Somnigroup International Inc. $SGI Stock Acquired by Tectonic Advisors LLC

Key Points

• Tectonic Advisors increased its Somnigroup International stake by 21% in the third quarter, bringing its holdings to 144,819 shares valued at approximately $9.0 million. Institutional investors collectively own 99.86% of SGI.
• Wall Street sentiment remains positive, with an average rating of “Buy” and a consensus price target of $95. Analysts cited targets as high as $102, while Zacks upgraded the stock to “strong buy.”
• SGI shares recently traded at $64.69, near their 52-week low, while the company reported quarterly revenue of $1.82 billion and earnings of $0.58 per share. CEO Scott Thompson also bought 30,000 shares, and the company maintains a quarterly dividend of $0.17.

Tectonic Advisors LLC grew its stake in Somnigroup International Inc. (NYSE:SGI - Free Report) by 21.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,819 shares of the company's stock after buying an additional 25,118 shares during the period. Tectonic Advisors LLC owned 0.07% of Somnigroup International worth $8,995,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Platform Technology Partners increased its position in Somnigroup International by 5.9% in the 1st quarter. Platform Technology Partners now owns 2,770 shares of the company's stock valued at $205,000 after acquiring an additional 155 shares during the period. HB Wealth Management LLC raised its position in Somnigroup International by 1.7% during the 1st quarter. HB Wealth Management LLC now owns 12,092 shares of the company's stock worth $894,000 after buying an additional 207 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Somnigroup International by 4.0% in the 3rd quarter. Sterling Capital Management LLC now owns 5,547 shares of the company's stock worth $345,000 after acquiring an additional 215 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in shares of Somnigroup International by 4.2% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,136 shares of the company's stock worth $454,000 after acquiring an additional 247 shares during the period. Finally, Mather Group LLC. boosted its holdings in shares of Somnigroup International by 168.8% in the third quarter. Mather Group LLC. now owns 414 shares of the company's stock valued at $26,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SGI. Morgan Stanley assumed coverage on shares of Somnigroup International in a report on Monday, July 27th. They set an "overweight" rating and a $95.00 price target for the company. Piper Sandler reiterated an "overweight" rating and set a $100.00 target price (up from $95.00) on shares of Somnigroup International in a research report on Thursday, September 3rd. Zacks Research upgraded Somnigroup International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 7th. UBS Group increased their target price on Somnigroup International from $94.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Finally, Wall Street Zen raised Somnigroup International from a "sell" rating to a "hold" rating in a report on Saturday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $95.00.

Insiders Place Their Bets

In other Somnigroup International news, CEO Scott Thompson bought 30,000 shares of the business's stock in a transaction on 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 completion of the transaction, the chief executive officer owned 4,123,634 shares in the company, valued at approximately $259,129,160.56. The trade was a 0.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.99% of the company's stock.

Somnigroup International Price Performance

Shares of SGI stock traded down $1.30 during midday trading on Friday, reaching $64.69. 1,740,582 shares of the company traded hands, compared to its average volume of 2,500,086. The firm's 50 day simple moving average is $64.41 and its two-hundred day simple moving average is $69.57. Somnigroup International Inc. has a 1-year low of $60.08 and a 1-year 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 cap of $13.61 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24.

Somnigroup International (NYSE:SGI - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%. The firm had revenue of $1.82 billion during the quarter. During the same period in the previous year, the business earned $0.53 earnings per share. The business'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. On average, equities research analysts expect that Somnigroup International Inc. will post 3.11 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 20th. Somnigroup International's dividend payout ratio is presently 27.20%.

Somnigroup International Profile

Somnigroup International Inc NYSE: SGI is a global bedding and sleep-products company. Its portfolio includes mattresses, pillows, adjustable bases, foundations, bed frames and other sleep-related products sold through retail stores, e-commerce channels and furniture and specialty retailers.

The company's principal brands include Tempur-Pedic, Sealy and Stearns & Foster. Somnigroup also operates Mattress Firm, a large specialty mattress retailer in the United States, providing consumers with access to a broad range of bedding products from its own brands and other manufacturers.

Somnigroup International was formerly known as Tempur Sealy International.

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