Somnigroup International Inc. $SGI Shares Sold by Boston Partners

Boston Partners reduced its position in shares of Somnigroup International Inc. (NYSE:SGI) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,974,443 shares of the company’s stock after selling 1,161,952 shares during the period. Boston Partners owned 1.89% of Somnigroup International worth $354,884,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Core Wealth Advisors LLC acquired a new stake in shares of Somnigroup International during the 4th quarter worth about $30,000. Allworth Financial LP acquired a new stake in shares of Somnigroup International during the 3rd quarter worth about $32,000. Elyxium Wealth LLC acquired a new stake in shares of Somnigroup International during the 4th quarter worth about $35,000. First Horizon Corp boosted its stake in shares of Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after purchasing an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Somnigroup International in the 4th quarter worth about $42,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Somnigroup International Trading Down 0.3%

NYSE:SGI opened at $72.14 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38. The firm has a market cap of $15.17 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.35 and a beta of 1.21. The company’s fifty day simple moving average is $72.57. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56.

Somnigroup International (NYSE:SGI) last posted its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The business 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 business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, analysts predict that Somnigroup International Inc. will post 3.15 earnings per share for the current year.

Somnigroup International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 21st. Somnigroup International’s payout ratio is presently 27.76%.

Analyst Upgrades and Downgrades

SGI has been the subject of a number of research analyst reports. UBS Group dropped 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 note on Friday, May 8th. Truist Financial upped their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Stephens reaffirmed an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Weiss Ratings downgraded shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Bank of America dropped their price objective on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.60.

Somnigroup International 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.