Somnigroup International Inc. $SGI is Goodnow Investment Group LLC’s 7th Largest Position

Goodnow Investment Group LLC lessened its position in shares of Somnigroup International Inc. (NYSE:SGI) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 639,895 shares of the company’s stock after selling 14,942 shares during the quarter. Somnigroup International accounts for 5.3% of Goodnow Investment Group LLC’s portfolio, making the stock its 7th largest position. Goodnow Investment Group LLC’s holdings in Somnigroup International were worth $57,130,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SGI. JPMorgan Chase & Co. acquired a new position in shares of Somnigroup International in the third quarter valued at about $269,540,000. Norges Bank acquired a new position in shares of Somnigroup International in the fourth quarter valued at about $270,814,000. Squarepoint Ops LLC increased its holdings in shares of Somnigroup International by 125.4% in the fourth quarter. Squarepoint Ops LLC now owns 1,232,152 shares of the company’s stock valued at $110,007,000 after purchasing an additional 685,420 shares during the period. Clearbridge Investments LLC acquired a new position in shares of Somnigroup International in the fourth quarter valued at about $42,611,000. Finally, Marshall Wace LLP increased its holdings in shares of Somnigroup International by 163.3% in the fourth quarter. Marshall Wace LLP now owns 751,759 shares of the company’s stock valued at $67,117,000 after purchasing an additional 466,260 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.

Somnigroup International Stock Performance

NYSE SGI opened at $74.27 on Tuesday. The company’s 50-day moving average is $72.60. The stock has a market cap of $15.62 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 1.34 and a beta of 1.21. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.80 billion during the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, analysts forecast that Somnigroup International Inc. will post 3.15 earnings per share for the current year.

Somnigroup International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 21st. Somnigroup International’s payout ratio is currently 27.76%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SGI. Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. UBS Group cut their price objective on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Bank of America cut their price objective on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and cut their price objective for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Finally, Truist Financial lifted their price objective on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Somnigroup International currently has a consensus rating of “Moderate Buy” and an average target price of $98.60.

Somnigroup International Company 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.