Somnigroup International Inc. (NYSE:SGI) Stock to Pay Quarterly Dividend of $0.17

Somnigroup International Inc. (NYSE:SGI) announced a quarterly dividend on Monday, November 9th. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.17 per share on Monday, December 7th. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 23rd.

Somnigroup International Trading Up 3.7%

Shares of Somnigroup International stock traded up $2.36 during trading on Monday, reaching $66.53. The company’s stock had a trading volume of 7,295,733 shares, compared to its average volume of 2,821,150. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. Somnigroup International has a 52-week low of $60.08 and a 52-week high of $98.56. The firm’s 50-day moving average is $64.44 and its two-hundred day moving average is $73.22. The company has a market cap of $14.00 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.05 and a beta of 1.30.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results on Monday, November 9th. The company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.02). The business had revenue of $2.35 billion during the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-2.950 EPS. On average, sell-side analysts anticipate that Somnigroup International will post 3.10 earnings per share for the current year.

Insider Activity

In related news, CEO Scott Thompson bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were bought at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the acquisition, the chief executive officer owned 4,123,634 shares in the company, valued at $259,129,160.56. This trade 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 accessible through the SEC website. 3.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Somnigroup International

Several institutional investors have recently added to or reduced their stakes in SGI. Allworth Financial LP raised its position in Somnigroup International by 44.0% during the third quarter. Allworth Financial LP now owns 566 shares of the company’s stock valued at $35,000 after purchasing an additional 173 shares during the period. Brighton Jones LLC increased its position in shares of Somnigroup International by 3.4% during the third quarter. Brighton Jones LLC now owns 6,383 shares of the company’s stock worth $396,000 after acquiring an additional 207 shares during the period. Sterling Capital Management LLC raised its stake in shares of Somnigroup International by 4.0% during the third quarter. Sterling Capital Management LLC now owns 5,547 shares of the company’s stock valued at $345,000 after acquiring an additional 215 shares in the last quarter. Profund Advisors LLC grew its position in shares of Somnigroup International by 5.3% during the 3rd quarter. Profund Advisors LLC now owns 5,027 shares of the company’s stock worth $312,000 after buying an additional 252 shares in the last quarter. Finally, Mather Group LLC. increased its position in Somnigroup International by 168.8% during the 3rd quarter. Mather Group LLC. now owns 414 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Company Profile

Somnigroup International, Inc is a bedding company that designs, manufactures, distributes and sells mattresses and related sleep products. Its offerings include adjustable bases, pillows and other bedding accessories, marketed under brands such as Tempur-Pedic, Sealy and Stearns & Foster.

The company also operates Mattress Firm, a mattress retailer with stores across the United States. Through its brands, retail business and other sales channels, Somnigroup serves customers in the U.S.