765,457 Shares in Somnigroup International Inc. $SGI Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP acquired a new stake in Somnigroup International Inc. (NYSE:SGI) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 765,457 shares of the company’s stock, valued at approximately $60,012,000. Somnigroup International accounts for about 0.8% of Engineers Gate Manager LP’s investment portfolio, making the stock its 10th biggest holding.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Somnigroup International in the second quarter valued at $1,507,604,000. California State Teachers Retirement System lifted its position in Somnigroup International by 7,702.3% during the 2nd quarter. California State Teachers Retirement System now owns 18,088,526 shares of the company’s stock worth $1,418,140,000 after buying an additional 17,856,689 shares in the last quarter. Linonia Partnership LP acquired a new position in Somnigroup International during the 2nd quarter worth about $519,372,000. Artisan Partners Limited Partnership bought a new stake in Somnigroup International during the 4th quarter worth about $274,323,000. Finally, Norges Bank bought a new stake in Somnigroup International during the 4th quarter worth about $270,814,000. Institutional investors own 99.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SGI shares. Morgan Stanley initiated coverage on shares of Somnigroup International in a research report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price objective for the company. Zelman & Associates started coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target on the stock. Zacks Research cut shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Finally, Truist Financial dropped their price objective on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.12.

Somnigroup International Price Performance

SGI opened at $69.59 on Wednesday. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The firm has a market capitalization of $14.64 billion, a PE ratio of 27.84, a P/E/G ratio of 1.17 and a beta of 1.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. The company has a fifty day moving average price of $69.02 and a two-hundred day moving average price of $73.19.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The company had revenue of $1.82 billion for the quarter. During the same quarter last year, the business earned $0.53 earnings per share. Somnigroup International’s revenue for the quarter was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, analysts anticipate that Somnigroup International Inc. will post 3.04 earnings per share for the current year.

Somnigroup International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, August 20th. Somnigroup International’s dividend payout ratio (DPR) is 27.20%.

Insider Buying and Selling

In other Somnigroup International news, CEO Scott Thompson acquired 30,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 4,123,634 shares in the company, valued at approximately $259,129,160.56. This represents a 0.73% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.99% of the company’s stock.

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.