Fieldview Capital Management LLC Has $5.22 Million Stake in Somnigroup International Inc. $SGI

Fieldview Capital Management LLC increased its position in shares of Somnigroup International Inc. (NYSE:SGI) by 223.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,420 shares of the company’s stock after buying an additional 40,368 shares during the quarter. Somnigroup International accounts for about 0.9% of Fieldview Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Fieldview Capital Management LLC’s holdings in Somnigroup International were worth $5,216,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Core Wealth Advisors LLC bought a new position in shares of Somnigroup International during the fourth quarter worth about $30,000. Allworth Financial LP bought a new position in shares of Somnigroup International during the third quarter worth about $32,000. Elyxium Wealth LLC bought a new position in shares of Somnigroup International during the fourth quarter worth about $35,000. First Horizon Corp grew its holdings in shares of Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after buying an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Somnigroup International during the fourth quarter worth about $42,000. 99.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $90.00 to $88.00 in a report on Thursday, March 26th. UBS Group decreased their price objective 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 cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Truist Financial increased their price target on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, Stephens reissued an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a research report on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.60.

Somnigroup International Stock Performance

Shares of NYSE SGI opened at $72.14 on Friday. The company’s 50 day moving average is $72.57. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $15.17 billion, a PE ratio of 29.44, a PEG ratio of 1.34 and a beta of 1.21.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings results 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 firm had revenue of $1.80 billion during the quarter. During the same period last year, the company posted $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. As a group, research analysts forecast that Somnigroup International Inc. will post 3.15 EPS for the current year.

Somnigroup International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 annualized dividend and a yield of 0.9%. Somnigroup International’s dividend payout ratio is 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.