Insider Buying: Somnigroup International (NYSE:SGI) CEO Purchases $1,885,200.00 in Stock

Somnigroup International Inc. (NYSE:SGI) CEO Scott Thompson bought 30,000 shares of Somnigroup International stock in a transaction on Thursday, August 27th. The stock was purchased at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the acquisition, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This represents a 0.73% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Somnigroup International Stock Performance

SGI stock opened at $64.40 on Friday. Somnigroup International Inc. has a one year low of $60.39 and a one year high of $98.56. The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.45 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. The firm has a 50-day simple moving average of $70.28 and a two-hundred day simple moving average of $74.63.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data 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 net margin of 7.00% and a return on equity of 19.32%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, equities analysts forecast that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International’s payout ratio is currently 27.20%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Somnigroup International during the second quarter worth $1,507,604,000. California State Teachers Retirement System increased its position in shares of Somnigroup International by 7,702.3% in the 2nd quarter. California State Teachers Retirement System now owns 18,088,526 shares of the company’s stock valued at $1,418,140,000 after acquiring an additional 17,856,689 shares during the period. Linonia Partnership LP purchased a new position in Somnigroup International in the 2nd quarter worth $519,372,000. Geode Capital Management LLC raised its stake in Somnigroup International by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock worth $390,699,000 after acquiring an additional 371,234 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Somnigroup International by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock worth $306,160,000 after acquiring an additional 232,953 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Zacks Research lowered Somnigroup International from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Wall Street Zen downgraded Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. UBS Group reduced their target price on Somnigroup International from $105.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Truist Financial decreased their price target on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Piper Sandler reissued an “overweight” rating and issued a $95.00 price target (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Somnigroup International currently has an average rating of “Moderate Buy” and an average target price of $94.50.

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.