Oppenheimer Asset Management Inc. Purchases Shares of 140,964 Somnigroup International Inc. $SGI

Oppenheimer Asset Management Inc. purchased a new position in Somnigroup International Inc. (NYSE:SGI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 140,964 shares of the company’s stock, valued at approximately $11,052,000.

A number of other large investors have also modified their holdings of SGI. Harbor Investment Advisory LLC acquired a new position in shares of Somnigroup International during the second quarter valued at about $85,000. Argent Capital Management LLC raised its position in shares of Somnigroup International by 51.1% in the 1st quarter. Argent Capital Management LLC now owns 91,161 shares of the company’s stock valued at $6,739,000 after purchasing an additional 30,839 shares during the last quarter. RIHO Partners LLC boosted its stake in Somnigroup International by 13.3% in the 1st quarter. RIHO Partners LLC now owns 164,099 shares of the company’s stock worth $12,130,000 after purchasing an additional 19,316 shares in the last quarter. Amundi boosted its stake in Somnigroup International by 60.4% in the 1st quarter. Amundi now owns 19,475 shares of the company’s stock worth $1,440,000 after purchasing an additional 7,330 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Somnigroup International by 1.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 34,911 shares of the company’s stock worth $2,581,000 after purchasing an additional 569 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Down 0.4%

Shares of SGI opened at $66.08 on Friday. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.49 and a beta of 1.20. The stock’s 50-day moving average price is $71.95 and its 200-day moving average price is $76.58.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $1.82 billion during the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The firm’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, sell-side analysts predict that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is presently 27.20%.

Analyst Upgrades and Downgrades

SGI has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Wall Street Zen lowered shares of Somnigroup International from a “hold” rating to a “sell” rating in a report on Saturday. Zelman & Associates initiated coverage on Somnigroup International in a research report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 target price on the stock. Finally, Morgan Stanley initiated coverage on Somnigroup International in a research note on Monday, July 27th. They issued an “overweight” rating and a $95.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Somnigroup International currently has a consensus rating of “Moderate Buy” and an average target price of $94.50.

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.