Somnigroup International Inc. $SGI is Emmett Investment Management LP’s 8th Largest Position

Emmett Investment Management LP lifted its holdings in Somnigroup International Inc. (NYSE:SGI) by 26.5% in the first quarter, Holdings Channel reports. The firm owned 95,825 shares of the company’s stock after buying an additional 20,075 shares during the period. Somnigroup International comprises about 5.4% of Emmett Investment Management LP’s portfolio, making the stock its 8th largest position. Emmett Investment Management LP’s holdings in Somnigroup International were worth $7,054,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Empowered Funds LLC increased its position in Somnigroup International by 10.0% during the 1st quarter. Empowered Funds LLC now owns 45,043 shares of the company’s stock valued at $3,330,000 after buying an additional 4,078 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Somnigroup International by 27.9% in the first quarter. Quantinno Capital Management LP now owns 154,491 shares of the company’s stock worth $11,420,000 after acquiring an additional 33,729 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Somnigroup International by 193.4% during the first quarter. Renaissance Technologies LLC now owns 494,100 shares of the company’s stock worth $36,524,000 after acquiring an additional 325,700 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Somnigroup International by 12.0% during the first quarter. Public Employees Retirement System of Ohio now owns 125,100 shares of the company’s stock worth $9,247,000 after acquiring an additional 13,427 shares during the last quarter. Finally, M.D. Sass LLC increased its holdings in shares of Somnigroup International by 9.7% during the first quarter. M.D. Sass LLC now owns 642,354 shares of the company’s stock valued at $47,483,000 after acquiring an additional 56,703 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Trading Up 1.9%

Somnigroup International stock opened at $72.89 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a market capitalization of $15.33 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. The stock has a 50-day moving average price of $72.29 and a 200 day moving average price of $79.04.

Somnigroup International (NYSE:SGI) last issued its earnings results on Thursday, May 7th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The firm had revenue of $1.80 billion for the quarter. During the same quarter in the prior year, the company earned $0.49 EPS. Somnigroup International’s quarterly revenue was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Sell-side analysts anticipate that Somnigroup International Inc. will post 3.15 EPS for the current year.

Somnigroup International Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Zelman & Associates initiated coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective for the company. Stephens restated an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a research note on Tuesday, April 14th. UBS Group decreased 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. Morgan Stanley assumed coverage on shares of Somnigroup International in a research note on Monday. They set an “overweight” rating and a $95.00 price objective for the company. Finally, 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. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Somnigroup International has an average rating of “Moderate Buy” and an average target price of $98.14.

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.