Moran Wealth Management LLC Sells 18,016 Shares of Somnigroup International Inc. $SGI

Moran Wealth Management LLC lowered its holdings in shares of Somnigroup International Inc. (NYSE:SGI) by 21.1% during the 1st quarter, HoldingsChannel reports. The fund owned 67,202 shares of the company’s stock after selling 18,016 shares during the period. Moran Wealth Management LLC’s holdings in Somnigroup International were worth $4,968,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Artisan Partners Limited Partnership purchased a new stake in Somnigroup International during the 4th quarter valued at about $274,323,000. Norges Bank purchased a new stake in shares of Somnigroup International during the 4th quarter valued at about $270,814,000. Squarepoint Ops LLC grew its stake in shares of Somnigroup International by 125.4% in the fourth quarter. Squarepoint Ops LLC now owns 1,232,152 shares of the company’s stock worth $110,007,000 after acquiring an additional 685,420 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of Somnigroup International in the fourth quarter worth approximately $52,804,000. Finally, Greenstone Partners & Co. LLC purchased a new position in shares of Somnigroup International during the fourth quarter valued at approximately $46,941,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Somnigroup International Stock Performance

Shares of SGI opened at $78.45 on Friday. The business has a 50-day simple moving average of $71.92 and a two-hundred day simple moving average of $81.07. 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 52 week low of $60.39 and a 52 week high of $98.56. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 1.46 and a beta of 1.19.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $1.80 billion for the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, analysts expect 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. Stockholders of record on Thursday, May 21st were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. Somnigroup International’s dividend payout ratio is 27.76%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SGI shares. Weiss Ratings downgraded shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Bank of America decreased their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and lowered their price target for the company from $90.00 to $88.00 in a report on Thursday, March 26th. UBS Group dropped their price target on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.67.

About Somnigroup International

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.