Silvant Capital Management LLC Purchases Shares of 87,585 Somnigroup International Inc. $SGI

Key Points

• Silvant Capital Management acquired 87,585 Somnigroup International shares worth approximately $6.9 million during the second quarter. Institutional investors own 99.86% of the company, with BlackRock holding a newly acquired position valued at roughly $1.5 billion.
• Somnigroup reported quarterly EPS of $0.58, in line with estimates, on $1.82 billion in revenue; revenue declined 3% year over year. The company issued fiscal 2026 EPS guidance of $2.85–$3.15.
• The stock opened at $64.14, well below its 12-month high of $98.56. Analysts maintain a consensus “Moderate Buy” rating with a $94.50 price target, while the company declared a quarterly dividend of $0.17, yielding about 1.1% annually.

Silvant Capital Management LLC acquired a new position in Somnigroup International Inc. (NYSE:SGI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 87,585 shares of the company's stock, valued at approximately $6,867,000.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Somnigroup International in the second quarter valued at $1,507,604,000. Artisan Partners Limited Partnership bought a new stake in Somnigroup International in the fourth quarter worth $274,323,000. Norges Bank purchased a new stake in Somnigroup International during the fourth quarter valued at $270,814,000. Bank of New York Mellon Corp purchased a new stake in Somnigroup International during the second quarter valued at $106,681,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Somnigroup International by 62.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company's stock valued at $224,240,000 after purchasing an additional 1,171,485 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Somnigroup International Stock Performance

Shares of NYSE:SGI opened at $64.14 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. Somnigroup International Inc. has a 12 month low of $60.39 and a 12 month high of $98.56. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.48 and a beta of 1.20. The firm's 50-day moving average is $71.53 and its 200 day moving average is $75.77.

Somnigroup International (NYSE:SGI - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 previous year, the business earned $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. Research analysts predict that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 20th. Somnigroup International's dividend payout ratio is presently 27.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Zelman & Associates started coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They issued an "outperform" rating and a $99.00 price objective for the company. Piper Sandler reiterated an "overweight" rating and issued a $95.00 target price (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. UBS Group cut their target price on Somnigroup International from $105.00 to $94.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Morgan Stanley began coverage on Somnigroup International in a report on Monday, July 27th. They set an "overweight" rating and a $95.00 price target on the stock. Finally, Wall Street Zen downgraded Somnigroup International from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Somnigroup International currently has an average rating of "Moderate Buy" and a consensus 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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