Insider Buying: Somnigroup International (NYSE:SGI) Director Purchases 32,000 Shares of Stock

Somnigroup International Inc. (NYSE:SGI) Director Simon Dyer acquired 32,000 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average price of $93.40 per share, for a total transaction of $2,988,800.00. Following the completion of the transaction, the director owned 36,800 shares in the company, valued at approximately $3,437,120. The trade was a 666.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Somnigroup International Price Performance

Shares of SGI traded down $0.68 during mid-day trading on Thursday, hitting $90.13. 1,228,280 shares of the company’s stock traded hands, compared to its average volume of 2,728,589. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.38 and a current ratio of 0.75. The stock has a market capitalization of $18.92 billion, a PE ratio of 58.91, a price-to-earnings-growth ratio of 1.84 and a beta of 1.32. Somnigroup International Inc. has a 1 year low of $53.10 and a 1 year high of $94.42.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.95 earnings per share for the quarter. The business had revenue of $2.12 billion for the quarter. Somnigroup International had a net margin of 4.62% and a return on equity of 22.73%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SGI. Wall Street Zen raised shares of Somnigroup International from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a research note on Tuesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Somnigroup International currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Somnigroup International stock. Allworth Financial LP bought a new position in Somnigroup International Inc. (NYSE:SGI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 378 shares of the company’s stock, valued at approximately $32,000. 99.86% of the stock is owned by institutional investors and hedge funds.

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.