SG Americas Securities LLC Acquires 74,115 Shares of Somnigroup International Inc. $SGI

SG Americas Securities LLC lifted its holdings in Somnigroup International Inc. (NYSE:SGI) by 88.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 158,259 shares of the company’s stock after acquiring an additional 74,115 shares during the quarter. SG Americas Securities LLC’s holdings in Somnigroup International were worth $11,699,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC purchased a new position in Somnigroup International during the fourth quarter valued at approximately $1,106,000. Rockefeller Capital Management L.P. lifted its holdings in Somnigroup International by 91.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,321 shares of the company’s stock worth $207,000 after buying an additional 1,109 shares during the period. Corient Private Wealth LLC purchased a new stake in Somnigroup International during the fourth quarter worth $434,000. SHP Wealth Management bought a new stake in Somnigroup International during the 4th quarter valued at $52,000. Finally, Bank of Hawaii boosted its position in Somnigroup International by 17.5% during the 4th quarter. Bank of Hawaii now owns 10,822 shares of the company’s stock valued at $966,000 after acquiring an additional 1,615 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial boosted their price target on Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Stephens reaffirmed an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a research report on Tuesday, April 14th. Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Zelman & Associates initiated coverage on shares of Somnigroup International in a report on Tuesday. They issued an “outperform” rating and a $99.00 target price for the company. Finally, Bank of America decreased their price target on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.67.

Somnigroup International Price Performance

Shares of SGI stock opened at $78.33 on Friday. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two 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. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 1.46 and a beta of 1.21. The stock’s 50-day simple moving average is $72.31 and its 200-day simple moving average is $81.56.

Somnigroup International (NYSE:SGI) last announced 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. The firm had revenue of $1.80 billion during the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, equities analysts forecast that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. Somnigroup International’s dividend payout ratio (DPR) is currently 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.