21,950 Shares in Somnigroup International Inc. $SGI Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Somnigroup International Inc. (NYSE:SGI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,950 shares of the company’s stock, valued at approximately $1,721,000.

Several other hedge funds have also recently added to or reduced their stakes in SGI. BlackRock Inc. bought a new position in shares of Somnigroup International in the second quarter valued at $1,507,604,000. California State Teachers Retirement System lifted its position in shares of Somnigroup International by 7,702.3% during the 2nd quarter. California State Teachers Retirement System now owns 18,088,526 shares of the company’s stock valued at $1,418,140,000 after acquiring an additional 17,856,689 shares during the last quarter. Linonia Partnership LP bought a new stake in shares of Somnigroup International during the 2nd quarter worth $519,372,000. Geode Capital Management LLC boosted its stake in shares of Somnigroup International by 9.3% during the 4th quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock worth $390,699,000 after acquiring an additional 371,234 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Somnigroup International by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock worth $306,160,000 after acquiring an additional 232,953 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Stock Performance

Shares of SGI opened at $66.71 on Friday. The company’s 50 day moving average price is $68.36 and its 200 day moving average price is $72.82. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a market capitalization of $14.03 billion, a PE ratio of 26.68, a PEG ratio of 1.08 and a beta of 1.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75.

Somnigroup International (NYSE:SGI) last released its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The company had revenue of $1.82 billion during the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Research analysts expect that Somnigroup International Inc. will post 3.11 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.17 dividend. The ex-dividend date of this dividend was 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 27.20%.

Insider Activity

In other news, CEO Scott Thompson acquired 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was acquired at an average cost of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SGI shares. Wall Street Zen raised Somnigroup International from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a research report on Friday, August 21st. Truist Financial cut their target price 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. UBS Group increased their target price on Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Finally, Zelman & Associates began coverage on Somnigroup International in a research report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Somnigroup International has a consensus rating of “Moderate Buy” and a consensus target price of $96.12.

About Somnigroup International

Somnigroup International Inc is a global sleep products company that designs, manufactures, distributes and sells mattresses, pillows, adjustable bases, foundations and other bedding products. The company serves consumers through a combination of wholesale, direct-to-consumer and retail channels, including company-operated and franchised retail locations.

Somnigroup’s portfolio includes well-known brands such as Tempur-Pedic, Sealy, Stearns & Foster and Cocoon by Sealy. Following its combination with Mattress Firm, the company also operates one of the largest mattress specialty retail platforms in North America, offering products from its own brands as well as other manufacturers.

The company traces its roots to Tempur Sealy International, which was formed through the combination of Tempur-Pedic and Sealy.