14,550 Shares in Somnigroup International Inc. $SGI Bought by Glazer Capital LLC

Glazer Capital LLC acquired a new position in Somnigroup International Inc. (NYSE:SGI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,550 shares of the company’s stock, valued at approximately $1,141,000.

A number of other institutional investors have also recently bought and sold shares of SGI. Sanctuary Advisors LLC boosted its holdings in shares of Somnigroup International by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock worth $260,000 after buying an additional 141 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Somnigroup International by 1.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock worth $975,000 after buying an additional 142 shares during the last quarter. Fifth Third Bancorp increased its holdings in Somnigroup International by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock worth $176,000 after buying an additional 148 shares during the last quarter. Platform Technology Partners raised its position in Somnigroup International by 5.9% in the first quarter. Platform Technology Partners now owns 2,770 shares of the company’s stock worth $205,000 after acquiring an additional 155 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its stake in Somnigroup International by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 32,172 shares of the company’s stock valued at $2,872,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Somnigroup International in a research report on Monday, July 27th. They set an “overweight” rating and a $95.00 target price for the company. UBS Group dropped their price objective on Somnigroup International from $105.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Wall Street Zen downgraded Somnigroup International from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Zacks Research lowered Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Somnigroup International has a consensus rating of “Moderate Buy” and an average target price of $94.50.

Somnigroup International Price Performance

SGI opened at $62.41 on Friday. The firm has a 50-day moving average price of $70.49 and a 200-day moving average price of $74.70. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.41 and a beta of 1.20.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The company had revenue of $1.82 billion for the quarter. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s quarterly revenue 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. Equities analysts expect that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend 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%.

Insider Activity at Somnigroup International

In related news, CEO Scott L. Thompson purchased 30,000 shares of Somnigroup International stock in a transaction dated Thursday, August 27th. The stock was bought at an average cost of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the transaction, the chief executive officer owned 4,123,634 shares in the company, valued at $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.99% of the stock is owned by insiders.

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.