This represents a 0.73% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.99% of the company’s stock.

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.