American International Group Inc. Has $12.97 Million Stake in Tempur Sealy International, Inc. (NYSE:TPX)

American International Group Inc. decreased its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,283 shares of the company’s stock after selling 4,670 shares during the period. American International Group Inc. owned about 0.13% of Tempur Sealy International worth $12,971,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Tempur Sealy International in the 1st quarter valued at about $26,000. Rise Advisors LLC bought a new stake in shares of Tempur Sealy International in the 1st quarter valued at approximately $27,000. Principal Securities Inc. bought a new stake in shares of Tempur Sealy International in the 4th quarter valued at approximately $40,000. J.Safra Asset Management Corp grew its stake in shares of Tempur Sealy International by 80.0% in the 1st quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock valued at $58,000 after buying an additional 457 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Tempur Sealy International by 4,996.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock valued at $70,000 after buying an additional 1,349 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Wall Street Analysts Forecast Growth

TPX has been the subject of several recent research reports. Piper Sandler reissued an “overweight” rating and issued a $61.00 price target on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Truist Financial lowered their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Wedbush reissued an “outperform” rating and issued a $55.00 price target on shares of Tempur Sealy International in a research note on Monday. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $60.14.

Tempur Sealy International Stock Performance

Tempur Sealy International stock traded up $1.36 during trading hours on Thursday, reaching $51.56. 362,461 shares of the company were exchanged, compared to its average volume of 1,692,619. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.67 and a beta of 1.60. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74. The stock has a 50-day moving average of $49.41 and a 200 day moving average of $51.15. Tempur Sealy International, Inc. has a 12 month low of $36.12 and a 12 month high of $57.13.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. As a group, research analysts anticipate that Tempur Sealy International, Inc. will post 2.66 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.01%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

Tempur Sealy International Profile

Tempur Sealy 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.