12th Street Asset Management Company LLC Lowers Position in Somnigroup International Inc. $SGI

12th Street Asset Management Company LLC lowered its stake in Somnigroup International Inc. (NYSE:SGI) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 424,601 shares of the company’s stock after selling 11,754 shares during the quarter. Somnigroup International accounts for 6.2% of 12th Street Asset Management Company LLC’s portfolio, making the stock its 6th largest position. 12th Street Asset Management Company LLC’s holdings in Somnigroup International were worth $37,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in shares of Somnigroup International during the 3rd quarter valued at about $269,540,000. Oak Thistle LLC purchased a new position in shares of Somnigroup International in the fourth quarter worth approximately $1,409,000. New Mexico Educational Retirement Board purchased a new position in shares of Somnigroup International in the third quarter worth approximately $3,578,000. Hudson Bay Capital Management LP bought a new stake in Somnigroup International during the third quarter valued at approximately $5,585,000. Finally, Allspring Global Investments Holdings LLC grew its position in Somnigroup International by 6.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock valued at $166,373,000 after buying an additional 121,244 shares during the period. Institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SGI. Weiss Ratings upgraded shares of Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and cut their price objective for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. UBS Group reduced their price objective on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Stephens reaffirmed an “equal weight” rating and issued a $89.00 target price on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, 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. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.60.

Somnigroup International Stock Up 0.1%

NYSE:SGI opened at $66.95 on Tuesday. The firm’s 50-day simple moving average is $73.87. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a market capitalization of $14.08 billion, a PE ratio of 27.33, a PEG ratio of 1.23 and a beta of 1.25. 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. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The company had revenue of $1.80 billion for the quarter. During the same period last year, the business posted $0.49 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Sell-side analysts anticipate that Somnigroup International Inc. will post 3.2 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 21st. Somnigroup International’s payout ratio is 27.76%.

Somnigroup International Company 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.