New Age Alpha Advisors LLC Buys 11,237 Shares of Somnigroup International Inc. $SGI

New Age Alpha Advisors LLC raised its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 42.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,597 shares of the company’s stock after purchasing an additional 11,237 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Somnigroup International were worth $3,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Catalyst Funds Management Pty Ltd bought a new stake in Somnigroup International during the fourth quarter valued at approximately $1,607,000. Lisanti Capital Growth LLC lifted its position in Somnigroup International by 65.9% during the fourth quarter. Lisanti Capital Growth LLC now owns 24,785 shares of the company’s stock valued at $2,213,000 after purchasing an additional 9,845 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in Somnigroup International during the fourth quarter valued at approximately $606,000. MQS Management LLC bought a new stake in Somnigroup International during the fourth quarter valued at approximately $429,000. Finally, Axxcess Wealth Management LLC lifted its position in Somnigroup International by 101.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 16,554 shares of the company’s stock valued at $1,478,000 after purchasing an additional 8,343 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

Somnigroup International Stock Performance

Shares of Somnigroup International stock opened at $66.95 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56. The company has a market capitalization of $14.08 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.23 and a beta of 1.25. The business has a 50 day moving average price of $73.87.

Somnigroup International (NYSE:SGI) last issued its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm had revenue of $1.80 billion for the quarter. During the same quarter in the prior year, the business posted $0.49 EPS. The firm’s revenue for the quarter 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, equities research analysts forecast that Somnigroup International Inc. will post 3.2 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be issued a $0.17 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is currently 27.76%.

Analyst Ratings Changes

SGI has been the subject of several research analyst reports. Stephens reiterated an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a research report on Tuesday, April 14th. Bank of America decreased their price target on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and decreased their price target for the stock from $90.00 to $88.00 in a research note on Thursday, March 26th. Truist Financial lifted their price target 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. Finally, Weiss Ratings raised shares of Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Somnigroup International has a consensus rating of “Moderate Buy” and an average target price of $98.60.

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.