Scott Thompson Buys 30,000 Shares of Somnigroup International (NYSE:SGI) Stock

Somnigroup International Inc. (NYSE:SGI) CEO Scott Thompson acquired 30,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was acquired at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the purchase, the chief executive officer directly owned 4,123,634 shares in the company, valued at $259,129,160.56. This represents a 0.73% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Somnigroup International Trading Down 0.7%

NYSE:SGI traded down $0.42 during trading hours on Thursday, reaching $62.41. The company’s stock had a trading volume of 6,089,613 shares, compared to its average volume of 2,670,865. 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 firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.44 and a beta of 1.20. The firm has a 50-day simple moving average of $70.75 and a 200-day simple moving average of $74.94. Somnigroup International Inc. has a 1 year low of $60.39 and a 1 year high of $98.56.

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 net margin of 7.00% and a return on equity of 19.32%. The business had revenue of $1.82 billion during the quarter. During the same quarter in the previous year, the company earned $0.53 earnings per share. The business’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. Research analysts expect that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Announces Dividend

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 paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International’s payout ratio is 27.20%.

Wall Street Analysts Forecast Growth

SGI has been the topic of several recent research reports. Wall Street Zen lowered Somnigroup International from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Truist Financial dropped their price objective on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Zacks Research cut shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. UBS Group cut their target price on shares of Somnigroup International from $105.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Zelman & Associates initiated coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.50.

Institutional Trading of Somnigroup International

Several large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Somnigroup International during the 2nd quarter valued at about $1,507,604,000. California State Teachers Retirement System lifted its holdings in Somnigroup International by 7,702.3% in the 2nd quarter. California State Teachers Retirement System now owns 18,088,526 shares of the company’s stock worth $1,418,140,000 after buying an additional 17,856,689 shares during the period. Linonia Partnership LP purchased a new stake in Somnigroup International in the 2nd quarter worth approximately $519,372,000. Artisan Partners Limited Partnership bought a new stake in shares of Somnigroup International in the 4th quarter worth approximately $274,323,000. Finally, Norges Bank bought a new stake in shares of Somnigroup International in the 4th quarter worth approximately $270,814,000. 99.86% of the stock is owned by institutional investors.

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.