Jupiter Topco LLC Takes $5.71 Million Position in Somnigroup International Inc. $SGI

Jupiter Topco LLC purchased a new position in shares of Somnigroup International Inc. (NYSE:SGI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,859 shares of the company’s stock, valued at approximately $5,713,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SGI. BlackRock Inc. purchased a new stake in shares of Somnigroup International during the 2nd quarter worth about $1,507,604,000. Linonia Partnership LP purchased a new position in shares of Somnigroup International in the 2nd quarter valued at about $519,372,000. Artisan Partners Limited Partnership purchased a new position in shares of Somnigroup International in the 4th quarter valued at about $274,323,000. Norges Bank acquired a new position in Somnigroup International in the 4th quarter worth about $270,814,000. Finally, Bank of New York Mellon Corp acquired a new position in Somnigroup International in the 2nd quarter worth about $106,681,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Insider Activity

In other news, CEO Scott L. Thompson purchased 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average cost of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the transaction, the chief executive officer owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 3.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Morgan Stanley started coverage on Somnigroup International in a report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price objective on the stock. Zacks Research downgraded Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Piper Sandler reiterated an “overweight” rating and set a $95.00 target price (down from $102.00) on shares of Somnigroup International in a research report on Friday, August 7th. Wall Street Zen cut shares of Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Somnigroup International presently has an average rating of “Moderate Buy” and an average price target of $94.50.

Somnigroup International Trading Up 0.7%

Shares of Somnigroup International stock opened at $64.79 on Tuesday. The firm has a market capitalization of $13.63 billion, a PE ratio of 25.92, a P/E/G ratio of 1.45 and a beta of 1.20. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The firm’s 50-day moving average price is $70.11 and its 200 day moving average price is $74.24. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The company had revenue of $1.82 billion for the quarter. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, sell-side analysts predict that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Somnigroup International’s payout ratio is currently 27.20%.

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.