Clearbridge Investments LLC Makes New $42.61 Million Investment in Somnigroup International Inc. $SGI

Clearbridge Investments LLC acquired a new position in shares of Somnigroup International Inc. (NYSE:SGI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 477,272 shares of the company’s stock, valued at approximately $42,611,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SGI. Core Wealth Advisors LLC bought a new stake in Somnigroup International during the 4th quarter worth approximately $30,000. Allworth Financial LP bought a new stake in Somnigroup International during the 3rd quarter worth approximately $32,000. Elyxium Wealth LLC bought a new stake in Somnigroup International during the 4th quarter worth approximately $35,000. First Horizon Corp increased 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 purchasing an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Somnigroup International during the 4th quarter worth approximately $42,000. 99.86% of the stock is owned by institutional investors.

Somnigroup International Trading Up 4.9%

Somnigroup International stock opened at $71.11 on Wednesday. Somnigroup International Inc. has a 12 month low of $60.39 and a 12 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 firm has a 50 day moving average price of $72.65. The stock has a market capitalization of $14.96 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.59 EPS for the quarter, beating 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 business had revenue of $1.80 billion for the quarter. During the same quarter in the previous year, the company posted $0.49 EPS. Somnigroup International’s revenue for the quarter was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, equities research analysts forecast that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

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

Wall Street Analysts Forecast Growth

SGI has been the subject of a number of recent research reports. Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Truist Financial boosted their price objective on Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. 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. Bank of America decreased their price objective on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, UBS Group reduced their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Somnigroup International has a consensus rating of “Moderate Buy” and an average target price of $98.60.

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.