Intech Investment Management LLC Buys 31,989 Shares of Somnigroup International Inc. $SGI

Intech Investment Management LLC increased its stake in Somnigroup International Inc. (NYSE:SGI) by 172.6% during the 4th quarter, Holdings Channel reports. The firm owned 50,519 shares of the company’s stock after purchasing an additional 31,989 shares during the quarter. Intech Investment Management LLC’s holdings in Somnigroup International were worth $4,510,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SGI. JPMorgan Chase & Co. bought a new stake in Somnigroup International in the 3rd quarter worth approximately $269,540,000. Geode Capital Management LLC lifted its position in Somnigroup International by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock worth $390,699,000 after buying an additional 371,234 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Somnigroup International by 6.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock worth $166,373,000 after buying an additional 121,244 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in Somnigroup International in the 3rd quarter worth approximately $5,585,000. Finally, Horizon Investments LLC lifted its position in Somnigroup International by 2,046,900.0% in the 4th quarter. Horizon Investments LLC now owns 61,410 shares of the company’s stock worth $5,483,000 after buying an additional 61,407 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Performance

Shares of SGI stock opened at $70.76 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56. The company has a 50 day moving average of $73.37. The company has a market capitalization of $14.88 billion, a P/E ratio of 28.88, a P/E/G ratio of 1.30 and a beta of 1.21.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The firm had revenue of $1.80 billion during the quarter. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, equities analysts predict that Somnigroup International Inc. will post 3.2 earnings per share for the current year.

Somnigroup International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a $0.17 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.68 annualized dividend and a yield of 1.0%. Somnigroup International’s payout ratio is presently 27.76%.

Wall Street Analyst Weigh In

SGI has been the subject of a number of recent research reports. Stephens restated an “equal weight” rating and issued a $89.00 target price on shares of Somnigroup International in a research report on Tuesday, April 14th. Bank of America dropped 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. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and dropped their target price for the stock from $90.00 to $88.00 in a research report on Thursday, March 26th. Finally, UBS Group dropped their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.60.

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.