650,000 Shares in Somnigroup International Inc. $SGI Purchased by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP bought a new position in Somnigroup International Inc. (NYSE:SGI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 650,000 shares of the company’s stock, valued at approximately $50,960,000. Somnigroup International accounts for 0.0% of Wolf Hill Capital Management LP’s holdings, making the stock its 10th biggest holding. Wolf Hill Capital Management LP owned 0.31% of Somnigroup International at the end of the most recent reporting period.

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

Somnigroup International Price Performance

Shares of SGI stock traded up $2.48 during trading hours on Friday, hitting $64.96. The company had a trading volume of 3,289,424 shares, compared to its average volume of 2,674,085. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.41 and a beta of 1.20. Somnigroup International Inc. has a 12 month low of $60.39 and a 12 month high of $98.56. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. The firm’s fifty day moving average is $70.49 and its 200 day moving average is $74.70.

Somnigroup International (NYSE:SGI) last announced its 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 business had revenue of $1.82 billion during the quarter. During the same period in the previous year, the firm posted $0.53 EPS. The business’s quarterly 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. On average, sell-side analysts predict that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.17 per share. 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%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SGI. Zelman & Associates assumed coverage on Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Wall Street Zen downgraded Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Piper Sandler reiterated an “overweight” rating and issued a $95.00 target price (down from $102.00) on shares of Somnigroup International in a research note on Friday, August 7th. Finally, Morgan Stanley assumed coverage on shares of Somnigroup International in a report on Monday, July 27th. They issued an “overweight” rating and a $95.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.50.

Insiders Place Their Bets

In related news, CEO Scott L. Thompson bought 30,000 shares of Somnigroup International stock in a transaction dated Thursday, August 27th. The shares were 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 owned 4,123,634 shares in the company, valued at $259,129,160.56. The trade was a 0.73% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.99% of the company’s stock.

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.