Somnigroup International Inc. $SGI Stock Position Lifted by Dorsey Wright & Associates

Dorsey Wright & Associates boosted its stake in Somnigroup International Inc. (NYSE:SGI) by 55.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,822 shares of the company’s stock after buying an additional 43,343 shares during the period. Somnigroup International accounts for 1.1% of Dorsey Wright & Associates’ portfolio, making the stock its 28th biggest holding. Dorsey Wright & Associates’ holdings in Somnigroup International were worth $8,931,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of SGI. Swiss Life Asset Management Ltd raised its stake in shares of Somnigroup International by 85.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock worth $764,000 after buying an additional 4,168 shares in the last quarter. Allworth Financial LP bought a new position in Somnigroup International during the third quarter valued at about $32,000. Hudson Bay Capital Management LP bought a new position in Somnigroup International during the third quarter valued at about $5,585,000. New Mexico Educational Retirement Board acquired a new position in Somnigroup International during the third quarter worth about $3,578,000. Finally, GAMMA Investing LLC grew its holdings in Somnigroup International by 12.1% during the fourth quarter. GAMMA Investing LLC now owns 8,191 shares of the company’s stock worth $731,000 after acquiring an additional 884 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

SGI has been the subject of a number of research analyst reports. UBS Group cut their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Weiss Ratings cut shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Stephens restated an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a report on Tuesday, April 14th. Jefferies Financial Group upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating and decreased their price target for the stock from $90.00 to $88.00 in a research report on Thursday, March 26th. Finally, Zelman & Associates initiated coverage on Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.67.

Somnigroup International Trading Down 3.2%

Shares of NYSE SGI opened at $72.78 on Friday. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 1.40 and a beta of 1.19. The business has a 50 day simple moving average of $71.53 and a 200 day simple moving average of $79.92. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78.

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

Somnigroup International Dividend Announcement

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

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.