Natixis Advisors LLC Has $40.99 Million Stock Position in Somnigroup International Inc. $SGI

Natixis Advisors LLC boosted its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 12.3% during the fourth quarter, Holdings Channel reports. The fund owned 459,163 shares of the company’s stock after acquiring an additional 50,275 shares during the period. Natixis Advisors LLC’s holdings in Somnigroup International were worth $40,994,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC bought a new stake in Somnigroup International during the 4th quarter worth about $30,000. Allworth Financial LP bought a new stake in Somnigroup International during the 3rd quarter worth about $32,000. Elyxium Wealth LLC bought a new stake in Somnigroup International during the 4th quarter worth about $35,000. First Horizon Corp grew its holdings in Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after acquiring an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Somnigroup International during the 4th quarter worth about $42,000. Institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Bank of America decreased their price objective on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a 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 on the stock 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 report on Tuesday, May 26th. Stephens reissued an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, Truist Financial increased their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.60.

Somnigroup International Trading Down 0.8%

Shares of NYSE SGI opened at $67.43 on Thursday. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 1.25 and a beta of 1.21. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. Somnigroup International Inc. has a 1 year low of $60.39 and a 1 year high of $98.56. The company has a 50-day simple moving average of $73.01.

Somnigroup International (NYSE:SGI) last issued its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $1.80 billion for the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, equities research analysts anticipate that Somnigroup International Inc. will post 3.2 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

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