Orion Portfolio Solutions LLC boosted its holdings in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 43.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,942 shares of the company's stock after buying an additional 12,712 shares during the period. Orion Portfolio Solutions LLC's holdings in Tempur Sealy International were worth $2,290,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company's stock valued at $26,000 after buying an additional 413 shares during the period. Brooklyn Investment Group acquired a new position in Tempur Sealy International in the third quarter valued at $27,000. Signaturefd LLC increased its stake in Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company's stock worth $46,000 after acquiring an additional 255 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Tempur Sealy International in the 3rd quarter worth about $48,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in shares of Tempur Sealy International in the 2nd quarter valued at about $56,000. Hedge funds and other institutional investors own 99.86% of the company's stock.
Tempur Sealy International Stock Up 2.2 %
NYSE:TPX traded up $1.24 during trading hours on Thursday, hitting $56.71. The stock had a trading volume of 1,839,345 shares, compared to its average volume of 1,556,635. The business has a 50 day simple moving average of $52.63 and a two-hundred day simple moving average of $51.15. Tempur Sealy International, Inc. has a 1-year low of $45.04 and a 1-year high of $58.44. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The company has a market cap of $9.85 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 2.02 and a beta of 1.64.
Tempur Sealy International (NYSE:TPX - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The firm's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. Analysts predict that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.
Tempur Sealy International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International's dividend payout ratio is currently 23.74%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on TPX shares. Wedbush raised their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Raymond James cut their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Tempur Sealy International presently has an average rating of "Buy" and an average price target of $60.67.
Read Our Latest Analysis on Tempur Sealy International
About Tempur Sealy International
(
Free Report)
Tempur Sealy 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.
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