Goodnow Investment Group LLC Takes Position in Somnigroup International Inc. $SGI

Goodnow Investment Group LLC bought a new position in shares of Somnigroup International Inc. (NYSE:SGI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 687,425 shares of the company’s stock, valued at approximately $53,894,000. Somnigroup International comprises approximately 5.6% of Goodnow Investment Group LLC’s holdings, making the stock its 7th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP raised its position in shares of Somnigroup International by 27.9% in the 1st quarter. Quantinno Capital Management LP now owns 154,491 shares of the company’s stock valued at $11,420,000 after buying an additional 33,729 shares in the last quarter. Renaissance Technologies LLC grew its position in Somnigroup International by 193.4% during the 1st quarter. Renaissance Technologies LLC now owns 494,100 shares of the company’s stock worth $36,524,000 after acquiring an additional 325,700 shares during the last quarter. Argent Capital Management LLC raised its stake in shares of Somnigroup International by 51.1% during the first quarter. Argent Capital Management LLC now owns 91,161 shares of the company’s stock valued at $6,739,000 after acquiring an additional 30,839 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings 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 during the last quarter. Finally, Emmett Investment Management LP raised its stake in Somnigroup International by 26.5% during the first quarter. Emmett Investment Management LP now owns 95,825 shares of the company’s stock worth $7,054,000 after buying an additional 20,075 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SGI has been the subject of a number of research reports. UBS Group reduced their price target on shares of Somnigroup International from $105.00 to $94.00 and set a “buy” rating for the company in a report on Friday, August 7th. Truist Financial lowered their price target on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Wall Street Zen lowered shares of Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Zelman & Associates initiated coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target for the company. Finally, Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.50.

Somnigroup International Stock Down 0.4%

Shares of NYSE:SGI opened at $64.42 on Tuesday. 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’s 50-day moving average price is $71.19 and its 200-day moving average price is $75.38. The stock has a market capitalization of $13.55 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 1.45 and a beta of 1.20. Somnigroup International Inc. has a 12-month low of $60.39 and a 12-month high of $98.56.

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

Somnigroup International Announces Dividend

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

About Somnigroup International

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.