New Mexico Educational Retirement Board Takes $3.58 Million Position in Somnigroup International Inc. $SGI

New Mexico Educational Retirement Board acquired a new stake in Somnigroup International Inc. (NYSE:SGI) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 42,424 shares of the company’s stock, valued at approximately $3,578,000.

Other hedge funds have also recently bought and sold shares of the company. Hudson Bay Capital Management LP bought a new position in Somnigroup International in the third quarter valued at approximately $5,585,000. Allworth Financial LP acquired a new position in shares of Somnigroup International in the third quarter valued at approximately $32,000. Finally, Swiss Life Asset Management Ltd increased its position in shares of Somnigroup International by 85.1% during the third quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock worth $764,000 after acquiring an additional 4,168 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Somnigroup International Stock Down 1.9%

NYSE SGI opened at $74.15 on Friday. The firm has a 50 day simple moving average of $88.89. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $15.60 billion, a P/E ratio of 41.42, a PEG ratio of 0.97 and a beta of 1.28. Somnigroup International Inc. has a 12-month low of $53.10 and a 12-month high of $98.56.

Somnigroup International (NYSE:SGI) last announced its earnings results on Tuesday, February 17th. The company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $1.87 billion during the quarter. Somnigroup International had a net margin of 5.14% and a return on equity of 19.36%. The business’s revenue for the quarter was up 54.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 5th. Somnigroup International’s dividend payout ratio is currently 37.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SGI. Weiss Ratings restated a “hold (c)” rating on shares of Somnigroup International in a report on Monday, December 29th. Stephens began coverage on Somnigroup International in a report on Tuesday, February 10th. They set an “equal weight” rating and a $89.00 target price for the company. Wall Street Zen raised Somnigroup International from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Truist Financial boosted their price target on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, Zacks Research cut Somnigroup International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Somnigroup International has an average rating of “Hold” and an average target price of $106.33.

Somnigroup International Company 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.