State of Wyoming Sells 9,545 Shares of Somnigroup International Inc. $SGI

State of Wyoming decreased its holdings in Somnigroup International Inc. (NYSE:SGI) by 63.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,396 shares of the company’s stock after selling 9,545 shares during the quarter. State of Wyoming’s holdings in Somnigroup International were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Somnigroup International by 9.3% in the fourth quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock worth $390,699,000 after acquiring an additional 371,234 shares during the period. JPMorgan Chase & Co. grew its position in shares of Somnigroup International by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock valued at $306,160,000 after acquiring an additional 232,953 shares during the period. Third Point LLC grew its position in shares of Somnigroup International by 13.3% during the 4th quarter. Third Point LLC now owns 3,400,000 shares of the company’s stock valued at $303,552,000 after acquiring an additional 400,000 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Somnigroup International in the 4th quarter worth $274,323,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Somnigroup International by 62.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after purchasing an additional 1,171,485 shares in the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SGI has been the topic of several analyst reports. Bank of America lowered 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. Weiss Ratings cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. 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. Zelman & Associates started coverage on Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price objective on the stock. Finally, Stephens reiterated an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.67.

Somnigroup International Stock Performance

Shares of NYSE SGI opened at $71.52 on Monday. The stock has a market cap of $15.05 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. Somnigroup International Inc. has a 1 year low of $60.39 and a 1 year high of $98.56. The firm has a fifty day moving average price of $72.08 and a 200-day moving average price of $79.17. 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 (NYSE:SGI) last released its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.80 billion for the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Equities 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 declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is currently 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.