437,068 Shares in Tempur Sealy International Inc (NYSE:TPX) Bought by Wedge Capital Management L L P NC

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Wedge Capital Management L L P NC purchased a new position in shares of Tempur Sealy International Inc (NYSE:TPX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 437,068 shares of the company’s stock, valued at approximately $33,742,000.

A number of other institutional investors have also made changes to their positions in TPX. Nuveen Asset Management LLC purchased a new stake in Tempur Sealy International during the 2nd quarter worth $91,449,000. Point72 Asset Management L.P. boosted its position in Tempur Sealy International by 2,102.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 750,696 shares of the company’s stock worth $55,079,000 after purchasing an additional 716,605 shares during the period. Balyasny Asset Management LLC boosted its position in Tempur Sealy International by 153.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 647,311 shares of the company’s stock worth $47,493,000 after purchasing an additional 392,137 shares during the period. Picton Mahoney Asset Management purchased a new stake in Tempur Sealy International during the 2nd quarter worth $12,696,000. Finally, Columbus Circle Investors purchased a new stake in Tempur Sealy International during the 2nd quarter worth $11,583,000.

NYSE:TPX traded down $0.23 on Wednesday, reaching $85.76. The stock had a trading volume of 1,207,303 shares, compared to its average volume of 899,103. The company has a current ratio of 1.13, a quick ratio of 0.81 and a debt-to-equity ratio of 5.04. The company has a 50-day moving average of $79.17 and a 200 day moving average of $73.34. The stock has a market cap of $4.90 billion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 0.68 and a beta of 1.72. Tempur Sealy International Inc has a 12-month low of $38.90 and a 12-month high of $92.33.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.16. The company had revenue of $821.00 million during the quarter, compared to analysts’ expectations of $797.24 million. Tempur Sealy International had a net margin of 5.35% and a return on equity of 70.52%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 EPS. On average, equities analysts predict that Tempur Sealy International Inc will post 3.74 EPS for the current year.

In other news, Director Evelyn S. Dilsaver sold 408 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $75.96, for a total transaction of $30,991.68. Following the transaction, the director now owns 25,435 shares of the company’s stock, valued at $1,932,042.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard W. Anderson sold 15,709 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $76.74, for a total transaction of $1,205,508.66. Following the transaction, the executive vice president now directly owns 56,673 shares in the company, valued at approximately $4,349,086.02. The disclosure for this sale can be found here. Insiders have sold 4,701,086 shares of company stock worth $403,241,698 in the last ninety days. Corporate insiders own 3.23% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Sunday. KeyCorp set a $105.00 price objective on shares of Tempur Sealy International and gave the company a “buy” rating in a research report on Friday, November 1st. ValuEngine raised shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Piper Jaffray Companies set a $112.00 price objective on shares of Tempur Sealy International and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Raymond James set a $105.00 price objective on shares of Tempur Sealy International and gave the company a “buy” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $91.17.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.

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Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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