New York State Teachers Retirement System Has $11.79 Million Stake in Somnigroup International Inc. $SGI

New York State Teachers Retirement System reduced its holdings in Somnigroup International Inc. (NYSE:SGI) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,457 shares of the company’s stock after selling 6,807 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Somnigroup International worth $11,787,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Swiss Life Asset Management Ltd raised its position in Somnigroup International by 85.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock valued at $764,000 after purchasing an additional 4,168 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Somnigroup International during the third quarter worth $32,000. Hudson Bay Capital Management LP bought a new stake in shares of Somnigroup International during the third quarter worth $5,585,000. New Mexico Educational Retirement Board acquired a new stake in shares of Somnigroup International in the third quarter valued at $3,578,000. Finally, GAMMA Investing LLC raised its holdings in shares of Somnigroup International by 12.1% in the fourth quarter. GAMMA Investing LLC now owns 8,191 shares of the company’s stock valued at $731,000 after buying an additional 884 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SGI has been the topic of a number of research analyst reports. Stephens reissued an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. UBS Group reduced their target price on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. 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 report on Tuesday, April 14th. Finally, Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and decreased their price objective for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.67.

Somnigroup International Price Performance

SGI opened at $78.45 on Monday. The company has a fifty day moving average price of $71.92 and a two-hundred day moving average price of $80.99. The firm has a market capitalization of $16.50 billion, a PE ratio of 32.02, a P/E/G ratio of 1.46 and a beta of 1.19. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $0.49 earnings per share. The firm’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. As a group, analysts anticipate that Somnigroup International Inc. will post 3.15 earnings per share for the current year.

Somnigroup International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.17 per share. The ex-dividend date 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 (DPR) is 27.76%.

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.