Makena Capital Management LLC Decreases Holdings in Somnigroup International Inc. $SGI

Makena Capital Management LLC trimmed its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 36.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 218,934 shares of the company’s stock after selling 126,420 shares during the quarter. Somnigroup International makes up 2.3% of Makena Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Makena Capital Management LLC’s holdings in Somnigroup International were worth $19,546,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SGI. JPMorgan Chase & Co. purchased a new position in Somnigroup International during the third quarter valued at $269,540,000. Allspring Global Investments Holdings LLC raised its position in shares of Somnigroup International by 6.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock valued at $166,373,000 after buying an additional 121,244 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Somnigroup International in the third quarter valued at about $5,585,000. Horizon Investments LLC raised its position in shares of Somnigroup International by 2,046,900.0% in the fourth quarter. Horizon Investments LLC now owns 61,410 shares of the company’s stock valued at $5,483,000 after buying an additional 61,407 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Somnigroup International by 134.5% in the fourth quarter. SG Americas Securities LLC now owns 84,144 shares of the company’s stock valued at $7,512,000 after buying an additional 48,257 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Somnigroup International

Here are the key news stories impacting Somnigroup International this week:

• Positive Sentiment: Somnigroup posted first-quarter adjusted EPS of $0.59, topping Wall Street estimates, while revenue rose 12.3% year over year to $1.80 billion and operating cash flow hit a record $246 million. Somnigroup International Inc. Reports First Quarter 2026 Results
• Positive Sentiment: The board declared a quarterly cash dividend of $0.17 per share, underscoring continued shareholder returns. Somnigroup Announces Second Quarter Cash Dividend
• Neutral Sentiment: Management reaffirmed full-year 2026 EPS guidance of $3.00 to $3.40, which matched expectations closely but did not provide an upside surprise. Somnigroup International Inc. Reports First Quarter 2026 Results
• Negative Sentiment: Investors appear concerned about softness in bedding demand and profitability pressure at Mattress Firm, with commentary pointing to promotional activity and margin compression. SGI Q1 deep dive: Margin expansion amid challenging bedding market and demand pressures
• Negative Sentiment: Some market coverage framed the stock’s decline as a reaction to the earnings report, with scrutiny on guidance, retail margins, and deal-related uncertainty tied to the proposed Leggett & Platt acquisition. Somnigroup (SGI) falls after Q1 report, as guidance and retail margins draw scrutiny

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating and reduced their target price for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Bank of America dropped their price target on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. UBS Group dropped their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Friday. Stephens reissued an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Finally, Truist Financial raised their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.60.

Somnigroup International Stock Down 1.7%

Shares of Somnigroup International stock opened at $69.44 on Friday. Somnigroup International Inc. has a 52-week low of $59.01 and a 52-week high of $98.56. The business has a 50 day moving average price of $78.29. The company has a quick ratio of 0.42, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $14.61 billion, a P/E ratio of 28.34, a P/E/G ratio of 1.10 and a beta of 1.25.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The company had revenue of $1.80 billion during the quarter. During the same quarter in the prior year, the firm earned $0.49 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, research analysts anticipate that Somnigroup International Inc. will post 3.25 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is presently 27.76%.

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.