M.D. Sass LLC Has $47.48 Million Stake in Somnigroup International Inc. $SGI

M.D. Sass LLC increased its holdings in shares of Somnigroup International Inc. (NYSE:SGI) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,354 shares of the company’s stock after buying an additional 56,703 shares during the period. Somnigroup International accounts for about 3.6% of M.D. Sass LLC’s investment portfolio, making the stock its 15th biggest holding. M.D. Sass LLC’s holdings in Somnigroup International were worth $47,483,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Brown Miller Wealth Management LLC boosted its stake in Somnigroup International by 2.4% in the fourth quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock valued at $430,000 after acquiring an additional 113 shares during the last quarter. HB Wealth Management LLC grew its holdings in Somnigroup International by 1.0% during the 4th quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock worth $1,061,000 after acquiring an additional 115 shares during the period. Sanctuary Advisors LLC raised its position 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 valued at $260,000 after acquiring an additional 141 shares during the last quarter. PNC Financial Services Group Inc. raised its position 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 valued at $975,000 after acquiring an additional 142 shares during the last quarter. Finally, 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 acquiring an additional 148 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SGI. Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and reduced their price target for the stock from $90.00 to $88.00 in a research report on Thursday, March 26th. Zelman & Associates started coverage on Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 target price on the stock. UBS Group reduced their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Bank of America decreased their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Weiss Ratings cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.67.

Somnigroup International Stock Performance

Shares of SGI stock opened at $68.95 on Friday. 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 market capitalization of $14.50 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.30 and a beta of 1.19. The company’s 50 day moving average price is $71.90 and its two-hundred day moving average price is $79.30. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 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 for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm 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 business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, analysts expect that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, May 21st. Somnigroup International’s payout ratio is currently 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.