Versor Investments LP Makes New Investment in Somnigroup International Inc. $SGI

Versor Investments LP bought a new stake in shares of Somnigroup International Inc. (NYSE:SGI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,379 shares of the company’s stock, valued at approximately $1,105,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Brown Miller Wealth Management LLC increased its position in Somnigroup International by 2.4% during the 4th quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock valued at $430,000 after purchasing an additional 113 shares during the period. HB Wealth Management LLC increased its position in Somnigroup International by 1.0% during the 4th quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock valued at $1,061,000 after purchasing an additional 115 shares during the period. Sanctuary Advisors LLC increased its position in Somnigroup International by 5.1% during the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock valued at $260,000 after purchasing an additional 141 shares during the period. Fifth Third Bancorp increased its position in Somnigroup International by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock valued at $176,000 after purchasing an additional 148 shares during the period. Finally, Assetmark Inc. increased its position in Somnigroup International by 56.6% during the 4th quarter. Assetmark Inc. now owns 512 shares of the company’s stock valued at $46,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Trading Down 1.6%

Shares of SGI opened at $65.52 on Wednesday. Somnigroup International Inc. has a 12 month low of $62.46 and a 12 month high of $98.56. The firm’s fifty day simple moving average is $76.98. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.22 and a beta of 1.25.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The firm had revenue of $1.80 billion during the quarter. During the same quarter in the prior year, the company posted $0.49 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, research analysts forecast that Somnigroup International Inc. will post 3.2 EPS for the current year.

Somnigroup International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be paid a $0.17 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is 27.76%.

Wall Street Analyst Weigh In

SGI has been the topic of a number of research reports. Bank of America cut their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and cut their target price for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Truist Financial raised their target price on shares of 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 target price on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Stephens reissued an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a research report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.60.

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.