Wolf Hill Capital Management LP Acquires Shares of 650,000 Somnigroup International Inc. $SGI

Wolf Hill Capital Management LP bought a new stake in Somnigroup International Inc. (NYSE:SGI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 650,000 shares of the company’s stock, valued at approximately $50,960,000,000. Somnigroup International accounts for 4.3% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 10th biggest holding. Wolf Hill Capital Management LP owned approximately 0.31% of Somnigroup International as of its most recent SEC filing.

Other institutional investors and 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 about $30,000. Allworth Financial LP purchased a new stake in Somnigroup International during the 2nd quarter worth approximately $31,000. Elyxium Wealth LLC purchased a new stake in Somnigroup International during the 4th quarter worth approximately $35,000. Danske Bank A S acquired a new position in shares of Somnigroup International during the second quarter valued at approximately $39,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Somnigroup International during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Down 0.4%

SGI stock opened at $64.42 on Tuesday. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.45 and a beta of 1.20. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. Somnigroup International Inc. has a 12 month low of $60.39 and a 12 month high of $98.56. The firm has a 50-day moving average of $71.19 and a two-hundred day moving average of $75.38.

Somnigroup International (NYSE:SGI) last issued its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $1.82 billion for the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, analysts forecast that Somnigroup International Inc. will post 3.02 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.1%. Somnigroup International’s dividend payout ratio (DPR) is presently 27.20%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SGI. Weiss Ratings restated a “hold (c+)” rating on shares of Somnigroup International in a research report on Friday. Piper Sandler reiterated an “overweight” rating and set a $95.00 price target (down from $102.00) on shares of Somnigroup International in a research report on Friday, August 7th. UBS Group reduced their price objective on Somnigroup International from $105.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Morgan Stanley began coverage on Somnigroup International in a report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price objective on the stock. Finally, Zelman & Associates initiated coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 target price on the stock. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.50.

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.