Somnigroup International Inc. $SGI Shares Sold by UBS Group AG

UBS Group AG lessened its holdings in Somnigroup International Inc. (NYSE:SGI) by 29.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,777,747 shares of the company’s stock after selling 745,643 shares during the period. UBS Group AG’s holdings in Somnigroup International were worth $158,717,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Allworth Financial LP acquired a new position in shares of Somnigroup International in the 3rd quarter valued at $32,000. First Horizon Corp lifted its stake 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Somnigroup International in the 4th quarter valued at $42,000. Assetmark Inc. lifted its stake in shares of Somnigroup International by 56.6% in the 4th quarter. Assetmark Inc. now owns 512 shares of the company’s stock valued at $46,000 after purchasing an additional 185 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Somnigroup International by 15.5% in the 4th quarter. CWM LLC now owns 1,858 shares of the company’s stock valued at $166,000 after purchasing an additional 249 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Trading Up 0.9%

SGI opened at $75.86 on Friday. The business’s 50-day moving average price is $79.15. Somnigroup International Inc. has a 12-month low of $56.15 and a 12-month high of $98.56. The company has a current ratio of 0.83, a quick ratio of 0.42 and a debt-to-equity ratio of 1.47. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.33.

Somnigroup International (NYSE:SGI) last posted its earnings results on Tuesday, February 17th. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.The firm had revenue of $1.87 billion for the quarter. During the same period in the previous year, the company posted $0.60 EPS. Somnigroup International’s revenue was up 54.7% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, research analysts forecast that Somnigroup International Inc. will post 3.25 earnings per share for the current year.

Somnigroup International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $0.68 annualized dividend and a yield of 0.9%. Somnigroup International’s dividend payout ratio is presently 37.99%.

Analysts Set New Price Targets

Several brokerages have recently commented on SGI. Stephens reaffirmed an “equal weight” rating and issued a $89.00 price target on shares of Somnigroup International in a research note on Tuesday, April 14th. UBS Group decreased their price target on Somnigroup International from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and decreased their target price for the stock from $90.00 to $88.00 in a research note on Thursday, March 26th. Bank of America decreased their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Zacks Research lowered Somnigroup International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Somnigroup International presently has an average rating of “Moderate Buy” and an average price target of $99.60.

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.