Ceredex Value Advisors LLC Purchases New Holdings in Somnigroup International Inc. $SGI

Ceredex Value Advisors LLC acquired a new stake in shares of Somnigroup International Inc. (NYSE:SGI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 306,950 shares of the company’s stock, valued at approximately $24,065,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SGI. Vise Technologies Inc. acquired a new position in shares of Somnigroup International in the 2nd quarter valued at approximately $379,000. NewEdge Wealth LLC acquired a new stake in Somnigroup International in the second quarter valued at $202,000. Great Lakes Advisors LLC acquired a new stake in Somnigroup International in the second quarter valued at $309,000. Danske Bank A S bought a new position in Somnigroup International during the 2nd quarter valued at $39,000. Finally, M.D. Sass LLC bought a new position in Somnigroup International during the 2nd quarter valued at $65,563,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Somnigroup International Trading Down 2.8%

Shares of NYSE:SGI opened at $64.14 on Friday. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.48 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. The company has a 50 day moving average price of $71.53 and a 200 day moving average price of $75.77.

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

Somnigroup International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SGI. Zacks Research downgraded shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Truist Financial dropped their price target 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. UBS Group reduced their target price on shares of Somnigroup International from $105.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Weiss Ratings cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen cut shares of Somnigroup International from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $94.50.

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.