Aigen Investment Management LP Acquires New Shares in Somnigroup International Inc. $SGI

Aigen Investment Management LP acquired a new stake in Somnigroup International Inc. (NYSE:SGI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 13,427 shares of the company’s stock, valued at approximately $1,199,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Swiss Life Asset Management Ltd boosted its holdings in Somnigroup International by 85.1% during the third quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock valued at $764,000 after acquiring an additional 4,168 shares during the period. Allworth Financial LP bought a new stake in Somnigroup International during the third quarter valued at about $32,000. Hudson Bay Capital Management LP bought a new stake in Somnigroup International during the third quarter valued at about $5,585,000. New Mexico Educational Retirement Board bought a new stake in Somnigroup International during the third quarter valued at about $3,578,000. Finally, JPMorgan Chase & Co. bought a new stake in Somnigroup International during the third quarter valued at about $269,540,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Stock Performance

Shares of SGI opened at $72.14 on Friday. The company’s 50-day moving average is $72.57. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.34 and a beta of 1.21. 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 52 week low of $60.39 and a 52 week high of $98.56.

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

Somnigroup International Announces Dividend

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

Wall Street Analyst Weigh In

SGI has been the subject of a number of recent analyst reports. UBS Group decreased their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Jefferies Financial Group upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating and decreased their price target for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Bank of America decreased their price target on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Stephens restated an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, Truist Financial upped their price target on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.60.

Somnigroup International Company 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.