140 Summer Partners LP Has $58.57 Million Holdings in Somnigroup International Inc. $SGI

140 Summer Partners LP lessened its holdings in Somnigroup International Inc. (NYSE:SGI) by 6.1% in the 4th quarter, Holdings Channel reports. The firm owned 656,046 shares of the company’s stock after selling 42,960 shares during the quarter. Somnigroup International accounts for 4.3% of 140 Summer Partners LP’s portfolio, making the stock its 12th biggest holding. 140 Summer Partners LP’s holdings in Somnigroup International were worth $58,572,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC lifted its stake in shares of Somnigroup International by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock valued at $390,699,000 after purchasing an additional 371,234 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Somnigroup International by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock valued at $306,160,000 after purchasing an additional 232,953 shares during the last quarter. Norges Bank acquired a new stake in shares of Somnigroup International in the 4th quarter valued at $270,814,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Somnigroup International by 6.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock valued at $166,373,000 after purchasing an additional 121,244 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Somnigroup International by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,374,844 shares of the company’s stock valued at $122,746,000 after purchasing an additional 4,237 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Price Performance

Shares of Somnigroup International stock opened at $74.91 on Wednesday. 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 Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56. The firm has a fifty day moving average price of $72.64 and a two-hundred day moving average price of $82.33. The company has a market cap of $15.76 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm had revenue of $1.80 billion during the quarter. During the same period last year, the company earned $0.49 earnings per share. Somnigroup International’s revenue for the quarter was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Analysts expect that Somnigroup International Inc. will post 3.15 EPS for the current year.

Somnigroup International Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stephens reaffirmed an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and reduced their price objective for the company from $90.00 to $88.00 in a research note on Thursday, March 26th. Bank of America reduced 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. UBS Group reduced 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. Finally, Truist Financial raised their target price 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. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Somnigroup International currently has an average rating of “Moderate Buy” and a consensus target price 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.