New York State Teachers Retirement System Has $11.79 Million Stock Holdings in Somnigroup International Inc. $SGI

New York State Teachers Retirement System trimmed its position in shares of Somnigroup International Inc. (NYSE:SGI) by 4.1% during the first quarter, HoldingsChannel reports. The firm owned 159,457 shares of the company’s stock after selling 6,807 shares during the quarter. New York State Teachers Retirement System’s holdings in Somnigroup International were worth $11,787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in Somnigroup International during the 4th quarter worth $30,000. Allworth Financial LP acquired a new stake in shares of Somnigroup International during the third quarter worth about $32,000. Elyxium Wealth LLC bought a new position in shares of Somnigroup International during the 4th quarter valued at about $35,000. First Horizon Corp lifted its holdings in shares of Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after purchasing an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Somnigroup International in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Stock Performance

Shares of NYSE SGI opened at $78.45 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78. The stock has a 50 day moving average price of $71.92 and a 200 day moving average price of $80.99. The stock has a market capitalization of $16.50 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.80 billion for the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Analysts predict that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Zelman & Associates started coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 target price on the stock. Bank of America dropped their price objective on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group lowered their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and cut their price target for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.67.

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.