Somnigroup International Inc. $SGI Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in Somnigroup International Inc. (NYSE:SGI) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,813,858 shares of the company’s stock after selling 172,785 shares during the quarter. Vanguard Group Inc. owned 0.09% of Somnigroup International worth $1,679,701,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SGI. Allworth Financial LP acquired a new position in Somnigroup International in the 3rd quarter worth about $32,000. First Horizon Corp raised its holdings in Somnigroup International by 93.3% in the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after purchasing an additional 224 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Somnigroup International during the fourth quarter valued at approximately $42,000. Assetmark Inc. raised its holdings in shares of Somnigroup International by 56.6% during the fourth quarter. Assetmark Inc. now owns 512 shares of the company’s stock valued at $46,000 after acquiring an additional 185 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Somnigroup International by 15.5% during the fourth quarter. CWM LLC now owns 1,858 shares of the company’s stock valued at $166,000 after acquiring an additional 249 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on SGI shares. Truist Financial increased their target price on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and reduced their target price for the company from $90.00 to $88.00 in a report on Thursday, March 26th. UBS Group reduced their target price on Somnigroup International from $115.00 to $110.00 and set a “buy” rating for the company in a report on Thursday. Stephens reissued an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, Bank of America reduced their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.60.

Somnigroup International Price Performance

SGI stock opened at $75.86 on Friday. 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 50 day moving average of $79.15. The stock has a market capitalization of $15.96 billion, a price-to-earnings ratio of 42.38, a PEG ratio of 1.17 and a beta of 1.33. Somnigroup International Inc. has a 1 year low of $56.15 and a 1 year high of $98.56.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. The business had revenue of $1.87 billion during the quarter. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.Somnigroup International’s revenue for the quarter was up 54.7% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, equities research analysts expect that Somnigroup International Inc. will post 3.25 EPS for the current year.

Somnigroup International Dividend Announcement

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

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.