New Mexico Educational Retirement Board Makes New Investment in Somnigroup International Inc. $SGI

Key Points

• New Mexico Educational Retirement Board bought a new stake of 42,424 shares in Somnigroup (NYSE:SGI) worth about $3.58 million in Q3, joining other recent institutional moves; institutional investors now own roughly 99.86% of the stock.
• Somnigroup reported Q earnings of $0.72 EPS (meeting estimates) on $1.87 billion revenue, a 54.7% YoY increase, and set FY 2026 guidance of EPS 3.00–3.40.
• Analysts have an average rating of "Hold" with an average target of $106.33 (two Buys, three Holds); shares opened at $74.15, while UBS trimmed its target to $115.00.

New Mexico Educational Retirement Board acquired a new stake in Somnigroup International Inc. (NYSE:SGI - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 42,424 shares of the company's stock, valued at approximately $3,578,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hudson Bay Capital Management LP bought a new stake in shares of Somnigroup International during the third quarter worth $5,585,000. Allworth Financial LP acquired a new position in shares of Somnigroup International during the third quarter valued at $32,000. Finally, Swiss Life Asset Management Ltd boosted its holdings in Somnigroup International by 85.1% in the third quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company's stock valued at $764,000 after acquiring an additional 4,168 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SGI has been the subject of a number of research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Somnigroup International in a research report on Monday, December 29th. Wall Street Zen raised shares of Somnigroup International from a "hold" rating to a "buy" rating in a research note on Friday, November 28th. Zacks Research cut shares of Somnigroup International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 6th. UBS Group dropped their price target on shares of Somnigroup International from $122.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, February 18th. Finally, Stephens began coverage on shares of Somnigroup International in a report on Tuesday, February 10th. They issued an "equal weight" rating and a $89.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $106.33.

Somnigroup International Stock Down 1.9%

Shares of NYSE SGI opened at $74.15 on Friday. Somnigroup International Inc. has a twelve month low of $53.10 and a twelve month high of $98.56. The company has a market capitalization of $15.60 billion, a PE ratio of 41.42, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28. The company has a current ratio of 0.83, a quick ratio of 0.42 and a debt-to-equity ratio of 1.47. The stock's fifty day moving average price is $88.89.

Somnigroup International (NYSE:SGI - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.72 EPS for the quarter, meeting analysts' consensus estimates of $0.72. The business had revenue of $1.87 billion during the quarter. Somnigroup International had a net margin of 5.14% and a return on equity of 19.36%. Somnigroup International's quarterly revenue was up 54.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Somnigroup International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 5th. Somnigroup International's payout ratio is presently 37.99%.

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.

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.