Moran Wealth Management LLC Reduces Stock Holdings in Somnigroup International Inc. $SGI

Moran Wealth Management LLC reduced its position in Somnigroup International Inc. (NYSE:SGI) by 21.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,202 shares of the company’s stock after selling 18,016 shares during the quarter. Moran Wealth Management LLC’s holdings in Somnigroup International were worth $4,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Artisan Partners Limited Partnership bought a new position in Somnigroup International during the fourth quarter worth about $274,323,000. Norges Bank bought a new stake in shares of Somnigroup International in the fourth quarter valued at approximately $270,814,000. Squarepoint Ops LLC lifted its stake in shares of Somnigroup International by 125.4% during the 4th quarter. Squarepoint Ops LLC now owns 1,232,152 shares of the company’s stock valued at $110,007,000 after buying an additional 685,420 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Somnigroup International during the 4th quarter valued at approximately $52,804,000. Finally, Greenstone Partners & Co. LLC bought a new position in Somnigroup International in the 4th quarter worth approximately $46,941,000. 99.86% of the stock is currently owned by institutional investors.

Somnigroup International Stock Performance

NYSE:SGI opened at $78.45 on Friday. The firm has a market cap of $16.50 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19. 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 business has a 50 day moving average price of $71.92 and a 200-day moving average price of $81.07. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.80 billion for the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. Somnigroup International’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Equities research analysts predict that Somnigroup International Inc. will post 3.15 earnings per share for the current year.

Somnigroup International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a $0.17 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.68 annualized dividend and a yield of 0.9%. Somnigroup International’s payout ratio is 27.76%.

Analysts Set New Price Targets

SGI has been the subject of a number of recent research reports. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group dropped 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 restated an “equal weight” rating and issued a $89.00 target price on shares of Somnigroup International in a research note on Tuesday, April 14th. Jefferies Financial Group upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating and reduced their price target for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Finally, Bank of America decreased their price objective on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $98.67.

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.