57,556 Somnigroup International Inc. $SGI Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Somnigroup International Inc. (NYSE:SGI) by 262.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,506 shares of the company’s stock after buying an additional 57,556 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Somnigroup International were worth $4,938,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Somnigroup International during the 2nd quarter worth approximately $1,507,604,000. Linonia Partnership LP acquired a new stake in Somnigroup International in the second quarter valued at approximately $519,372,000. Allspring Global Investments Holdings LLC grew its position in Somnigroup International by 62.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock valued at $224,240,000 after acquiring an additional 1,171,485 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Somnigroup International during the second quarter valued at approximately $204,632,000. Finally, Avala Global LP purchased a new stake in shares of Somnigroup International during the second quarter valued at approximately $107,831,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Somnigroup International news, CEO Scott Thompson acquired 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was acquired at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the acquisition, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This represents a 0.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.99% of the company’s stock.

Somnigroup International Trading Up 0.0%

NYSE:SGI opened at $63.57 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average is $64.15 and its two-hundred day moving average is $73.88. Somnigroup International Inc. has a 52 week low of $60.08 and a 52 week high of $98.56. The company has a market cap of $13.37 billion, a PE ratio of 25.43, a P/E/G ratio of 1.04 and a beta of 1.30.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. The business 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%. Somnigroup International’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, analysts predict that Somnigroup International Inc. will post 3.10 EPS for the current year.

Somnigroup International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 20th. Somnigroup International’s payout ratio is presently 27.20%.

Analysts Set New Price Targets

A number of research firms have weighed in on SGI. Zacks Research raised shares of Somnigroup International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 7th. Wall Street Zen raised Somnigroup International from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. UBS Group boosted their price target on Somnigroup International from $94.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Stephens raised Somnigroup International from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $66.00 to $80.00 in a report on Monday, September 14th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $95.00.

About Somnigroup International

Somnigroup International Inc (NYSE: SGI) is a global bedding and sleep-products company. Its portfolio includes mattresses, pillows, adjustable bases, foundations, bed frames and other sleep-related products sold through retail stores, e-commerce channels and furniture and specialty retailers.

The company’s principal brands include Tempur-Pedic, Sealy and Stearns & Foster. Somnigroup also operates Mattress Firm, a large specialty mattress retailer in the United States, providing consumers with access to a broad range of bedding products from its own brands and other manufacturers.

Somnigroup International was formerly known as Tempur Sealy International.