London Co. of Virginia Cuts Stake in Somnigroup International Inc. $SGI

London Co. of Virginia reduced its stake in Somnigroup International Inc. (NYSE:SGI) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,472,812 shares of the company’s stock after selling 315,233 shares during the period. Somnigroup International makes up 1.8% of London Co. of Virginia’s portfolio, making the stock its 20th biggest position. London Co. of Virginia owned approximately 1.65% of Somnigroup International worth $310,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of Somnigroup International during the third quarter valued at $269,540,000. Artisan Partners Limited Partnership purchased a new stake in shares of Somnigroup International during the fourth quarter valued at $274,323,000. Norges Bank purchased a new stake in shares of Somnigroup International during the fourth quarter valued at $270,814,000. Squarepoint Ops LLC boosted its position in shares of Somnigroup International by 125.4% during the fourth quarter. Squarepoint Ops LLC now owns 1,232,152 shares of the company’s stock valued at $110,007,000 after buying an additional 685,420 shares during the last quarter. Finally, Clearbridge Investments LLC purchased a new stake in shares of Somnigroup International during the fourth quarter valued at $42,611,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Stephens reaffirmed an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a research report on Tuesday, April 14th. UBS Group dropped their price objective on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Bank of America dropped their price objective on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and dropped their price objective for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.60.

Somnigroup International Trading Up 0.9%

Shares of NYSE:SGI opened at $74.91 on Wednesday. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.38 and a beta of 1.21. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78. The stock’s 50-day simple moving average is $72.64 and its two-hundred day simple moving average is $82.33. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56.

Somnigroup International (NYSE:SGI) last announced its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $1.80 billion for the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Analysts expect that Somnigroup International Inc. will post 3.15 EPS for the current year.

Somnigroup International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 21st. Somnigroup International’s dividend payout ratio (DPR) is presently 27.76%.

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.