Bessemer Group Inc. Sells 13,040 Shares of Somnigroup International Inc. $SGI

Bessemer Group Inc. decreased its stake in Somnigroup International Inc. (NYSE:SGI) by 37.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,990 shares of the company’s stock after selling 13,040 shares during the quarter. Bessemer Group Inc.’s holdings in Somnigroup International were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC bought a new stake in shares of Somnigroup International in the 4th quarter valued at about $30,000. Allworth Financial LP bought a new position in Somnigroup International during the 3rd quarter worth approximately $32,000. Elyxium Wealth LLC bought a new position in Somnigroup International during the 4th quarter worth approximately $35,000. First Horizon Corp grew its holdings in Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after purchasing an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Somnigroup International during the fourth quarter valued at approximately $42,000. Institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SGI shares. Bank of America lowered their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings cut shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and decreased their price target for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Zelman & Associates started coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective for the company. Finally, Stephens reaffirmed an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Somnigroup International has an average rating of “Moderate Buy” and a consensus target price of $98.67.

Somnigroup International Stock Up 0.3%

NYSE:SGI opened at $70.17 on Thursday. The stock has a 50-day simple moving average of $71.81 and a 200 day simple moving average of $79.43. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56. The company has a market cap of $14.76 billion, a PE ratio of 28.64, a PEG ratio of 1.30 and a beta of 1.19. 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 (NYSE:SGI) last released its earnings results on Thursday, May 7th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.80 billion for the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, sell-side analysts expect that Somnigroup International Inc. will post 3.15 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, May 21st. Somnigroup International’s payout ratio is currently 27.76%.

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.