Silvant Capital Management LLC Takes $3.65 Million Position in Somnigroup International Inc. $SGI

Silvant Capital Management LLC bought a new stake in shares of Somnigroup International Inc. (NYSE:SGI) in the fourth quarter, Holdings Channel reports. The institutional investor bought 40,837 shares of the company’s stock, valued at approximately $3,646,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SGI. JPMorgan Chase & Co. bought a new position in shares of Somnigroup International during the 3rd quarter valued at approximately $269,540,000. Norges Bank bought a new position in shares of Somnigroup International during the 4th quarter valued at approximately $270,814,000. Squarepoint Ops LLC boosted its position in shares of Somnigroup International by 125.4% during the 4th quarter. Squarepoint Ops LLC now owns 1,232,152 shares of the company’s stock valued at $110,007,000 after acquiring an additional 685,420 shares during the last quarter. Clearbridge Investments LLC bought a new position in shares of Somnigroup International during the 4th quarter valued at approximately $42,611,000. Finally, Marshall Wace LLP boosted its position in shares of Somnigroup International by 163.3% during the 4th quarter. Marshall Wace LLP now owns 751,759 shares of the company’s stock valued at $67,117,000 after acquiring an additional 466,260 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Somnigroup International Stock Up 2.8%

Shares of SGI opened at $74.27 on Tuesday. The company has a market capitalization of $15.62 billion, a P/E ratio of 30.32, a PEG ratio of 1.34 and a beta of 1.21. The stock has a fifty day moving average of $72.60. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56. 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 (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. The company had revenue of $1.80 billion during the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, research analysts anticipate that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a $0.17 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. Somnigroup International’s dividend payout ratio (DPR) is currently 27.76%.

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.