Silvant Capital Management LLC Takes $6.87 Million Position in Somnigroup International Inc. $SGI

Silvant Capital Management LLC purchased a new position in Somnigroup International Inc. (NYSE:SGI) during the second quarter, HoldingsChannel reports. The firm purchased 87,585 shares of the company’s stock, valued at approximately $6,867,000.

Several other institutional investors also recently added to or reduced their stakes in SGI. Core Wealth Advisors LLC bought a new stake in Somnigroup International during the 4th quarter valued at about $30,000. Allworth Financial LP bought a new position in Somnigroup International in the 3rd quarter worth about $32,000. Elyxium Wealth LLC bought a new position in Somnigroup International in the 4th quarter worth about $35,000. Danske Bank A S purchased a new position in shares of Somnigroup International during the second quarter worth approximately $39,000. Finally, First Horizon Corp increased its position in shares of Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after acquiring an additional 224 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Down 2.8%

Shares of Somnigroup International stock opened at $64.14 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. The stock has a market cap of $13.49 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.48 and a beta of 1.20. The firm’s 50-day moving average is $71.53 and its two-hundred day moving average is $75.77. Somnigroup International Inc. has a 1 year low of $60.39 and a 1 year high of $98.56.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results 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 during the quarter. During the same quarter in the prior year, the firm posted $0.53 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, research analysts expect that Somnigroup International Inc. will post 3.02 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International’s dividend payout ratio (DPR) is presently 27.20%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley began coverage on shares of Somnigroup International in a research note on Monday, July 27th. They set an “overweight” rating and a $95.00 price target for the company. Zacks Research cut Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Truist Financial decreased their target price on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Zelman & Associates assumed coverage on Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 target price for the company. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.50.

About Somnigroup International

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.