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Tempur Sealy International, Inc. (NYSE:TPX) Shares Bought by 180 Wealth Advisors LLC

Defense World · Sep 19, 2022 06:11

180 Wealth Advisors LLC grew its position in Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) by 26.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,751 shares of the company's stock after acquiring an additional 2,887 shares during the quarter. 180 Wealth Advisors LLC's holdings in Tempur Sealy International were worth $292,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. RBA Wealth Management LLC increased its holdings in shares of Tempur Sealy International by 9.2% in the second quarter. RBA Wealth Management LLC now owns 84,193 shares of the company's stock valued at $1,799,000 after purchasing an additional 7,106 shares during the period. Salvus Wealth Management LLC boosted its holdings in shares of Tempur Sealy International by 2.6% in the second quarter. Salvus Wealth Management LLC now owns 82,029 shares of the company's stock valued at $1,753,000 after acquiring an additional 2,103 shares in the last quarter. Westbourne Investment Advisors Inc. raised its stake in shares of Tempur Sealy International by 3.1% during the 1st quarter. Westbourne Investment Advisors Inc. now owns 41,760 shares of the company's stock worth $1,166,000 after buying an additional 1,240 shares in the last quarter. Walleye Capital LLC boosted its stake in shares of Tempur Sealy International by 33.8% in the first quarter. Walleye Capital LLC now owns 29,692 shares of the company's stock valued at $829,000 after buying an additional 7,506 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Tempur Sealy International by 145.2% during the first quarter. Advisors Asset Management Inc. now owns 14,148 shares of the company's stock worth $395,000 after acquiring an additional 8,379 shares during the period. Institutional investors and hedge funds own 98.34% of the company's stock.

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Insider Activity

In other Tempur Sealy International news, EVP David Montgomery sold 100,000 shares of the business's stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $26.24, for a total value of $2,624,000.00. Following the transaction, the executive vice president now directly owns 847,667 shares in the company, valued at $22,242,782.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 4.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TPX shares. UBS Group reduced their target price on Tempur Sealy International from $45.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, July 20th. The Goldman Sachs Group started coverage on Tempur Sealy International in a report on Thursday, August 11th. They issued a "buy" rating and a $34.00 price target for the company. Piper Sandler lowered Tempur Sealy International from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $36.00 to $28.00 in a research note on Wednesday, June 1st. Finally, KeyCorp dropped their price objective on shares of Tempur Sealy International from $38.00 to $35.00 and set an "overweight" rating on the stock in a research note on Thursday, July 28th. Two equities research 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, Tempur Sealy International currently has an average rating of "Moderate Buy" and a consensus price target of $34.38.

Tempur Sealy International Stock Down 3.6 %

TPX stock opened at $26.98 on Monday. Tempur Sealy International, Inc. has a 52-week low of $20.03 and a 52-week high of $50.51. The company has a debt-to-equity ratio of 7.97, a current ratio of 1.23 and a quick ratio of 0.65. The firm has a market capitalization of $4.65 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.95 and a beta of 1.83. The company's 50 day simple moving average is $26.34 and its 200-day simple moving average is $26.62.

Tempur Sealy International (NYSE:TPX – Get Rating) last released its earnings results on Wednesday, July 27th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.01). The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.26 billion. Tempur Sealy International had a net margin of 11.12% and a return on equity of 659.10%. Tempur Sealy International's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 EPS. As a group, equities research analysts anticipate that Tempur Sealy International, Inc. will post 2.7 EPS for the current year.

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.48%. Tempur Sealy International's dividend payout ratio (DPR) is currently 13.56%.

About Tempur Sealy International

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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, Tempur-Pedic, Sealy, and Stearns & Foster brands.