Public Employees Retirement System of Ohio Purchases New Position in Somnigroup International Inc. $SGI

Public Employees Retirement System of Ohio purchased a new stake in Somnigroup International Inc. (NYSE:SGI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 134,944 shares of the company’s stock, valued at approximately $10,580,000.

Several other large investors have also recently added to or reduced their stakes in SGI. Quantinno Capital Management LP grew its position in Somnigroup International by 27.9% during the 1st quarter. Quantinno Capital Management LP now owns 154,491 shares of the company’s stock worth $11,420,000 after acquiring an additional 33,729 shares during the last quarter. Renaissance Technologies LLC raised its position in Somnigroup International by 193.4% in the 1st quarter. Renaissance Technologies LLC now owns 494,100 shares of the company’s stock valued at $36,524,000 after purchasing an additional 325,700 shares during the last quarter. Argent Capital Management LLC raised its position in Somnigroup International by 51.1% in the 1st quarter. Argent Capital Management LLC now owns 91,161 shares of the company’s stock valued at $6,739,000 after purchasing an additional 30,839 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Somnigroup International by 62.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after purchasing an additional 1,171,485 shares in the last quarter. Finally, Silvant Capital Management LLC acquired a new position in Somnigroup International in the second quarter worth $6,867,000. 99.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SGI. Zacks Research lowered Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Wall Street Zen downgraded shares of Somnigroup International from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. UBS Group decreased their price objective 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. Zelman & Associates assumed coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective for the company. Finally, Truist Financial lowered their price objective on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.50.

Insiders Place Their Bets

In other news, CEO Scott L. Thompson acquired 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the acquisition, the chief executive officer owned 4,123,634 shares in the company, valued at $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.99% of the stock is owned by insiders.

Somnigroup International Stock Up 0.7%

Shares of Somnigroup International stock opened at $64.79 on Tuesday. The business has a fifty day simple moving average of $70.11 and a 200 day simple moving average of $74.24. The stock has a market cap of $13.63 billion, a PE ratio of 25.92, a price-to-earnings-growth 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. Somnigroup International Inc. has a 12 month low of $60.39 and a 12 month high of $98.56.

Somnigroup International (NYSE:SGI) last released its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $1.82 billion for the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Research analysts predict that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Dividend Announcement

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

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.