Zeno Equity Partners LLP Purchases 34,607 Shares of Somnigroup International Inc. $SGI

Zeno Equity Partners LLP increased its position in shares of Somnigroup International Inc. (NYSE:SGI) by 14.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 267,584 shares of the company’s stock after purchasing an additional 34,607 shares during the quarter. Somnigroup International comprises 9.3% of Zeno Equity Partners LLP’s holdings, making the stock its 3rd biggest position. Zeno Equity Partners LLP’s holdings in Somnigroup International were worth $23,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SGI. Allworth Financial LP acquired a new stake in Somnigroup International during the third quarter worth about $32,000. Elyxium Wealth LLC acquired a new stake in Somnigroup International during the fourth quarter worth about $35,000. First Horizon Corp grew its position in Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after buying an additional 224 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Somnigroup International during the fourth quarter worth about $42,000. Finally, Assetmark Inc. grew its position in Somnigroup International by 56.6% during the fourth quarter. Assetmark Inc. now owns 512 shares of the company’s stock worth $46,000 after buying an additional 185 shares in the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings raised Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and decreased their target price for the stock from $90.00 to $88.00 in a research report on Thursday, March 26th. UBS Group decreased their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Stephens reaffirmed an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, Truist Financial lifted their price objective on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.60.

Somnigroup International Trading Up 0.1%

NYSE SGI opened at $66.95 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. The firm’s 50 day moving average is $74.06. The firm has a market capitalization of $14.08 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 1.23 and a beta of 1.25. Somnigroup International Inc. has a 1-year low of $60.39 and a 1-year high of $98.56.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data 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. The company had revenue of $1.80 billion for the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, analysts predict that Somnigroup International Inc. will post 3.2 earnings per share for the current year.

Somnigroup International Dividend Announcement

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

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.