Empowered Funds LLC Invests $5.86 Million in Somnigroup International Inc. $SGI

Key Points

• Empowered Funds LLC acquired 74,763 shares of Somnigroup International, worth approximately $5.86 million, while institutional investors collectively own 99.86% of the company.
• CEO Scott L. Thompson purchased 30,000 shares for about $1.89 million, increasing his position by 0.73%; company insiders own 3.99% of outstanding shares.
• SGI’s latest quarterly results matched analyst expectations at $0.58 EPS on $1.82 billion in revenue, while analysts maintain a “Moderate Buy” consensus with an average price target of $94.50, well above the $64.40 opening price cited.

Empowered Funds LLC purchased a new stake in Somnigroup International Inc. (NYSE:SGI - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 74,763 shares of the company's stock, valued at approximately $5,861,000.

A number of other institutional investors have also modified their holdings of the business. Core Wealth Advisors LLC acquired a new stake in Somnigroup International during the fourth quarter worth about $30,000. Allworth Financial LP acquired a new position in Somnigroup International in the second quarter valued at approximately $31,000. Elyxium Wealth LLC acquired a new position in Somnigroup International in the fourth quarter valued at approximately $35,000. Danske Bank A S bought a new position in shares of Somnigroup International during the second quarter valued at approximately $39,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Somnigroup International during the fourth quarter valued at approximately $42,000. Institutional investors own 99.86% of the company's stock.

Insider Transactions at Somnigroup International

In other Somnigroup International news, CEO Scott L. Thompson purchased 30,000 shares of Somnigroup International stock in a transaction on Thursday, August 27th. The stock was bought at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the transaction, the chief executive officer 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.99% of the company's stock.

Somnigroup International Price Performance

Shares of NYSE:SGI opened at $64.40 on Monday. The firm's 50 day moving average is $70.28 and its two-hundred day moving average is $74.48. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The firm has a market capitalization of $13.55 billion, a P/E ratio of 25.76, a PEG ratio of 1.45 and a beta of 1.20. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33.

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

Somnigroup International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders 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 annualized dividend and a yield of 1.1%. Somnigroup International's payout ratio is presently 27.20%.

Analyst Ratings Changes

SGI has been the topic of a number of research reports. Piper Sandler reiterated an "overweight" rating and set a $95.00 price target (down from $102.00) on shares of Somnigroup International in a research report on Friday, August 7th. Zacks Research lowered Somnigroup International from a "hold" rating to a "strong sell" rating in a research report on Monday, August 10th. Morgan Stanley initiated coverage on Somnigroup International in a research note on Monday, July 27th. They set an "overweight" rating and a $95.00 price objective for the company. Wall Street Zen lowered Somnigroup International from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Finally, Truist Financial cut their target price on Somnigroup International from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $94.50.

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.

Want to see what other hedge funds are holding SGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Somnigroup International Inc. (NYSE:SGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source