101,429 Shares in Somnigroup International Inc. $SGI Purchased by Pinnbrook Capital Management LP

Key Points

• Pinnbrook Capital Management acquired 101,429 shares of Somnigroup International, valued at approximately $7.95 million. Institutional investors and hedge funds own 99.86% of SGI’s outstanding shares.
• Analyst sentiment remains broadly positive, with seven Buy, two Hold, and one Sell ratings, producing a consensus “Moderate Buy” rating and an average price target of $94.50. However, several firms recently downgraded the stock or reduced their targets.
• Somnigroup reported quarterly EPS of $0.58, in line with estimates, on $1.82 billion in revenue, down 3% year over year. The company also declared a quarterly dividend of $0.17 per share, representing a 1.0% annualized yield.

Pinnbrook Capital Management LP acquired a new stake in Somnigroup International Inc. (NYSE:SGI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 101,429 shares of the company's stock, valued at approximately $7,952,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in shares of Somnigroup International during the fourth quarter worth about $30,000. Allworth Financial LP acquired a new position in Somnigroup International in the third quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new position in Somnigroup International in the fourth quarter valued at approximately $35,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Somnigroup International in the fourth quarter valued at approximately $42,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Somnigroup International in the fourth quarter valued at approximately $42,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SGI shares. Truist Financial cut their price objective on shares of Somnigroup International from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Weiss Ratings cut shares of Somnigroup International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, May 26th. Zacks Research downgraded shares of Somnigroup International from a "hold" rating to a "strong sell" rating in a research report on Monday, August 10th. Wall Street Zen lowered shares of Somnigroup International from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Finally, Morgan Stanley assumed coverage on shares of Somnigroup International in a research report on Monday, July 27th. They issued an "overweight" rating and a $95.00 price target for the company. 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $94.50.

Somnigroup International Stock Performance

NYSE SGI opened at $64.88 on Friday. The firm has a market cap of $13.65 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.45 and a beta of 1.20. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56. The business's 50-day moving average price is $71.39 and its 200 day moving average price is $75.69. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33.

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

Somnigroup International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Somnigroup International's dividend 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.

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