State of Wyoming Sells 9,545 Shares of Somnigroup International Inc. $SGI

State of Wyoming trimmed its position in Somnigroup International Inc. (NYSE:SGI) by 63.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,396 shares of the company’s stock after selling 9,545 shares during the quarter. State of Wyoming’s holdings in Somnigroup International were worth $399,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Brown Miller Wealth Management LLC increased its holdings in Somnigroup International by 2.4% during the 4th quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock worth $430,000 after acquiring an additional 113 shares during the period. HB Wealth Management LLC grew its position in shares of Somnigroup International by 1.0% during the 4th quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock valued at $1,061,000 after purchasing an additional 115 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Somnigroup International by 5.1% during the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock valued at $260,000 after purchasing an additional 141 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Somnigroup International by 1.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock worth $975,000 after purchasing an additional 142 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of 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 purchasing an additional 148 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SGI. Bank of America cut their price target 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. Zelman & Associates initiated coverage on Somnigroup International in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 target price on the stock. UBS Group decreased their price target on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Stephens reiterated an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $98.67.

Somnigroup International Trading Down 0.1%

Shares of SGI stock opened at $71.52 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. Somnigroup International Inc. has a 12-month low of $60.39 and a 12-month high of $98.56. The stock has a market capitalization of $15.05 billion, a P/E ratio of 29.19, a P/E/G ratio of 1.33 and a beta of 1.19. The firm’s 50 day moving average is $72.08 and its 200 day moving average is $79.17.

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

Somnigroup International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, May 21st. Somnigroup International’s dividend payout ratio is 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.