Catalyst Funds Management Pty Ltd Invests $1.61 Million in Somnigroup International Inc. $SGI

Catalyst Funds Management Pty Ltd bought a new position in shares of Somnigroup International Inc. (NYSE:SGI) in the 4th quarter, Holdings Channel reports. The fund bought 18,002 shares of the company’s stock, valued at approximately $1,607,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss Life Asset Management Ltd raised its holdings in Somnigroup International by 85.1% in the 3rd 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 shares of Somnigroup International during the third quarter worth approximately $32,000. Hudson Bay Capital Management LP acquired a new position in shares of Somnigroup International in the third quarter valued at approximately $5,585,000. New Mexico Educational Retirement Board acquired a new position in shares of Somnigroup International in the third quarter valued at approximately $3,578,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Somnigroup International during the third quarter worth approximately $269,540,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on SGI shares. Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and reduced their price target for the company from $90.00 to $88.00 in a research note on Thursday, March 26th. UBS Group lowered their price objective on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Weiss Ratings raised Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. 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 research note on Thursday, March 5th. Finally, Stephens reiterated an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.60.

Somnigroup International Price Performance

Shares of NYSE:SGI opened at $66.95 on Friday. The business’s 50 day moving average is $74.06. Somnigroup International Inc. has a 1 year low of $60.39 and a 1 year 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 firm has a market capitalization of $14.08 billion, a P/E ratio of 27.33, a P/E/G ratio of 1.23 and a beta of 1.25.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.80 billion during the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.Somnigroup International’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, sell-side analysts anticipate that Somnigroup International Inc. will post 3.2 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 21st. Somnigroup International’s payout ratio is 27.76%.

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.