Retirement Systems of Alabama Buys 19,925 Shares of Somnigroup International Inc. $SGI

Retirement Systems of Alabama lifted its stake in Somnigroup International Inc. (NYSE:SGI) by 7.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 294,470 shares of the company’s stock after buying an additional 19,925 shares during the quarter. Retirement Systems of Alabama’s holdings in Somnigroup International were worth $18,290,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its position in shares of Somnigroup International by 15.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,843,602 shares of the company’s stock valued at $241,186,000 after buying an additional 517,542 shares during the period. Brighton Jones LLC lifted its holdings in Somnigroup International by 3.4% in the third quarter. Brighton Jones LLC now owns 6,383 shares of the company’s stock worth $396,000 after buying an additional 207 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Somnigroup International by 9.8% in the third quarter. Pictet Asset Management Holding SA now owns 34,172 shares of the company’s stock worth $2,122,000 after buying an additional 3,055 shares during the period. Commonwealth Equity Services LLC bought a new stake in Somnigroup International during the 3rd quarter valued at approximately $269,000. Finally, Kestra Private Wealth Services LLC boosted its position in Somnigroup International by 9.5% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 7,103 shares of the company’s stock valued at $441,000 after acquiring an additional 615 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Insider Activity at Somnigroup International

In related news, CEO Scott Thompson purchased 30,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were purchased at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the transaction, the chief executive officer directly owned 4,123,634 shares in the company, valued at $259,129,160.56. This trade represents a 0.73% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.99% of the stock is currently owned by corporate insiders.

Somnigroup International Trading Down 0.6%

Shares of NYSE SGI opened at $62.39 on Thursday. Somnigroup International Inc. has a 1 year low of $60.08 and a 1 year high of $98.56. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.23 and a quick ratio of 0.37. The firm has a 50-day moving average of $64.42 and a 200 day moving average of $72.76. The stock has a market cap of $13.13 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.30.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Monday, November 9th. The company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). The business had revenue of $2.35 billion during the quarter. Somnigroup International had a return on equity of 17.84% and a net margin of 6.62%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-2.950 EPS. As a group, sell-side analysts expect that Somnigroup International Inc. will post 2.89 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, November 23rd. Somnigroup International’s dividend payout ratio (DPR) is presently 28.22%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Somnigroup International from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. KeyCorp lowered their target price on Somnigroup International from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday. Morgan Stanley dropped their price target on Somnigroup International from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday. UBS Group dropped their price target on Somnigroup International from $102.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Stephens raised Somnigroup International from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $66.00 to $80.00 in a research note on Monday, September 14th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $93.33.

Recent Somnigroup International Headlines

Here are a few of the latest headlines about SGI:

• Positive Sentiment: A Yahoo Finance article presents SGI as a potential bargain despite its substantial prior share-price run, offering a more constructive view of the stock’s valuation. Somnigroup International Stock Could Be A Bargain Despite Its 82% Run
• Neutral Sentiment: UBS lowered its price target to $87 from $102 but kept a Buy rating; Morgan Stanley cut its target to $90 from $95 and maintained Overweight; KeyCorp reduced its target to $100 from $105 and also maintained Overweight. The lower targets temper optimism, while the retained ratings indicate these firms remain positive on SGI. UBS Adjusts Somnigroup International Price Target
• Negative Sentiment: SGI’s third-quarter earnings and sales missed estimates. Disruptions at Dreams and weak demand at Mattress Firm weighed on results, and the company cut its 2026 EPS outlook—factors cited alongside the stock reaching a new 12-month low after the weak results. Somnigroup Q3 Earnings Miss on Dreams Disruption and Soft Demand Somnigroup Reaches New 12-Month Low Following Weak Earnings

About Somnigroup International

Somnigroup International, Inc. is a bedding company that designs, manufactures, distributes and sells mattresses and related sleep products. Its offerings include adjustable bases, pillows and other bedding accessories, marketed under brands such as Tempur-Pedic, Sealy and Stearns & Foster. The company also operates Mattress Firm, a mattress retailer with stores across the United States. Through its brands, retail business and other sales channels, Somnigroup serves customers in the U.S. and international markets.