IPG Investment Advisors LLC Buys 25,600 Shares of Somnigroup International Inc. $SGI

Key Points

• IPG Investment Advisors LLC increased its stake in Somnigroup International by 43.7% in the fourth quarter, buying 25,600 additional shares and bringing its total to 84,236 shares worth about $7.5 million.
• Institutional ownership in SGI remains extremely high, with several other hedge funds also adding shares; the article says 99.86% of the stock is held by institutional investors.
• Somnigroup International reported stronger-than-expected quarterly results, with EPS of $0.59 beating estimates and revenue rising 12.3% year over year, while analysts currently rate the stock a Moderate Buy with a consensus price target of $98.60.

IPG Investment Advisors LLC raised its stake in shares of Somnigroup International Inc. (NYSE:SGI - Free Report) by 43.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,236 shares of the company's stock after purchasing an additional 25,600 shares during the quarter. Somnigroup International accounts for about 1.3% of IPG Investment Advisors LLC's holdings, making the stock its 19th biggest holding. IPG Investment Advisors LLC's holdings in Somnigroup International were worth $7,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC lifted its position in 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 purchasing an additional 371,234 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Somnigroup International during the third quarter valued at approximately $269,540,000. Allspring Global Investments Holdings LLC lifted its position in Somnigroup International by 6.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company's stock valued at $166,373,000 after purchasing an additional 121,244 shares during the last quarter. Zeno Equity Partners LLP lifted its position in Somnigroup International by 14.9% during the fourth quarter. Zeno Equity Partners LLP now owns 267,584 shares of the company's stock valued at $23,890,000 after purchasing an additional 34,607 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its position in Somnigroup International by 0.4% during the fourth quarter. Tectonic Advisors LLC now owns 123,107 shares of the company's stock valued at $10,991,000 after purchasing an additional 548 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on SGI. UBS Group dropped their target price on shares of Somnigroup International from $110.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, May 8th. Weiss Ratings lowered shares of Somnigroup International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday. Bank of America dropped their target price on shares of Somnigroup International from $106.00 to $96.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. Jefferies Financial Group upgraded shares of Somnigroup International from a "hold" rating to a "buy" rating and dropped their target price for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Finally, Truist Financial lifted their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $98.60.

Somnigroup International Stock Performance

Shares of SGI opened at $70.26 on Thursday. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 1.28 and a beta of 1.25. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56. The business has a 50 day simple moving average of $73.59.

Somnigroup International (NYSE:SGI - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The firm had revenue of $1.80 billion during the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The company's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, equities research analysts predict that Somnigroup International Inc. will post 3.2 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, June 4th. Stockholders of record on Thursday, May 21st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, May 21st. Somnigroup International's payout ratio is presently 27.76%.

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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