Quantinno Capital Management LP Purchases 33,729 Shares of Somnigroup International Inc. $SGI

Quantinno Capital Management LP raised its position in shares of Somnigroup International Inc. (NYSE:SGI) by 27.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 154,491 shares of the company’s stock after purchasing an additional 33,729 shares during the period. Quantinno Capital Management LP’s holdings in Somnigroup International were worth $11,420,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in Somnigroup International by 193.4% during the 1st quarter. Renaissance Technologies LLC now owns 494,100 shares of the company’s stock valued at $36,524,000 after acquiring an additional 325,700 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Somnigroup International by 12.0% in the first quarter. Public Employees Retirement System of Ohio now owns 125,100 shares of the company’s stock worth $9,247,000 after purchasing an additional 13,427 shares during the period. M.D. Sass LLC increased its stake in shares of Somnigroup International by 9.7% during the first quarter. M.D. Sass LLC now owns 642,354 shares of the company’s stock valued at $47,483,000 after purchasing an additional 56,703 shares in the last quarter. Inceptionr LLC bought a new position in shares of Somnigroup International during the first quarter valued at approximately $976,000. Finally, Sei Investments Co. lifted its holdings in shares of Somnigroup International by 50.5% during the first quarter. Sei Investments Co. now owns 1,210,427 shares of the company’s stock valued at $89,475,000 after purchasing an additional 406,141 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Performance

SGI stock opened at $66.70 on Tuesday. The stock has a market capitalization of $14.03 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.22 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. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. The stock’s 50 day simple moving average is $72.50 and its 200 day simple moving average is $78.18.

Somnigroup International (NYSE:SGI) last issued its earnings results on Thursday, May 7th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The business had revenue of $1.80 billion for the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, research analysts forecast that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is 27.76%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SGI. Bank of America dropped their price target on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group lowered their price objective on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Morgan Stanley assumed coverage on Somnigroup International in a research note on Monday, July 27th. They issued an “overweight” rating and a $95.00 target price on the stock. Finally, Stephens restated an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a report on Tuesday, April 14th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Somnigroup International has a consensus rating of “Moderate Buy” and an average price target of $98.14.

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.