Bessemer Group Inc. Has $1.63 Million Stock Holdings in Somnigroup International Inc. $SGI

Bessemer Group Inc. decreased its stake in Somnigroup International Inc. (NYSE:SGI) by 37.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 21,990 shares of the company’s stock after selling 13,040 shares during the quarter. Bessemer Group Inc.’s holdings in Somnigroup International were worth $1,626,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SGI. Brown Miller Wealth Management LLC raised its holdings in Somnigroup International by 2.4% during the fourth quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock worth $430,000 after acquiring an additional 113 shares in the last quarter. HB Wealth Management LLC grew its stake in Somnigroup International by 1.0% in the fourth quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock valued at $1,061,000 after purchasing an additional 115 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Somnigroup International by 5.1% during the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock worth $260,000 after purchasing an additional 141 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Somnigroup International by 1.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock worth $975,000 after purchasing an additional 142 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Somnigroup International by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock worth $176,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SGI shares. Stephens reissued an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Bank of America lowered their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. 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. UBS Group dropped their price target 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. Finally, Zelman & Associates initiated coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price target for the company. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Somnigroup International has a consensus rating of “Moderate Buy” and a consensus target price of $98.67.

Somnigroup International Price Performance

NYSE:SGI opened at $70.17 on Thursday. 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 $14.76 billion, a P/E ratio of 28.64, a P/E/G ratio of 1.30 and a beta of 1.19. The firm’s fifty day moving average price is $71.81 and its two-hundred day moving average price is $79.43. 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 announced its earnings results on Thursday, May 7th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The business had revenue of $1.80 billion during the quarter. During the same period in the previous year, the firm posted $0.49 EPS. 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. Equities analysts expect 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 $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Somnigroup International’s dividend payout ratio is presently 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.