London Co. of Virginia Reduces Stock Holdings in Somnigroup International Inc. $SGI

London Co. of Virginia trimmed its position in Somnigroup International Inc. (NYSE:SGI) by 8.3% during the 4th quarter, HoldingsChannel reports. The firm owned 3,472,812 shares of the company’s stock after selling 315,233 shares during the period. Somnigroup International comprises about 1.8% of London Co. of Virginia’s investment portfolio, making the stock its 20th biggest position. London Co. of Virginia’s holdings in Somnigroup International were worth $310,054,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Brown Miller Wealth Management LLC raised its stake in shares of Somnigroup International by 2.4% in the fourth quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock worth $430,000 after buying an additional 113 shares during the period. HB Wealth Management LLC raised its stake in shares of Somnigroup International by 1.0% in the fourth quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock worth $1,061,000 after buying an additional 115 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Somnigroup International by 5.1% in the fourth quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock worth $260,000 after buying an additional 141 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Somnigroup International by 1.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock worth $975,000 after buying an additional 142 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Somnigroup International by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock worth $176,000 after buying an additional 148 shares during the period. Institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stephens reaffirmed an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Bank of America decreased their price objective on 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 Somnigroup International from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $90.00 to $88.00 in a research note on Thursday, March 26th. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, UBS Group decreased their price objective on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Somnigroup International currently has an average rating of “Moderate Buy” and a consensus target price of $98.60.

Somnigroup International Stock Up 0.9%

Shares of SGI opened at $74.91 on Wednesday. The business’s 50 day moving average is $72.64 and its 200 day moving average is $82.33. The company has a market capitalization of $15.76 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.38 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 current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41.

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, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $1.80 billion for 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 last year, the business posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Research analysts expect that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

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

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.