Public Employees Retirement System of Ohio Purchases New Shares in Somnigroup International Inc. $SGI

Key Points

• Public Employees Retirement System of Ohio bought 134,944 shares of Somnigroup International worth approximately $10.58 million, while institutional investors collectively own 99.86% of the company.
• CEO Scott L. Thompson purchased 30,000 shares at an average price of $62.84, increasing his holdings to more than 4.12 million shares; insiders own 3.99% of the stock.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and a $94.50 target price, although recent targets were reduced. SGI reported quarterly EPS of $0.58 on $1.82 billion in revenue, down 3% year over year, and pays a $0.17 quarterly dividend.

Public Employees Retirement System of Ohio purchased a new position in Somnigroup International Inc. (NYSE:SGI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 134,944 shares of the company's stock, valued at approximately $10,580,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Somnigroup International at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SGI. Sanctuary Advisors LLC lifted its position in shares of Somnigroup International by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company's stock valued at $260,000 after acquiring an additional 141 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Somnigroup International by 1.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company's stock valued at $975,000 after buying an additional 142 shares during the period. Fifth Third Bancorp raised its position in Somnigroup International by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,974 shares of the company's stock valued at $176,000 after buying an additional 148 shares during the period. Platform Technology Partners lifted its stake in Somnigroup International by 5.9% in the 1st quarter. Platform Technology Partners now owns 2,770 shares of the company's stock worth $205,000 after acquiring an additional 155 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in Somnigroup International by 0.5% during the 4th quarter. Illinois Municipal Retirement Fund now owns 32,172 shares of the company's stock valued at $2,872,000 after acquiring an additional 172 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company's stock.

Insider Activity at Somnigroup International

In other Somnigroup International news, CEO Scott L. Thompson acquired 30,000 shares of Somnigroup International stock in a transaction dated Thursday, August 27th. The stock was bought at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the acquisition, the chief executive officer owned 4,123,634 shares of the company's stock, valued at approximately $259,129,160.56. The trade was a 0.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Somnigroup International from $105.00 to $94.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Truist Financial dropped their price objective on shares of Somnigroup International from $115.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Morgan Stanley began coverage on Somnigroup International in a research note on Monday, July 27th. They issued an "overweight" rating and a $95.00 price target for the company. Zacks Research lowered shares of Somnigroup International from a "hold" rating to a "strong sell" rating in a research report 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, August 15th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Somnigroup International presently has an average rating of "Moderate Buy" and a consensus target price of $94.50.

Somnigroup International Stock Performance

NYSE SGI opened at $64.79 on Tuesday. The company's fifty day moving average is $70.11 and its two-hundred day moving average is $74.24. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. The firm has a market capitalization of $13.63 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 1.45 and a beta of 1.20.

Somnigroup International (NYSE:SGI - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.58 EPS for the quarter, meeting analysts' consensus estimates of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The business had revenue of $1.82 billion during the quarter. During the same period in the prior year, the company posted $0.53 EPS. The firm's quarterly 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. Equities research analysts forecast that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.0%. Somnigroup International's dividend payout ratio is currently 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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