Thornburg Investment Management Inc. Purchases Shares of 81,948 Somnigroup International Inc. $SGI

Thornburg Investment Management Inc. purchased a new position in Somnigroup International Inc. (NYSE:SGI) in the second quarter, HoldingsChannel reports. The institutional investor purchased 81,948 shares of the company’s stock, valued at approximately $6,425,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Somnigroup International in the 2nd quarter valued at $1,507,604,000. Linonia Partnership LP acquired a new stake in Somnigroup International during the 2nd quarter worth about $519,372,000. Geode Capital Management LLC lifted its position in 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 during the period. JPMorgan Chase & Co. increased its holdings in shares of Somnigroup International by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock valued at $306,160,000 after purchasing an additional 232,953 shares during the period. Finally, Third Point LLC increased its holdings in shares of Somnigroup International by 13.3% in the fourth quarter. Third Point LLC now owns 3,400,000 shares of the company’s stock valued at $303,552,000 after purchasing an additional 400,000 shares during the period. 99.86% of the stock is owned by hedge funds and other institutional investors.

Somnigroup International Stock Up 3.1%

Shares of SGI stock opened at $64.40 on Friday. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The stock has a market cap of $13.55 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.45 and a beta of 1.20. The stock has a 50 day moving average of $70.28 and a 200 day moving average of $74.63. 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 (NYSE:SGI) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $1.82 billion for the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, sell-side analysts expect that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid 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 payout ratio is currently 27.20%.

Insider Transactions at Somnigroup International

In other news, CEO Scott L. Thompson purchased 30,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the acquisition, the chief executive officer owned 4,123,634 shares of the company’s stock, valued at approximately $259,129,160.56. This represents a 0.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SGI. Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Zelman & Associates began coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective on the stock. Morgan Stanley assumed coverage on shares of Somnigroup International in a research note on Monday, July 27th. They issued an “overweight” rating and a $95.00 price objective on the stock. Wall Street Zen cut shares of Somnigroup International from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Zacks Research downgraded shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Somnigroup International has a consensus rating of “Moderate Buy” and a consensus target price 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.