Two Sigma Securities LLC Buys New Shares in Somnigroup International Inc. $SGI

Two Sigma Securities LLC bought a new position in shares of Somnigroup International Inc. (NYSE:SGI) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 17,594 shares of the company’s stock, valued at approximately $1,379,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Somnigroup International in the 2nd quarter valued at about $1,507,604,000. Linonia Partnership LP bought a new stake in shares of Somnigroup International in the 2nd quarter valued at about $519,372,000. Geode Capital Management LLC raised its holdings in shares of Somnigroup International by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock valued at $390,699,000 after purchasing an additional 371,234 shares during the period. JPMorgan Chase & Co. lifted its stake in Somnigroup International by 7.3% in the 4th 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 last quarter. Finally, Third Point LLC lifted its stake in Somnigroup International by 13.3% in the 4th 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 last quarter. 99.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Scott L. Thompson acquired 30,000 shares of the stock in a transaction on Thursday, August 27th. The shares were purchased at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the transaction, the chief executive officer directly 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SGI has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a research report on Friday, August 21st. Zelman & Associates initiated coverage on Somnigroup International in a report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 target price on the stock. Piper Sandler restated an “overweight” rating and issued a $95.00 price target (down from $102.00) on shares of Somnigroup International in a research note on Friday, August 7th. Wall Street Zen cut Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Morgan Stanley initiated 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. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Somnigroup International has a consensus rating of “Moderate Buy” and an average target price of $94.50.

Somnigroup International Stock Up 0.7%

Somnigroup International stock opened at $64.79 on Tuesday. The stock has a market cap of $13.63 billion, a P/E ratio of 25.92, a P/E/G ratio of 1.45 and a beta of 1.20. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The company’s 50-day moving average price is $70.11 and its two-hundred day moving average price is $74.24.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share (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 during the quarter. During the same quarter last year, the business earned $0.53 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, analysts expect that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Announces Dividend

The company also recently declared 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. The ex-dividend date is Thursday, August 20th. This represents a $0.68 annualized dividend and a yield of 1.0%. Somnigroup International’s payout ratio is 27.20%.

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.