42,613 Shares in Somnigroup International Inc. $SGI Acquired by Kintayl Capital LP

Key Points

• Kintayl Capital LP acquired 42,613 shares of Somnigroup International in the second quarter, valued at roughly $3.34 million and representing 1.3% of the fund’s portfolio. Institutional investors collectively own 99.86% of SGI.
• SGI recently traded at $64.17, near its 52-week low of $60.39, despite meeting quarterly earnings expectations with $0.58 EPS and reporting $1.82 billion in revenue, down 3% year over year.
• The company declared a quarterly dividend of $0.17, or $0.68 annually, for a 1.1% yield. Analyst sentiment remains a Moderate Buy, with a consensus price target of $94.50, though ratings range from “strong sell” to “overweight.”

Kintayl Capital LP bought a new stake in Somnigroup International Inc. (NYSE:SGI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 42,613 shares of the company's stock, valued at approximately $3,341,000. Somnigroup International comprises approximately 1.3% of Kintayl Capital LP's portfolio, making the stock its 25th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of SGI. Sanctuary Advisors LLC lifted its stake in shares of Somnigroup International by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company's stock valued at $260,000 after purchasing an additional 141 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Somnigroup International by 1.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company's stock worth $975,000 after buying an additional 142 shares during the last quarter. Fifth Third Bancorp increased its position in Somnigroup International by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,974 shares of the company's stock worth $176,000 after buying an additional 148 shares during the last quarter. Platform Technology Partners raised its holdings in Somnigroup International by 5.9% during the first quarter. Platform Technology Partners now owns 2,770 shares of the company's stock valued at $205,000 after buying an additional 155 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Somnigroup International by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 32,172 shares of the company's stock worth $2,872,000 after buying an additional 172 shares during the last quarter. Institutional investors own 99.86% of the company's stock.

Somnigroup International Stock Down 0.2%

SGI stock opened at $64.17 on Wednesday. The stock has a market capitalization of $13.50 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20. The company has a 50-day moving average of $70.98 and a two-hundred day moving average of $75.17. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56. 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 (NYSE:SGI - Get Free Report) 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 business had revenue of $1.82 billion for the quarter. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company's revenue for the quarter was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities research analysts anticipate that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given 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 currently 27.20%.

Analyst Ratings Changes

SGI has been the subject of several recent analyst reports. Morgan Stanley started coverage on Somnigroup International in a research note on Monday, July 27th. They set an "overweight" rating and a $95.00 price target for the company. Truist Financial reduced their target price on Somnigroup International from $115.00 to $100.00 and set a "buy" rating for the company in a report on Friday, August 7th. Zacks Research cut Somnigroup International from a "hold" rating to a "strong sell" rating in a research report on Monday, August 10th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Somnigroup International in a report on Friday. Finally, Zelman & Associates began coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They issued an "outperform" rating and a $99.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Somnigroup International currently has an average rating of "Moderate Buy" and a consensus price target of $94.50.

Somnigroup International 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.

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