FFT Wealth Management LLC Decreases Stake in Somnigroup International Inc. $SGI

FFT Wealth Management LLC lowered its position in shares of Somnigroup International Inc. (NYSE:SGI) by 26.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 106,165 shares of the company’s stock after selling 38,220 shares during the quarter. Somnigroup International comprises approximately 1.8% of FFT Wealth Management LLC’s holdings, making the stock its 14th largest holding. FFT Wealth Management LLC’s holdings in Somnigroup International were worth $9,478,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Brown Miller Wealth Management LLC grew its holdings in shares of Somnigroup International by 2.4% during the 4th quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock worth $430,000 after purchasing an additional 113 shares during the period. HB Wealth Management LLC boosted its holdings in Somnigroup International by 1.0% in the 4th quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock worth $1,061,000 after acquiring an additional 115 shares during the period. Sanctuary Advisors LLC boosted its holdings in Somnigroup International by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock worth $260,000 after acquiring an additional 141 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Somnigroup International by 1.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock worth $975,000 after acquiring an additional 142 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Somnigroup International by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock worth $176,000 after acquiring an additional 148 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SGI shares. UBS Group decreased their price target on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Weiss Ratings upgraded Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Stephens restated an “equal weight” rating and issued a $89.00 price target on shares of Somnigroup International in a report on Tuesday, April 14th. Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and decreased their price target for the stock from $90.00 to $88.00 in a report on Thursday, March 26th. Finally, Bank of America decreased their price target on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $98.60.

Somnigroup International Stock Up 0.1%

NYSE SGI opened at $66.95 on Monday. The business has a 50 day moving average of $74.06. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56. The stock has a market cap of $14.08 billion, a PE ratio of 27.33, a PEG ratio of 1.23 and a beta of 1.25. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78.

Somnigroup International (NYSE:SGI) last announced its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The company had revenue of $1.80 billion for the quarter. During the same period in the previous year, the company earned $0.49 earnings per share. The business’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. Sell-side analysts anticipate that Somnigroup International Inc. will post 3.2 EPS for the current fiscal year.

Somnigroup International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 21st. Somnigroup International’s dividend payout ratio 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.