6,624,644 Shares in Somnigroup International Inc. $SGI Bought by Linonia Partnership LP

Linonia Partnership LP acquired a new position in shares of Somnigroup International Inc. (NYSE:SGI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,624,644 shares of the company’s stock, valued at approximately $519,372,000. Somnigroup International comprises about 9.3% of Linonia Partnership LP’s investment portfolio, making the stock its 7th largest position.

Other institutional investors also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new stake in shares of Somnigroup International during the fourth quarter worth about $30,000. Allworth Financial LP acquired a new position in Somnigroup International in the 3rd quarter valued at about $32,000. Elyxium Wealth LLC purchased a new stake in Somnigroup International during the 4th quarter valued at approximately $35,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Somnigroup International during the 4th quarter valued at approximately $42,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Somnigroup International during the 4th quarter worth approximately $42,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Somnigroup International Stock Down 0.2%

SGI stock opened at $64.17 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. The company’s 50-day moving average price is $70.98 and its 200 day moving average price is $75.17. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a market cap of $13.50 billion, a P/E ratio of 25.67, a P/E/G ratio of 1.44 and a beta of 1.20.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $1.82 billion during the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, research analysts expect that Somnigroup International Inc. will post 3.02 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a $0.17 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Somnigroup International’s dividend payout ratio is currently 27.20%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SGI. Morgan Stanley started coverage on Somnigroup International in a research note on Monday, July 27th. They issued an “overweight” rating and a $95.00 target price on the stock. Truist Financial decreased their price target on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a research report on Friday. Zelman & Associates started coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective on the stock. Finally, Piper Sandler restated an “overweight” rating and set a $95.00 price objective (down from $102.00) on shares of Somnigroup International in a research report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.50.

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.