Intech Investment Management LLC Increases Stake in Somnigroup International Inc. $SGI

Intech Investment Management LLC increased its position in Somnigroup International Inc. (NYSE:SGI) by 172.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 50,519 shares of the company’s stock after acquiring an additional 31,989 shares during the quarter. Intech Investment Management LLC’s holdings in Somnigroup International were worth $4,510,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd grew its holdings in Somnigroup International by 85.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock valued at $764,000 after buying an additional 4,168 shares in the last quarter. Allworth Financial LP bought a new position in shares of Somnigroup International in the third quarter valued at approximately $32,000. Hudson Bay Capital Management LP bought a new position in shares of Somnigroup International in the third quarter valued at approximately $5,585,000. New Mexico Educational Retirement Board bought a new position in shares of Somnigroup International in the third quarter valued at approximately $3,578,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Somnigroup International in the third quarter valued at approximately $269,540,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Trading Down 0.1%

SGI stock opened at $70.76 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78. The stock has a 50 day moving average of $73.37. The company has a market capitalization of $14.88 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. Somnigroup International Inc. has a 1-year low of $60.39 and a 1-year high of $98.56.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $1.80 billion for the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, sell-side analysts forecast that Somnigroup International Inc. will post 3.2 EPS for the current fiscal year.

Somnigroup International Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, May 21st. Somnigroup International’s dividend payout ratio is 27.76%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Truist Financial raised their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Jefferies Financial Group upgraded 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. Stephens restated an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a research report on Tuesday, April 14th. Finally, UBS Group cut their price objective on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 8th. 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 a consensus rating of “Moderate Buy” and an average price target of $98.60.

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.