Ceredex Value Advisors LLC Purchases New Stake in Somnigroup International Inc. $SGI

Key Points

• Ceredex Value Advisors purchased 306,950 shares of Somnigroup International, valued at approximately $24.1 million, giving it a 0.15% stake. Institutional investors collectively own 99.86% of the company.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $94.50, although several firms recently lowered ratings or price targets.
• Somnigroup matched quarterly earnings expectations at $0.58 per share, while revenue fell 3% year over year to $1.82 billion. The company also announced a quarterly dividend of $0.17 per share, equivalent to a 1.1% annual yield.

Ceredex Value Advisors LLC purchased a new stake in shares of Somnigroup International Inc. (NYSE:SGI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 306,950 shares of the company's stock, valued at approximately $24,065,000. Ceredex Value Advisors LLC owned 0.15% of Somnigroup International as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in Somnigroup International in the third quarter valued at $32,000. Assetmark Inc. increased its holdings in shares of Somnigroup International by 56.6% in the 4th quarter. Assetmark Inc. now owns 512 shares of the company's stock valued at $46,000 after acquiring an additional 185 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Somnigroup International by 16.0% in the fourth quarter. Farther Finance Advisors LLC now owns 4,119 shares of the company's stock valued at $368,000 after buying an additional 568 shares during the last quarter. CWM LLC raised its stake in Somnigroup International by 15.5% during the 4th quarter. CWM LLC now owns 1,858 shares of the company's stock valued at $166,000 after acquiring an additional 249 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Somnigroup International during the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 99.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SGI. Wall Street Zen downgraded shares of Somnigroup International from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Morgan Stanley began coverage on Somnigroup International in a research note on Monday, July 27th. They set an "overweight" rating and a $95.00 price objective on the stock. UBS Group lowered their target price 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. Weiss Ratings lowered shares of Somnigroup International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, May 26th. Finally, Zacks Research lowered shares of Somnigroup International from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.50.

Somnigroup International Price Performance

Shares of NYSE SGI opened at $64.14 on Friday. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.48 and a beta of 1.20. 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 1-year low of $60.39 and a 1-year high of $98.56. The business has a 50-day moving average of $71.53 and a 200-day moving average of $75.77.

Somnigroup International (NYSE:SGI - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting 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 for the quarter. During the same period last year, the firm posted $0.53 earnings per share. The business'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 analysts anticipate that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Announces Dividend

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

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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