Wellington Management Group LLP Reduces Stock Position in Somnigroup International Inc. $SGI

Wellington Management Group LLP reduced its stake in Somnigroup International Inc. (NYSE:SGI) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,731,286 shares of the company’s stock after selling 53,361 shares during the period. Wellington Management Group LLP owned approximately 0.82% of Somnigroup International worth $135,733,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Archer Investment Corp bought a new stake in shares of Somnigroup International during the 2nd quarter valued at $159,000. RIHO Partners LLC purchased a new position in Somnigroup International during the 2nd quarter valued at about $14,690,000. Empowered Funds LLC purchased a new position in Somnigroup International during the 2nd quarter valued at about $5,861,000. United Capital Financial Advisors LLC bought a new stake in shares of Somnigroup International during the second quarter valued at about $367,000. Finally, Glazer Capital LLC bought a new stake in shares of Somnigroup International during the second quarter valued at about $1,141,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and issued a $95.00 price target (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. Morgan Stanley assumed coverage on shares of Somnigroup International in a research note on Monday, July 27th. They set an “overweight” rating and a $95.00 price objective for the company. Zelman & Associates assumed coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. Finally, Zacks Research downgraded shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.50.

Somnigroup International Stock Performance

NYSE:SGI opened at $64.79 on Tuesday. The stock has a market cap of $13.63 billion, a P/E ratio of 25.92, a PEG ratio of 1.45 and a beta of 1.20. 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 business’s 50-day moving average price is $70.11 and its two-hundred day moving average price is $74.24. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting 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 during the quarter. During the same period in the previous year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities analysts predict that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

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

Insider Buying and Selling at Somnigroup International

In related news, CEO Scott L. Thompson acquired 30,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was bought at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the acquisition, the chief executive officer owned 4,123,634 shares of the company’s stock, valued at approximately $259,129,160.56. The trade was a 0.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.99% of the company’s stock.

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.