Clearbridge Investments LLC Takes Position in Somnigroup International Inc. $SGI

Clearbridge Investments LLC acquired a new stake in Somnigroup International Inc. (NYSE:SGI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 477,272 shares of the company’s stock, valued at approximately $42,611,000. Clearbridge Investments LLC owned 0.23% of Somnigroup International at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new position in shares of Somnigroup International in the 4th quarter valued at about $79,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Somnigroup International by 131.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,788 shares of the company’s stock valued at $249,000 after purchasing an additional 1,585 shares during the period. Vise Technologies Inc. lifted its stake in shares of Somnigroup International by 79.1% in the 4th quarter. Vise Technologies Inc. now owns 4,862 shares of the company’s stock valued at $434,000 after purchasing an additional 2,148 shares during the period. State of Wyoming lifted its stake in shares of Somnigroup International by 593.6% in the 4th quarter. State of Wyoming now owns 14,941 shares of the company’s stock valued at $1,334,000 after purchasing an additional 12,787 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Somnigroup International by 21.0% in the 4th quarter. CIBC Asset Management Inc now owns 6,467 shares of the company’s stock valued at $577,000 after purchasing an additional 1,124 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Truist Financial boosted their price objective on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and dropped their price objective for the company from $90.00 to $88.00 in a research note on Thursday, March 26th. Bank of America dropped their price objective on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Stephens reissued an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.60.

Somnigroup International Price Performance

Shares of Somnigroup International stock opened at $71.11 on Wednesday. Somnigroup International Inc. has a one year low of $60.39 and a one year high of $98.56. The company has a market cap of $14.96 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. The company has a 50-day moving average price of $72.65. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38.

Somnigroup International (NYSE:SGI) last issued its earnings results on Thursday, May 7th. The company reported $0.59 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 during the quarter. During the same period in the previous year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, sell-side analysts expect that Somnigroup International Inc. will post 3.15 EPS for the current year.

Somnigroup International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were 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 was Thursday, May 21st. Somnigroup International’s payout ratio is presently 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.