RIHO Partners LLC Buys Shares of 187,368 Somnigroup International Inc. $SGI

RIHO Partners LLC bought a new stake in Somnigroup International Inc. (NYSE:SGI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 187,368 shares of the company's stock, valued at approximately $14,690,000. Somnigroup International makes up about 8.3% of RIHO Partners LLC's investment portfolio, making the stock its 6th largest position. RIHO Partners LLC owned approximately 0.09% of Somnigroup International as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in SGI. Core Wealth Advisors LLC bought a new stake in shares of Somnigroup International in the 4th quarter valued at $30,000. Allworth Financial LP bought a new position in Somnigroup International during the second quarter worth about $31,000. Elyxium Wealth LLC bought a new position in Somnigroup International during the fourth quarter worth about $35,000. Danske Bank A S acquired a new position in Somnigroup International in the second quarter valued at about $39,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Somnigroup International in the fourth quarter valued at about $42,000. 99.86% of the stock is owned by institutional investors.

Insider Buying and Selling at Somnigroup International

In related news, CEO Scott L. Thompson acquired 30,000 shares of the firm's stock in a transaction dated 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 acquisition, the chief executive officer directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.99% of the stock is owned by insiders.

Somnigroup International Stock Performance

Shares of SGI stock opened at $64.40 on Friday. The company's fifty day simple moving average is $70.28 and its 200-day simple moving average is $74.63. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. The firm has a market cap of $13.55 billion, a PE ratio of 25.76, a P/E/G ratio of 1.40 and a beta of 1.20. Somnigroup International Inc. has a 12 month low of $60.39 and a 12 month high of $98.56.

Somnigroup International (NYSE:SGI - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share 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 last year, the business posted $0.53 EPS. The firm's revenue for the quarter 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 expect that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Announces Dividend

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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 20th. Somnigroup International's dividend payout ratio is currently 27.20%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SGI. Piper Sandler reaffirmed 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. Wall Street Zen lowered Somnigroup International from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Morgan Stanley initiated coverage on Somnigroup International in a research note on Monday, July 27th. They set an "overweight" rating and a $95.00 target price for the company. UBS Group dropped 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. Finally, Truist Financial reduced their price target on shares of Somnigroup International from $115.00 to $100.00 and set a "buy" rating for the company in a report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $94.50.

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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