Engineers Gate Manager LP Acquires 79,121 Shares of Somnigroup International Inc. $SGI

Engineers Gate Manager LP lifted its holdings in shares of Somnigroup International Inc. (NYSE:SGI) by 46.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 249,128 shares of the company’s stock after purchasing an additional 79,121 shares during the period. Engineers Gate Manager LP’s holdings in Somnigroup International were worth $22,242,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SGI. Core Wealth Advisors LLC bought a new stake in shares of Somnigroup International during the fourth quarter worth $30,000. Allworth Financial LP bought a new stake in shares of Somnigroup International during the third quarter worth $32,000. Elyxium Wealth LLC bought a new stake in shares of Somnigroup International during the fourth quarter worth $35,000. First Horizon Corp grew its holdings in shares of Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after purchasing an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Somnigroup International during the fourth quarter worth $42,000. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Price Performance

Somnigroup International stock opened at $74.10 on Thursday. The business’s 50-day simple moving average is $72.64 and its 200 day simple moving average is $82.27. The stock has a market cap of $15.59 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 1.40 and a beta of 1.21. Somnigroup International Inc. has a 12-month low of $60.39 and a 12-month high of $98.56. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The business had revenue of $1.80 billion for the quarter. During the same quarter in the prior year, the business earned $0.49 EPS. Somnigroup International’s revenue was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, research analysts anticipate that Somnigroup International Inc. will post 3.15 earnings per share for the current year.

Somnigroup International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 annualized dividend and a yield of 0.9%. Somnigroup International’s dividend payout ratio is presently 27.76%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and decreased their price target for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Weiss Ratings cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Truist Financial raised their price target on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 5th. UBS Group decreased their price target on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Stephens reiterated an “equal weight” rating and issued a $89.00 price target on shares of Somnigroup International in a report on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Somnigroup International has an average rating of “Moderate Buy” and an average price target of $98.60.

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.