Tectonic Advisors LLC Takes $5.23 Million Position in Tempur Sealy International, Inc. (NYSE:TPX)

Tectonic Advisors LLC purchased a new stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 92,244 shares of the company’s stock, valued at approximately $5,229,000. Tectonic Advisors LLC owned 0.05% of Tempur Sealy International as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after acquiring an additional 413 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Tempur Sealy International in the third quarter valued at $27,000. Versant Capital Management Inc raised its holdings in shares of Tempur Sealy International by 365.2% in the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after buying an additional 482 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Tempur Sealy International during the third quarter worth about $48,000. Finally, Farther Finance Advisors LLC grew its position in Tempur Sealy International by 38.1% during the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock worth $82,000 after buying an additional 416 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Trading Down 3.2 %

TPX opened at $64.81 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 2.02 and a beta of 1.64. Tempur Sealy International, Inc. has a twelve month low of $45.04 and a twelve month high of $68.53. The company has a 50-day simple moving average of $57.51 and a 200 day simple moving average of $53.67.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned $0.77 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts predict that Tempur Sealy International, Inc. will post 2.52 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.13 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.80%. Tempur Sealy International’s dividend payout ratio is presently 23.74%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TPX shares. William Blair raised shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Bank of America boosted their target price on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Raymond James lowered their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. Truist Financial upped their price target on shares of Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, KeyCorp increased their target price on shares of Tempur Sealy International from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $70.75.

About Tempur Sealy International

Tempur Sealy 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.