Somnigroup International Inc. $SGI Shares Bought by Fieldview Capital Management LLC

Fieldview Capital Management LLC grew its holdings in Somnigroup International Inc. (NYSE:SGI) by 223.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,420 shares of the company’s stock after buying an additional 40,368 shares during the period. Somnigroup International accounts for about 0.9% of Fieldview Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Fieldview Capital Management LLC’s holdings in Somnigroup International were worth $5,216,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Brown Miller Wealth Management LLC lifted its position in shares of Somnigroup International by 2.4% in the fourth quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock valued at $430,000 after buying an additional 113 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Somnigroup International by 1.0% in the fourth quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock valued at $1,061,000 after buying an additional 115 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Somnigroup International by 5.1% in the fourth quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock valued at $260,000 after buying an additional 141 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Somnigroup International by 1.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock valued at $975,000 after buying an additional 142 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Somnigroup International by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock valued at $176,000 after buying an additional 148 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Somnigroup International Trading Down 0.3%

NYSE:SGI opened at $72.14 on Friday. The firm has a market cap of $15.17 billion, a PE ratio of 29.44, a P/E/G ratio of 1.34 and a beta of 1.21. The business’s 50 day moving average price is $72.57. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78. Somnigroup International Inc. has a 1-year low of $60.39 and a 1-year high of $98.56.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $1.80 billion during the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, sell-side analysts forecast that Somnigroup International Inc. will post 3.15 EPS for the current year.

Somnigroup International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 21st. Somnigroup International’s dividend payout ratio (DPR) is presently 27.76%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Truist Financial raised their price objective on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. UBS Group cut their price objective on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Bank of America dropped their price target on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Weiss Ratings cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and dropped their price target for the stock from $90.00 to $88.00 in a report on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.60.

Somnigroup International Profile

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.