Versor Investments LP Makes New $1.11 Million Investment in Somnigroup International Inc. $SGI

Versor Investments LP purchased a new position in Somnigroup International Inc. (NYSE:SGI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,379 shares of the company’s stock, valued at approximately $1,105,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brown Miller Wealth Management LLC raised its holdings in shares of Somnigroup International by 2.4% in the fourth quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock worth $430,000 after buying an additional 113 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Somnigroup International by 1.0% in the fourth quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock worth $1,061,000 after buying an additional 115 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Somnigroup International by 5.1% in the fourth quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock worth $260,000 after buying an additional 141 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Somnigroup International by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock worth $176,000 after buying an additional 148 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Somnigroup International by 56.6% in the fourth quarter. Assetmark Inc. now owns 512 shares of the company’s stock worth $46,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Price Performance

SGI opened at $65.52 on Wednesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78. The company has a fifty day moving average price of $76.98. Somnigroup International Inc. has a 1 year low of $62.46 and a 1 year high of $98.56. The firm has a market cap of $13.78 billion, a PE ratio of 26.74, a P/E/G ratio of 1.22 and a beta of 1.25.

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

Somnigroup International Announces Dividend

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

Wall Street Analyst Weigh In

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

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.