Public Employees Retirement System of Ohio Raises Stock Holdings in Somnigroup International Inc. $SGI

Public Employees Retirement System of Ohio lifted its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,100 shares of the company’s stock after acquiring an additional 13,427 shares during the period. Public Employees Retirement System of Ohio’s holdings in Somnigroup International were worth $9,247,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership acquired a new position in Somnigroup International in the 4th quarter valued at about $274,323,000. Norges Bank acquired a new stake in shares of Somnigroup International during the 4th quarter worth about $270,814,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Somnigroup International by 62.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after buying an additional 1,171,485 shares in the last quarter. Squarepoint Ops LLC grew its holdings 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 worth $110,007,000 after buying an additional 685,420 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of Somnigroup International in the fourth quarter valued at approximately $52,804,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Price Performance

SGI opened at $72.89 on Tuesday. The company’s 50 day simple moving average is $72.29 and its 200 day simple moving average is $79.04. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78. Somnigroup International Inc. has a 1 year low of $60.39 and a 1 year high of $98.56. The stock has a market capitalization of $15.33 billion, a PE ratio of 29.75, a P/E/G ratio of 1.33 and a beta of 1.19.

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

Somnigroup International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. Somnigroup International’s payout ratio is currently 27.76%.

Analyst Ratings Changes

SGI has been the topic of a number of analyst reports. Bank of America decreased their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. UBS Group reduced their price target on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Stephens restated an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Zelman & Associates began coverage on Somnigroup International in a research report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective for the company. Finally, Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.14.

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.