Wolf Hill Capital Management LP Acquires New Position in Somnigroup International Inc. $SGI

Wolf Hill Capital Management LP acquired a new position in shares of Somnigroup International Inc. (NYSE:SGI) in the 2nd quarter, HoldingsChannel reports. The firm acquired 650,000 shares of the company’s stock, valued at approximately $50,960,000,000. Somnigroup International accounts for about 4.3% of Wolf Hill Capital Management LP’s portfolio, making the stock its 10th biggest position.

A number of other institutional investors also recently bought and sold shares of the company. HB Wealth Management LLC boosted its holdings in Somnigroup International by 1.0% in the 4th quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock valued at $1,061,000 after purchasing an additional 115 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Somnigroup International by 5.1% during the 4th 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. PNC Financial Services Group Inc. increased its holdings in shares of Somnigroup International by 1.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock worth $975,000 after buying an additional 142 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Somnigroup International by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock valued at $176,000 after buying an additional 148 shares during the period. Finally, Platform Technology Partners raised its position in shares of Somnigroup International by 5.9% during the 1st quarter. Platform Technology Partners now owns 2,770 shares of the company’s stock valued at $205,000 after buying an additional 155 shares during the period. 99.86% of the stock is owned by hedge funds and other institutional investors.

Somnigroup International Price Performance

Somnigroup International stock opened at $64.42 on Tuesday. The company’s 50 day simple moving average is $71.19 and its 200-day simple moving average is $75.38. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 1.45 and a beta of 1.20. Somnigroup International Inc. has a 1 year low of $60.39 and a 1 year high of $98.56. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The firm had revenue of $1.82 billion during the quarter. During the same period in the previous year, the business posted $0.53 EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities research analysts expect that Somnigroup International Inc. will post 3.02 earnings per share for the current year.

Somnigroup International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, August 20th. Somnigroup International’s dividend payout ratio is 27.20%.

Analyst Ratings Changes

SGI has been the topic of a number of recent analyst reports. Morgan Stanley began coverage on Somnigroup International in a report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price objective on the stock. Truist Financial reduced their target price on Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Zelman & Associates initiated coverage on Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price target on the stock. Wall Street Zen lowered Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Zacks Research cut Somnigroup International from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Somnigroup International currently has an average rating of “Moderate Buy” and an average price target of $94.50.

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.