Nilsine Partners LLC lessened its holdings in Somnigroup International Inc. (NYSE:SGI – Free Report) by 37.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,268 shares of the company’s stock after selling 67,305 shares during the quarter. Nilsine Partners LLC owned 0.05% of Somnigroup International worth $8,880,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of SGI. Concurrent Investment Advisors LLC increased its position in Somnigroup International by 23.3% during the second quarter. Concurrent Investment Advisors LLC now owns 11,965 shares of the company’s stock worth $938,000 after acquiring an additional 2,260 shares during the period. Nykredit A S acquired a new stake in Somnigroup International in the 2nd quarter worth about $598,000. Beaconlight Capital LLC boosted its holdings in Somnigroup International by 116.7% in the 2nd quarter. Beaconlight Capital LLC now owns 128,310 shares of the company’s stock valued at $10,060,000 after purchasing an additional 69,111 shares during the period. Two Sigma Securities LLC bought a new stake in Somnigroup International in the 2nd quarter valued at about $1,379,000. Finally, Thornburg Investment Management Inc. acquired a new position in shares of Somnigroup International during the 2nd quarter worth approximately $6,425,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.
Somnigroup International Price Performance
SGI stock opened at $69.76 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. Somnigroup International Inc. has a 12 month low of $60.39 and a 12 month high of $98.56. The firm has a market cap of $14.68 billion, a P/E ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.19. The company’s 50-day moving average price is $69.37 and its two-hundred day moving average price is $73.62.
Somnigroup International (NYSE:SGI – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The company had revenue of $1.82 billion during 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% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, analysts anticipate that Somnigroup International Inc. will post 3.04 earnings per share for the current fiscal year.
Somnigroup International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were 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 was Thursday, August 20th. Somnigroup International’s payout ratio is currently 27.20%.
Insiders Place Their Bets
In other Somnigroup International news, CEO Scott Thompson bought 30,000 shares of Somnigroup International stock in a transaction on Thursday, August 27th. The shares were purchased 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 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.99% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
SGI has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. UBS Group boosted their price target on Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday. Piper Sandler reissued an “overweight” rating and set a $100.00 price target (up from $95.00) on shares of Somnigroup International in a research report on Thursday. Zacks Research lowered Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, Zelman & Associates assumed coverage on Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective for the company. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $96.12.
Check Out Our Latest Stock Analysis on Somnigroup International
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.
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