M.D. Sass LLC Invests $65.56 Million in Somnigroup International Inc. $SGI

M.D. Sass LLC acquired a new stake in Somnigroup International Inc. (NYSE:SGI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 836,265 shares of the company's stock, valued at approximately $65,563,000. Somnigroup International makes up approximately 4.3% of M.D. Sass LLC's portfolio, making the stock its 11th largest holding. M.D. Sass LLC owned 0.40% of Somnigroup International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SGI. Core Wealth Advisors LLC bought a new stake in Somnigroup International during the fourth quarter worth about $30,000. Allworth Financial LP bought a new position in Somnigroup International in the third quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new position in shares of Somnigroup International during the 4th quarter worth approximately $35,000. First Horizon Corp increased its position in shares of Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company's stock worth $41,000 after purchasing an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Somnigroup International during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 99.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley began coverage on Somnigroup International in a report on Monday, July 27th. They issued an "overweight" rating and a $95.00 price objective for the company. UBS Group lowered their target price on shares of Somnigroup International from $105.00 to $94.00 and set a "buy" rating on the stock in a report 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. Zacks Research cut shares of Somnigroup International from a "hold" rating to a "strong sell" rating in a research note on Monday, August 10th. Finally, Wall Street Zen cut shares of Somnigroup International from a "hold" rating to a "sell" rating in a research note on Saturday. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $94.50.

Somnigroup International Price Performance

Shares of NYSE SGI opened at $63.98 on Wednesday. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The company has a market cap of $13.46 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. The business's 50 day moving average price is $71.75 and its two-hundred day moving average price is $76.10. 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 issued its earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $1.82 billion during the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The business's revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, analysts predict that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International's payout ratio is 27.20%.

Somnigroup International Company 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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