RIHO Partners LLC Takes $14.69 Million Position in Somnigroup International Inc. $SGI

RIHO Partners LLC bought a new stake in Somnigroup International Inc. (NYSE:SGI) in the 2nd quarter, Holdings Channel reports. The firm bought 187,368 shares of the company’s stock, valued at approximately $14,690,000. Somnigroup International makes up approximately 8.3% of RIHO Partners LLC’s portfolio, making the stock its 6th largest holding.

A number of other institutional investors have also added to or reduced their stakes in SGI. BlackRock Inc. bought a new stake in Somnigroup International during the second quarter worth $1,507,604,000. Linonia Partnership LP acquired a new stake in Somnigroup International in the second quarter valued at $519,372,000. Artisan Partners Limited Partnership acquired a new stake in Somnigroup International in the fourth quarter valued at $274,323,000. Norges Bank bought a new position in shares of Somnigroup International in the 4th quarter valued at about $270,814,000. Finally, Bank of America Corp DE bought a new position in shares of Somnigroup International in the 2nd quarter valued at about $204,632,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Somnigroup International Stock Performance

Shares of SGI stock opened at $64.40 on Friday. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.40 and a beta of 1.20. The company has a 50-day simple moving average of $70.28 and a 200 day simple moving average of $74.63. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $1.82 billion for the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, sell-side analysts predict that Somnigroup International Inc. will post 3.02 earnings per share for the current year.

Somnigroup International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Somnigroup International’s dividend payout ratio (DPR) is 27.20%.

Insider Buying and Selling at Somnigroup International

In other news, CEO Scott L. Thompson bought 30,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were bought at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the purchase, the chief executive officer owned 4,123,634 shares in the company, valued at approximately $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

SGI has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Somnigroup International from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Truist Financial cut their target price on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 7th. UBS Group reduced their price target on Somnigroup International from $105.00 to $94.00 and set a “buy” rating for the company in a report on Friday, August 7th. Zacks Research downgraded Somnigroup International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Piper Sandler restated an “overweight” rating and issued a $95.00 price objective (down from $102.00) on shares of Somnigroup International in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Somnigroup International presently has an average rating of “Moderate Buy” and an average target price of $94.50.

About Somnigroup International

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.