Goodnow Investment Group LLC Reduces Stock Position in Somnigroup International Inc. $SGI

Goodnow Investment Group LLC decreased its position in shares of Somnigroup International Inc. (NYSE:SGI) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 639,895 shares of the company’s stock after selling 14,942 shares during the quarter. Somnigroup International makes up 5.3% of Goodnow Investment Group LLC’s holdings, making the stock its 7th largest holding. Goodnow Investment Group LLC owned about 0.30% of Somnigroup International worth $57,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SGI. Core Wealth Advisors LLC bought a new position in shares of Somnigroup International during the 4th quarter worth $30,000. Allworth Financial LP bought a new position in shares of Somnigroup International during the 3rd quarter worth $32,000. Elyxium Wealth LLC bought a new position in shares of Somnigroup International during the 4th quarter worth $35,000. First Horizon Corp grew its position in shares of Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after buying an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Somnigroup International during the 4th quarter worth $42,000. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Price Performance

Somnigroup International stock opened at $74.27 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. The firm has a market cap of $15.62 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 1.34 and a beta of 1.21. Somnigroup International Inc. has a 1-year low of $60.39 and a 1-year high of $98.56. The stock has a fifty day simple moving average of $72.60.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $1.80 billion during the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.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 business earned $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, equities research analysts anticipate that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. Somnigroup International’s dividend payout ratio (DPR) is presently 27.76%.

Analyst Upgrades and Downgrades

SGI has been the topic of several recent research reports. UBS Group dropped their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Stephens reaffirmed 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 dropped their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and dropped their target price for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Finally, Weiss Ratings cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock 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.