Artisan Partners Limited Partnership Makes New Investment in Somnigroup International Inc. $SGI

Artisan Partners Limited Partnership acquired a new position in shares of Somnigroup International Inc. (NYSE:SGI) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,072,610 shares of the company’s stock, valued at approximately $274,323,000.

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

Somnigroup International Price Performance

Shares of NYSE SGI opened at $74.91 on Wednesday. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. The business has a 50 day simple moving average of $72.64 and a 200-day simple moving average of $82.33.

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 return on equity of 19.62% and a net margin of 6.80%.The business had revenue of $1.80 billion during the quarter. During the same quarter last year, the firm posted $0.49 earnings per share. Somnigroup International’s revenue was up 12.3% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, equities research 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 declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 21st. Somnigroup International’s payout ratio is 27.76%.

Wall Street Analyst Weigh In

Several research firms have issued reports on SGI. UBS Group dropped their price objective on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $90.00 to $88.00 in a report on Thursday, March 26th. Stephens restated an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Bank of America dropped their price objective 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 downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Four 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 a consensus rating of “Moderate Buy” and an average price target 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.