California Public Employees Retirement System Sells 86,875 Shares of Somnigroup International Inc. $SGI

California Public Employees Retirement System cut its stake in Somnigroup International Inc. (NYSE:SGI) by 24.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 265,973 shares of the company’s stock after selling 86,875 shares during the quarter. California Public Employees Retirement System’s holdings in Somnigroup International were worth $19,661,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Brown Miller Wealth Management LLC grew 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 buying an additional 113 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Somnigroup International by 1.0% during the 4th quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock worth $1,061,000 after acquiring an additional 115 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in 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 acquiring an additional 141 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Somnigroup International by 1.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock worth $975,000 after acquiring an additional 142 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Somnigroup International by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock valued at $176,000 after purchasing an additional 148 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Price Performance

SGI opened at $70.17 on Thursday. The firm has a 50-day moving average price of $71.81 and a 200-day moving average price of $79.43. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $14.76 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.30 and a beta of 1.19.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data 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 company had revenue of $1.80 billion during the quarter. During the same period last year, the business posted $0.49 earnings per share. The firm’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 EPS for the current year.

Somnigroup International Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on SGI. Stephens reaffirmed an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a research report on Tuesday, April 14th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and reduced their target price for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Zelman & Associates assumed coverage on Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target for the company. Bank of America dropped their price target on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Weiss Ratings cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Five equities research 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 has an average rating of “Moderate Buy” and an average price target of $98.67.

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.