Somnigroup International Inc. $SGI Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in Somnigroup International Inc. (NYSE:SGI) by 193.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 494,100 shares of the company’s stock after acquiring an additional 325,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Somnigroup International were worth $36,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SGI. Core Wealth Advisors LLC acquired a new position in Somnigroup International in the fourth quarter worth $30,000. Allworth Financial LP bought a new stake in Somnigroup International during the third quarter valued at $32,000. Elyxium Wealth LLC acquired a new stake in shares of Somnigroup International during the fourth quarter worth $35,000. First Horizon Corp raised its holdings in shares of 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 purchasing an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Somnigroup International during the fourth quarter worth $42,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SGI shares. Zelman & Associates started coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price target for the company. Morgan Stanley assumed coverage on shares of Somnigroup International in a research note on Monday. They set an “overweight” rating and a $95.00 price objective on the stock. Bank of America cut their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, UBS Group lowered their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.14.

Somnigroup International Stock Performance

Shares of SGI opened at $71.97 on Wednesday. The firm has a fifty day moving average of $72.50 and a 200-day moving average of $78.92. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 1.36 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. 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, 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%. The firm’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. As a group, equities analysts anticipate that Somnigroup International Inc. will post 3.15 earnings per share for the current year.

Somnigroup International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given 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 dividend payout ratio is 27.76%.

Somnigroup International 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.