Somnigroup International Inc. $SGI Shares Sold by Boston Partners

Boston Partners reduced its position in shares of Somnigroup International Inc. (NYSE:SGI) by 22.6% during the fourth quarter, HoldingsChannel reports. The firm owned 3,974,443 shares of the company’s stock after selling 1,161,952 shares during the quarter. Boston Partners’ holdings in Somnigroup International were worth $354,884,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Core Wealth Advisors LLC acquired a new position in shares of Somnigroup International during the fourth quarter worth $30,000. Allworth Financial LP acquired a new position in shares of Somnigroup International in the 3rd quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new position in shares of Somnigroup International in the 4th quarter valued at approximately $35,000. First Horizon Corp raised its position in shares of Somnigroup International by 93.3% in the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after purchasing an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Somnigroup International in the 4th quarter valued at approximately $42,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Stephens reaffirmed an “equal weight” rating and issued a $89.00 target price on shares of Somnigroup International in a research report on Tuesday, April 14th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and cut their target price for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. UBS Group cut their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Bank of America cut their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.60.

Somnigroup International Stock Down 0.3%

Shares of NYSE SGI opened at $72.14 on Friday. The company’s 50 day moving average price is $72.57. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56. The firm has a market capitalization of $15.17 billion, a PE ratio of 29.44, a P/E/G ratio of 1.35 and a beta of 1.21. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) 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 for the quarter. During the same quarter in the previous year, the company earned $0.49 EPS. The company’s quarterly revenue 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. On average, analysts anticipate that Somnigroup International Inc. will post 3.15 EPS for the current year.

Somnigroup International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.68 annualized dividend and a yield of 0.9%. Somnigroup International’s dividend payout ratio is presently 27.76%.

Somnigroup International 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.