Somnigroup International Inc. $SGI Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. decreased its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 42.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,648 shares of the company’s stock after selling 9,442 shares during the quarter. Benjamin Edwards Inc.’s holdings in Somnigroup International were worth $992,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SGI. Core Wealth Advisors LLC acquired a new position in shares of Somnigroup International during the fourth quarter worth about $30,000. Allworth Financial LP purchased a new stake in shares of Somnigroup International during the second quarter worth approximately $31,000. Elyxium Wealth LLC acquired a new stake in Somnigroup International in the fourth quarter valued at approximately $35,000. Danske Bank A S acquired a new stake in Somnigroup International in the second quarter valued at approximately $39,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Somnigroup International in the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analyst Ratings Changes

SGI has been the subject of several analyst reports. Truist Financial lowered their price target on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 7th. Wall Street Zen cut shares of Somnigroup International from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Zelman & Associates assumed coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 target price for the company. UBS Group dropped their target price on Somnigroup International from $105.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Zacks Research lowered Somnigroup International from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Somnigroup International presently has a consensus rating of “Moderate Buy” and an average target price of $94.50.

Somnigroup International Stock Down 1.7%

Somnigroup International stock opened at $63.65 on Wednesday. The company has a market capitalization of $13.39 billion, a P/E ratio of 25.46, a PEG ratio of 1.45 and a beta of 1.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56. The stock has a 50-day simple moving average of $69.90 and a 200-day simple moving average of $74.01.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The firm had revenue of $1.82 billion for the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Equities research analysts expect that Somnigroup International Inc. will post 3.02 earnings per share for the current year.

Somnigroup International Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International’s dividend payout ratio is presently 27.20%.

Insider Activity

In other Somnigroup International news, CEO Scott L. Thompson bought 30,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were acquired 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 approximately $259,129,160.56. The trade was a 0.73% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.99% of the company’s stock.

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.