Geode Capital Management LLC Has $390.70 Million Position in Somnigroup International Inc. $SGI

Geode Capital Management LLC raised its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,375,264 shares of the company’s stock after buying an additional 371,234 shares during the quarter. Geode Capital Management LLC’s holdings in Somnigroup International were worth $390,699,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Williamson Legacy Group LLC grew its position in shares of Somnigroup International by 155.1% during the 4th quarter. Williamson Legacy Group LLC now owns 10,169 shares of the company’s stock worth $908,000 after buying an additional 6,183 shares during the period. Flputnam Investment Management Co. acquired a new stake in shares of Somnigroup International during the fourth quarter worth about $204,000. Clearstead Advisors LLC raised its position in shares of Somnigroup International by 71.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,152 shares of the company’s stock worth $103,000 after purchasing an additional 481 shares during the period. Zeno Equity Partners LLP raised its position in shares of Somnigroup International by 14.9% during the fourth quarter. Zeno Equity Partners LLP now owns 267,584 shares of the company’s stock worth $23,890,000 after purchasing an additional 34,607 shares during the period. Finally, New Age Alpha Advisors LLC raised its position in shares of Somnigroup International by 42.6% during the fourth quarter. New Age Alpha Advisors LLC now owns 37,597 shares of the company’s stock worth $3,357,000 after purchasing an additional 11,237 shares during the period. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SGI shares. Bank of America dropped their price target 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. Truist Financial raised their price target on Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Stephens reaffirmed an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a research report on Tuesday, April 14th. Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and dropped their price target for the stock from $90.00 to $88.00 in a research report on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Somnigroup International currently has an average rating of “Moderate Buy” and an average price target of $98.60.

Somnigroup International Price Performance

Shares of Somnigroup International stock opened at $70.76 on Monday. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. The firm has a 50-day moving average price of $73.37. Somnigroup International Inc. has a one year low of $60.39 and a one year high of $98.56. 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 announced its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The business had revenue of $1.80 billion for the quarter. During the same period in the prior year, the business posted $0.49 EPS. The firm’s quarterly revenue 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. On average, equities analysts expect that Somnigroup International Inc. will post 3.2 EPS for the current year.

Somnigroup International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 21st. Somnigroup International’s dividend payout ratio (DPR) is currently 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.