State of Wyoming Boosts Holdings in Somnigroup International Inc. $SGI

State of Wyoming lifted its position in shares of Somnigroup International Inc. (NYSE:SGI) by 593.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,941 shares of the company’s stock after buying an additional 12,787 shares during the quarter. State of Wyoming’s holdings in Somnigroup International were worth $1,334,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. CIBC Asset Management Inc boosted its position in shares of Somnigroup International by 21.0% in the fourth quarter. CIBC Asset Management Inc now owns 6,467 shares of the company’s stock worth $577,000 after acquiring an additional 1,124 shares during the last quarter. M.D. Sass LLC boosted its position in shares of Somnigroup International by 0.7% in the fourth quarter. M.D. Sass LLC now owns 585,651 shares of the company’s stock worth $52,287,000 after acquiring an additional 3,912 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Somnigroup International by 1.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,258,002 shares of the company’s stock worth $112,314,000 after acquiring an additional 16,104 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Somnigroup International by 12.3% in the fourth quarter. Natixis Advisors LLC now owns 459,163 shares of the company’s stock worth $40,994,000 after acquiring an additional 50,275 shares during the last quarter. Finally, AXQ Capital LP acquired a new stake in shares of Somnigroup International in the fourth quarter worth approximately $982,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SGI. Stephens reaffirmed an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a research report on Tuesday, April 14th. UBS Group reduced their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Truist Financial lifted their price target on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Weiss Ratings cut shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and reduced their price target for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.60.

Somnigroup International Trading Down 0.8%

NYSE SGI opened at $67.43 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. The stock’s fifty day moving average price is $73.01. The firm has a market capitalization of $14.18 billion, a PE ratio of 27.52, a P/E/G ratio of 1.25 and a beta of 1.21. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The business had revenue of $1.80 billion during the quarter. During the same quarter last year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, research analysts expect that Somnigroup International Inc. will post 3.2 EPS for the current fiscal year.

Somnigroup International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.68 annualized dividend and a yield of 1.0%. Somnigroup International’s payout ratio is presently 27.76%.

About Somnigroup International

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.