Engineers Gate Manager LP Buys 79,121 Shares of Somnigroup International Inc. $SGI

Engineers Gate Manager LP raised its holdings in shares of Somnigroup International Inc. (NYSE:SGI) by 46.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 249,128 shares of the company’s stock after buying an additional 79,121 shares during the quarter. Engineers Gate Manager LP owned about 0.12% of Somnigroup International worth $22,242,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in shares of Somnigroup International during the third quarter worth approximately $269,540,000. Oak Thistle LLC acquired a new position in shares of Somnigroup International during the fourth quarter worth approximately $1,409,000. New Mexico Educational Retirement Board acquired a new position in shares of Somnigroup International during the third quarter worth approximately $3,578,000. Hudson Bay Capital Management LP acquired a new position in shares of Somnigroup International during the third quarter worth approximately $5,585,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Somnigroup International by 6.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock worth $166,373,000 after buying an additional 121,244 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Somnigroup International Stock Performance

Shares of NYSE:SGI opened at $74.10 on Thursday. The business’s fifty day moving average price is $72.64 and its two-hundred day moving average price is $82.27. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56. The stock has a market capitalization of $15.59 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The firm had revenue of $1.80 billion for the quarter. During the same quarter last year, the company earned $0.49 earnings per share. The business’s 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. As a group, analysts predict that Somnigroup International Inc. will post 3.15 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

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