IPG Investment Advisors LLC Acquires 25,600 Shares of Somnigroup International Inc. $SGI

IPG Investment Advisors LLC lifted its holdings in Somnigroup International Inc. (NYSE:SGI) by 43.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 84,236 shares of the company’s stock after acquiring an additional 25,600 shares during the quarter. Somnigroup International accounts for about 1.3% of IPG Investment Advisors LLC’s holdings, making the stock its 19th biggest holding. IPG Investment Advisors LLC’s holdings in Somnigroup International were worth $7,521,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP purchased a new position in shares of Somnigroup International in the third quarter worth $32,000. Elyxium Wealth LLC purchased a new position in shares of Somnigroup International in the fourth quarter worth $35,000. First Horizon Corp increased its stake in shares of Somnigroup International by 93.3% in the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after buying an additional 224 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Somnigroup International in the fourth quarter worth $42,000. Finally, Assetmark Inc. increased its stake in shares of Somnigroup International by 56.6% in the fourth quarter. Assetmark Inc. now owns 512 shares of the company’s stock worth $46,000 after buying an additional 185 shares during the period. 99.86% of the stock is owned by hedge funds and other institutional investors.

Somnigroup International Trading Up 0.7%

Shares of Somnigroup International stock opened at $70.26 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. The firm’s fifty day moving average is $73.59. The stock has a market cap of $14.78 billion, a P/E ratio of 28.68, a P/E/G ratio of 1.28 and a beta of 1.25. Somnigroup International Inc. has a 12-month low of $60.39 and a 12-month high of $98.56.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.80 billion for the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Analysts predict that Somnigroup International Inc. will post 3.2 EPS for the current fiscal year.

Somnigroup International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 21st. Somnigroup International’s payout ratio is presently 27.76%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group decreased their target price on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Stephens reaffirmed an “equal weight” rating and issued a $89.00 target price on shares of Somnigroup International in a research note on Tuesday, April 14th. Weiss Ratings downgraded shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Jefferies Financial Group raised shares of 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. Finally, Truist Financial lifted their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $98.60.

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.