Mitsubishi UFJ Trust & Banking Corp Buys Shares of 7,243 Somnigroup International Inc. $SGI

Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Somnigroup International Inc. (NYSE:SGI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,243 shares of the company’s stock, valued at approximately $647,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SGI. JPMorgan Chase & Co. purchased a new position in shares of Somnigroup International during the third quarter worth about $269,540,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Somnigroup International by 6.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock worth $166,373,000 after purchasing an additional 121,244 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Somnigroup International during the third quarter worth about $5,585,000. SG Americas Securities LLC grew its holdings in shares of Somnigroup International by 134.5% during the fourth quarter. SG Americas Securities LLC now owns 84,144 shares of the company’s stock worth $7,512,000 after purchasing an additional 48,257 shares in the last quarter. Finally, New Mexico Educational Retirement Board purchased a new position in shares of Somnigroup International during the third quarter worth about $3,578,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Price Performance

NYSE:SGI opened at $74.52 on Wednesday. The stock has a 50 day moving average price of $78.82. The company has a market cap of $15.67 billion, a P/E ratio of 41.63, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25. Somnigroup International Inc. has a 1-year low of $56.15 and a 1-year high of $98.56. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.47.

Somnigroup International (NYSE:SGI) last released its earnings results on Tuesday, February 17th. The company reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $1.87 billion during the quarter. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.The business’s quarterly revenue was up 54.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, sell-side analysts anticipate that Somnigroup International Inc. will post 3.25 EPS for the current year.

Somnigroup International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SGI shares. UBS Group cut their price objective on Somnigroup International from $115.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Truist Financial boosted their price objective on Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Bank of America cut their price objective on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Stephens reissued an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, Zacks Research downgraded Somnigroup International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.60.

About Somnigroup International

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.