M.D. Sass LLC Purchases New Shares in Somnigroup International Inc. $SGI

M.D. Sass LLC acquired a new stake in Somnigroup International Inc. (NYSE:SGI) during the second quarter, HoldingsChannel reports. The fund acquired 836,265 shares of the company’s stock, valued at approximately $65,563,000. Somnigroup International makes up approximately 4.3% of M.D. Sass LLC’s investment portfolio, making the stock its 11th largest holding.

Several other hedge funds also recently made changes to their positions in SGI. Core Wealth Advisors LLC bought a new position in Somnigroup International during the 4th quarter worth $30,000. Allworth Financial LP bought a new position in Somnigroup International in the third quarter valued at about $32,000. Elyxium Wealth LLC bought a new stake in shares of Somnigroup International during the 4th quarter valued at approximately $35,000. First Horizon Corp grew its stake 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 during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Somnigroup International in the 4th quarter worth about $42,000. 99.86% of the stock is owned by institutional investors.

Somnigroup International Trading Down 1.6%

Shares of SGI stock opened at $63.98 on Wednesday. Somnigroup International Inc. has a 1-year low of $60.39 and a 1-year high of $98.56. 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 stock has a market cap of $13.46 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.48 and a beta of 1.20. The stock has a 50-day moving average of $71.75 and a 200-day moving average of $76.10.

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

Somnigroup International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.68 annualized dividend and a yield of 1.1%. Somnigroup International’s dividend payout ratio (DPR) is presently 27.20%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SGI. Zelman & Associates initiated coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective for the company. Zacks Research lowered shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Weiss Ratings cut shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. UBS Group dropped their price target on shares of Somnigroup International from $105.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Morgan Stanley began coverage on shares of Somnigroup International in a report on Monday, July 27th. They set an “overweight” rating and a $95.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.