VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 21,950 Somnigroup International Inc. $SGI

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Somnigroup International Inc. (NYSE:SGI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,950 shares of the company’s stock, valued at approximately $1,721,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Core Wealth Advisors LLC purchased a new stake in Somnigroup International during the 4th quarter worth $30,000. Allworth Financial LP purchased a new position in Somnigroup International in the 3rd quarter valued at about $32,000. Elyxium Wealth LLC acquired a new stake in shares of Somnigroup International during the fourth quarter valued at about $35,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Somnigroup International during the fourth quarter valued at about $42,000. Finally, Danske Bank A S acquired a new stake in shares of Somnigroup International during the second quarter valued at about $39,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Somnigroup International Trading Up 0.9%

Shares of NYSE SGI opened at $66.71 on Friday. Somnigroup International Inc. has a 12-month low of $60.39 and a 12-month high of $98.56. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.08 and a beta of 1.19. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. The stock’s 50 day simple moving average is $68.36 and its 200 day simple moving average is $72.82.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The business had revenue of $1.82 billion during the quarter. During the same period last year, the company earned $0.53 earnings per share. The business’s quarterly revenue 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. Equities research analysts expect that Somnigroup International Inc. will post 3.11 EPS for the current year.

Somnigroup International Dividend Announcement

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

SGI has been the topic of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $100.00 price target (up from $95.00) on shares of Somnigroup International in a research note on Thursday, September 3rd. Zelman & Associates started coverage on Somnigroup International in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price objective for the company. Morgan Stanley started coverage on Somnigroup International in a report on Monday, July 27th. They set an “overweight” rating and a $95.00 price objective on the stock. Wall Street Zen raised Somnigroup International from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, Zacks Research upgraded Somnigroup International from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.12.

About Somnigroup International

Somnigroup International Inc is a global sleep products company that designs, manufactures, distributes and sells mattresses, pillows, adjustable bases, foundations and other bedding products. The company serves consumers through a combination of wholesale, direct-to-consumer and retail channels, including company-operated and franchised retail locations.

Somnigroup’s portfolio includes well-known brands such as Tempur-Pedic, Sealy, Stearns & Foster and Cocoon by Sealy. Following its combination with Mattress Firm, the company also operates one of the largest mattress specialty retail platforms in North America, offering products from its own brands as well as other manufacturers.

The company traces its roots to Tempur Sealy International, which was formed through the combination of Tempur-Pedic and Sealy.