Scott Thompson Purchases 30,000 Shares of Somnigroup International (NYSE:SGI) Stock

Somnigroup International Inc. (NYSE:SGI) CEO Scott Thompson bought 30,000 shares of Somnigroup International stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the acquisition, the chief executive officer directly owned 4,123,634 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.

Somnigroup International Price Performance

Shares of SGI traded down $0.42 during midday trading on Thursday, hitting $62.41. 6,089,613 shares of the company traded hands, compared to its average volume of 2,670,865. Somnigroup International Inc. has a one year low of $60.39 and a one year high of $98.56. The firm has a market cap of $13.13 billion, a P/E ratio of 24.96, a PEG ratio of 1.44 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. The stock has a 50-day moving average of $70.75 and a 200-day moving average of $74.94.

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

Somnigroup International Announces Dividend

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

Analyst Ratings Changes

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

Institutional Trading of Somnigroup International

Several institutional investors and hedge funds have recently made changes to their positions in SGI. BlackRock Inc. purchased a new position in Somnigroup International in the second quarter worth $1,507,604,000. California State Teachers Retirement System boosted its holdings in shares of Somnigroup International by 7,702.3% in the 2nd quarter. California State Teachers Retirement System now owns 18,088,526 shares of the company’s stock worth $1,418,140,000 after purchasing an additional 17,856,689 shares in the last quarter. Linonia Partnership LP bought a new position in shares of Somnigroup International during the 2nd quarter valued at about $519,372,000. Artisan Partners Limited Partnership bought a new position in shares of Somnigroup International during the 4th quarter valued at about $274,323,000. Finally, Norges Bank purchased a new position in shares of Somnigroup International during the 4th quarter valued at about $270,814,000. Hedge funds and other institutional investors own 99.86% 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.