Somnigroup International Inc. $SGI Stake Boosted by IPG Investment Advisors LLC

IPG Investment Advisors LLC lifted its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 28.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 132,859 shares of the company’s stock after buying an additional 29,446 shares during the quarter. Somnigroup International makes up approximately 1.2% of IPG Investment Advisors LLC’s portfolio, making the stock its 21st biggest position. IPG Investment Advisors LLC’s holdings in Somnigroup International were worth $8,252,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Somnigroup International in the 2nd quarter valued at approximately $1,507,604,000. Linonia Partnership LP acquired a new stake in shares of Somnigroup International in the 2nd quarter valued at $519,372,000. Allspring Global Investments Holdings LLC lifted its position in shares of Somnigroup International by 62.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after purchasing an additional 1,171,485 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Somnigroup International during the 2nd quarter worth $204,632,000. Finally, Avala Global LP acquired a new position in shares of Somnigroup International during the second quarter worth $107,831,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SGI has been the subject of a number of recent analyst reports. Morgan Stanley began coverage on Somnigroup International in a report on Monday, July 27th. They set an “overweight” rating and a $95.00 price target for the company. Stephens upgraded Somnigroup International from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.00 to $80.00 in a report on Monday, September 14th. Wall Street Zen upgraded Somnigroup International from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. UBS Group raised their target price on Somnigroup International from $94.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, Zacks Research upgraded Somnigroup International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Somnigroup International presently has an average rating of “Buy” and a consensus target price of $95.00.

Somnigroup International Trading Down 1.7%

NYSE SGI opened at $65.31 on Wednesday. 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’s fifty day moving average price is $64.19 and its 200 day moving average price is $73.61. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.09 and a beta of 1.30. Somnigroup International Inc. has a 12 month low of $60.08 and a 12 month high of $98.56.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The firm had revenue of $1.82 billion for the quarter. During the same quarter in the prior year, the business earned $0.53 earnings per share. Somnigroup International’s revenue was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, sell-side analysts expect that Somnigroup International Inc. will post 3.10 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Scott Thompson acquired 30,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were bought at an average price 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 in the company, valued at $259,129,160.56. This trade represents a 0.73% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.99% of the company’s stock.

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.