97,205 Shares in Somnigroup International Inc. $SGI Bought by Man Group plc

Man Group plc purchased a new stake in Somnigroup International Inc. (NYSE:SGI) during the second quarter, according to its most recent filing with the SEC. The fund purchased 97,205 shares of the company’s stock, valued at approximately $7,621,000.

Several other hedge funds have also bought and sold shares of SGI. Core Wealth Advisors LLC bought a new position in shares of Somnigroup International during the 4th quarter valued at about $30,000. Allworth Financial LP purchased a new stake in shares of Somnigroup International in the second quarter worth about $31,000. Elyxium Wealth LLC bought a new position in Somnigroup International during the fourth quarter valued at approximately $35,000. Danske Bank A S bought a new position in Somnigroup International during the second quarter valued at approximately $39,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Somnigroup International during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Insider Buying and Selling

In other news, CEO Scott L. Thompson acquired 30,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was bought at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the purchase, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.99% of the stock is owned by insiders.

Somnigroup International Trading Up 3.1%

Shares of SGI stock opened at $64.40 on Friday. The company has a market cap of $13.55 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.45 and a beta of 1.20. Somnigroup International Inc. has a 1 year low of $60.39 and a 1 year high of $98.56. The stock’s 50 day simple moving average is $70.28 and its two-hundred day simple moving average is $74.63. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37.

Somnigroup International (NYSE:SGI) last announced its earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. The firm had revenue of $1.82 billion during the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.Somnigroup International’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Research analysts predict that Somnigroup International Inc. will post 3.02 earnings per share for the current year.

Somnigroup International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International’s payout ratio is presently 27.20%.

Wall Street Analysts Forecast Growth

SGI has been the topic of a number of research reports. Zelman & Associates initiated coverage on Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective on the stock. Truist Financial cut their target price on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 7th. Wall Street Zen cut shares of Somnigroup International from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Morgan Stanley assumed coverage on shares of Somnigroup International in a research note on Monday, July 27th. They set an “overweight” rating and a $95.00 price target on the stock. Finally, Zacks Research lowered shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.50.

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.