William Blair Investment Management LLC Makes New $70.04 Million Investment in Somnigroup International Inc. $SGI

William Blair Investment Management LLC bought a new stake in shares of Somnigroup International Inc. (NYSE:SGI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,127,624 shares of the company’s stock, valued at approximately $70,037,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SGI. Allworth Financial LP acquired a new position in shares of Somnigroup International in the 2nd quarter valued at $31,000. Mather Group LLC. raised its holdings in Somnigroup International by 168.8% during the 3rd quarter. Mather Group LLC. now owns 414 shares of the company’s stock worth $26,000 after buying an additional 260 shares during the period. Salomon & Ludwin LLC raised its holdings in Somnigroup International by 772.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 436 shares of the company’s stock worth $27,000 after buying an additional 386 shares during the period. Signature Equity Partners LLC lifted its stake in Somnigroup International by 173.1% during the third quarter. Signature Equity Partners LLC now owns 478 shares of the company’s stock valued at $30,000 after buying an additional 303 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in Somnigroup International by 11,900.0% during the third quarter. SBI Securities Co. Ltd. now owns 480 shares of the company’s stock valued at $30,000 after buying an additional 476 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Insider Buying and Selling at Somnigroup International

In related news, CEO Scott Thompson purchased 30,000 shares of Somnigroup International stock in a transaction dated Thursday, August 27th. The stock was acquired at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the transaction, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on SGI. Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. UBS Group cut their price target on shares of Somnigroup International from $102.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, November 10th. KeyCorp reduced their price target on shares of Somnigroup International from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, November 10th. Wall Street Zen upgraded shares of Somnigroup International from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, Morgan Stanley decreased their price objective on shares of Somnigroup International from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, November 10th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Somnigroup International currently has an average rating of “Moderate Buy” and a consensus target price of $93.33.

Somnigroup International Stock Up 0.4%

Shares of SGI stock traded up $0.23 on Friday, reaching $60.85. 2,984,766 shares of the company’s stock traded hands, compared to its average volume of 3,383,958. The company has a market capitalization of $14.01 billion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 1.06 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. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.37 and a current ratio of 1.23. The business’s 50 day moving average price is $64.10 and its two-hundred day moving average price is $72.45.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Monday, November 9th. The company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.02). The business had revenue of $2.35 billion during the quarter. Somnigroup International had a return on equity of 17.84% and a net margin of 6.62%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-2.950 EPS. On average, equities analysts forecast that Somnigroup International Inc. will post 2.90 earnings per share for the current year.

Somnigroup International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, November 23rd. Somnigroup International’s payout ratio is 28.22%.

About Somnigroup International

Somnigroup International, Inc. is a bedding company that designs, manufactures, distributes and sells mattresses and related sleep products. Its offerings include adjustable bases, pillows and other bedding accessories, marketed under brands such as Tempur-Pedic, Sealy and Stearns & Foster. The company also operates Mattress Firm, a mattress retailer with stores across the United States. Through its brands, retail business and other sales channels, Somnigroup serves customers in the U.S. and international markets.