Somnigroup International Inc. $SGI Shares Sold by Beaconlight Capital LLC

Beaconlight Capital LLC trimmed its position in Somnigroup International Inc. (NYSE:SGI) by 37.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,199 shares of the company’s stock after selling 35,158 shares during the quarter. Somnigroup International makes up approximately 2.3% of Beaconlight Capital LLC’s holdings, making the stock its 13th largest position. Beaconlight Capital LLC’s holdings in Somnigroup International were worth $4,376,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in SGI. Core Wealth Advisors LLC bought a new position in Somnigroup International during the 4th quarter worth $30,000. Allworth Financial LP bought a new stake in Somnigroup International during the third quarter worth approximately $32,000. Elyxium Wealth LLC bought a new position in Somnigroup International during the fourth quarter valued at about $35,000. First Horizon Corp raised its holdings in shares of Somnigroup International by 93.3% in the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after purchasing an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Somnigroup International during the 4th quarter worth $42,000. 99.86% of the stock is owned by institutional investors.

Somnigroup International Stock Up 3.9%

Shares of SGI opened at $71.52 on Friday. The firm’s 50-day simple moving average is $72.08 and its 200 day simple moving average is $79.24. The firm has a market cap of $15.05 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 1.28 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 data on Thursday, May 7th. The company reported $0.59 earnings per share 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 firm had revenue of $1.80 billion for the quarter. During the same quarter in the previous year, the business earned $0.49 EPS. 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. On average, analysts forecast that Somnigroup International Inc. will post 3.15 earnings per share for the current year.

Somnigroup International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 annualized dividend and a yield of 1.0%. Somnigroup International’s dividend payout ratio is currently 27.76%.

Analyst Ratings Changes

A number of analysts have recently issued reports on SGI shares. Stephens restated an “equal weight” rating and issued a $89.00 target price 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 research report on Tuesday, April 14th. UBS Group decreased their price objective 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. 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. Finally, Zelman & Associates initiated coverage on Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.67.

Somnigroup International 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.