Hook Mill Capital Partners LP Raises Position in Tempur Sealy International, Inc. (NYSE:TPX)

Hook Mill Capital Partners LP increased its position in Tempur Sealy International, Inc. (NYSE:TPX) by 8.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,370 shares of the company’s stock after acquiring an additional 10,008 shares during the quarter. Tempur Sealy International comprises approximately 3.4% of Hook Mill Capital Partners LP’s holdings, making the stock its 14th biggest position. Hook Mill Capital Partners LP owned about 0.07% of Tempur Sealy International worth $4,607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TPX. American Century Companies Inc. grew its holdings in shares of Tempur Sealy International by 70.7% in the first quarter. American Century Companies Inc. now owns 79,640 shares of the company’s stock worth $2,224,000 after purchasing an additional 32,989 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Tempur Sealy International by 7.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,564 shares of the company’s stock valued at $574,000 after purchasing an additional 1,476 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Tempur Sealy International by 17.1% during the first quarter. Bank of Montreal Can now owns 29,980 shares of the company’s stock valued at $871,000 after purchasing an additional 4,379 shares in the last quarter. Rhumbline Advisers raised its stake in Tempur Sealy International by 2.8% in the first quarter. Rhumbline Advisers now owns 508,624 shares of the company’s stock worth $14,201,000 after buying an additional 13,942 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Tempur Sealy International by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 70,553 shares of the company’s stock worth $1,970,000 after buying an additional 6,727 shares during the period. 99.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wedbush reissued an “outperform” rating and issued a $55.00 price target on shares of Tempur Sealy International in a research report on Tuesday, August 1st. Truist Financial lifted their price target on Tempur Sealy International from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Raymond James boosted their target price on shares of Tempur Sealy International from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research note on Friday, August 4th. Piper Sandler raised their target price on Tempur Sealy International from $34.00 to $39.00 in a research report on Monday, July 17th. Finally, StockNews.com assumed coverage on Tempur Sealy International in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Tempur Sealy International currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.75.

Tempur Sealy International Price Performance

Shares of Tempur Sealy International stock opened at $45.40 on Wednesday. The business’s fifty day moving average price is $44.68 and its 200 day moving average price is $40.49. The stock has a market capitalization of $7.82 billion, a P/E ratio of 19.57, a PEG ratio of 1.18 and a beta of 1.69. The company has a current ratio of 1.25, a quick ratio of 0.72 and a debt-to-equity ratio of 19.61. Tempur Sealy International, Inc. has a twelve month low of $23.62 and a twelve month high of $47.70.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, August 3rd. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. Tempur Sealy International had a net margin of 8.33% and a negative return on equity of 90,462.73%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company posted $0.58 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, research analysts anticipate that Tempur Sealy International, Inc. will post 2.6 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.44 dividend on an annualized basis and a yield of 0.97%. Tempur Sealy International’s dividend payout ratio is currently 18.97%.

Insider Buying and Selling

In related news, EVP David Montgomery sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $45.61, for a total transaction of $4,561,000.00. Following the sale, the executive vice president now owns 924,233 shares of the company’s stock, valued at $42,154,267.13. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Hansbart Wijnand sold 28,834 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $42.51, for a total value of $1,225,733.34. Following the transaction, the executive vice president now directly owns 15,714 shares of the company’s stock, valued at approximately $668,002.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Montgomery sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $45.61, for a total value of $4,561,000.00. Following the completion of the sale, the executive vice president now directly owns 924,233 shares of the company’s stock, valued at $42,154,267.13. The disclosure for this sale can be found here. Insiders have sold a total of 134,138 shares of company stock valued at $6,018,783 in the last quarter. Company insiders own 5.18% of the company’s stock.

Tempur Sealy International Profile

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes 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, and Cocoon by Sealy brand names.