Somnigroup International (NYSE:SGI) CEO Scott Thompson Buys 30,000 Shares of Stock

Somnigroup International Inc. (NYSE:SGI) CEO Scott Thompson acquired 30,000 shares of Somnigroup International stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the purchase, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. The trade was a 0.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Somnigroup International Stock Performance

Somnigroup International stock opened at $62.41 on Friday. The company has a market cap of $13.13 billion, a PE ratio of 24.96, a P/E/G ratio of 1.41 and a beta of 1.20. The company has a fifty day moving average price of $70.49 and a two-hundred day moving average price of $74.70. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. Somnigroup International Inc. has a 12 month low of $60.39 and a 12 month high of $98.56.

Somnigroup International (NYSE:SGI) last released its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The firm 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 firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Research analysts expect that Somnigroup International Inc. will post 3.02 earnings per share for the current year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International’s dividend payout ratio is currently 27.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Zacks Research downgraded Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. UBS Group dropped their price target on Somnigroup International from $105.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Piper Sandler reissued an “overweight” rating and issued a $95.00 price target (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.50.

Institutional Trading of Somnigroup International

A number of large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Somnigroup International during the 2nd quarter valued at about $1,507,604,000. California State Teachers Retirement System increased its stake in shares of Somnigroup International by 7,702.3% in the second quarter. California State Teachers Retirement System now owns 18,088,526 shares of the company’s stock valued at $1,418,140,000 after purchasing an additional 17,856,689 shares during the period. Linonia Partnership LP bought a new stake in shares of Somnigroup International during the second quarter valued at approximately $519,372,000. Geode Capital Management LLC raised its holdings in shares of Somnigroup International by 9.3% during the fourth quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock valued at $390,699,000 after buying an additional 371,234 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Somnigroup International by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock valued at $306,160,000 after buying an additional 232,953 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

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.