Pinnbrook Capital Management LP Takes $7.95 Million Position in Somnigroup International Inc. $SGI

Pinnbrook Capital Management LP acquired a new stake in shares of Somnigroup International Inc. (NYSE:SGI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 101,429 shares of the company’s stock, valued at approximately $7,952,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in Somnigroup International in the fourth quarter valued at $30,000. Allworth Financial LP purchased a new stake in Somnigroup International in the 2nd quarter valued at about $31,000. Elyxium Wealth LLC purchased a new stake in Somnigroup International in the 4th quarter valued at about $35,000. Danske Bank A S acquired a new position in shares of Somnigroup International during the 2nd quarter valued at about $39,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Somnigroup International during the 4th quarter valued at about $42,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Somnigroup International Price Performance

SGI opened at $64.88 on Friday. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.45 and a beta of 1.20. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. The company has a fifty day simple moving average of $71.39 and a 200 day simple moving average of $75.69.

Somnigroup International (NYSE:SGI) last released 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 return on equity of 19.32% and a net margin of 7.00%.The business had revenue of $1.82 billion for the quarter. During the same quarter last year, the firm posted $0.53 EPS. The company’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. Equities research analysts expect that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International’s payout ratio is currently 27.20%.

Wall Street Analyst Weigh In

SGI has been the subject of several research analyst reports. UBS Group dropped their price target on shares of Somnigroup International from $105.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Morgan Stanley assumed coverage on Somnigroup International in a research report on Monday, July 27th. They issued an “overweight” rating and a $95.00 target price on the stock. Truist Financial reduced their target price on Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Wall Street Zen downgraded Somnigroup International from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Somnigroup International currently has an average rating of “Moderate Buy” and an average 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.