Amalgamated Bank Trims Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Defense World · Sep 22, 2022 05:02

Amalgamated Bank lowered its holdings in Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) by 0.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,402 shares of the company's stock after selling 814 shares during the period. Amalgamated Bank owned about 0.08% of Tempur Sealy International worth $3,920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TPX. Quadrant Capital Group LLC boosted its holdings in Tempur Sealy International by 213.7% in the first quarter. Quadrant Capital Group LLC now owns 938 shares of the company's stock valued at $26,000 after purchasing an additional 639 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Tempur Sealy International by 67.5% during the first quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company's stock valued at $34,000 after buying an additional 500 shares in the last quarter. Signaturefd LLC raised its stake in Tempur Sealy International by 76.4% during the first quarter. Signaturefd LLC now owns 1,385 shares of the company's stock valued at $39,000 after buying an additional 600 shares in the last quarter. Alpha Paradigm Partners LLC acquired a new stake in shares of Tempur Sealy International during the 4th quarter worth approximately $68,000. Finally, Quent Capital LLC acquired a new stake in shares of Tempur Sealy International during the 4th quarter worth approximately $82,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

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Analyst Upgrades and Downgrades

TPX has been the topic of several analyst reports. KeyCorp lowered their target price on Tempur Sealy International from $38.00 to $35.00 and set an "overweight" rating on the stock in a research report on Thursday, July 28th. UBS Group decreased their price target on Tempur Sealy International from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, July 20th. The Goldman Sachs Group started coverage on Tempur Sealy International in a research note on Thursday, August 11th. They set a "buy" rating and a $34.00 price target for the company. Finally, Piper Sandler lowered Tempur Sealy International from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $36.00 to $28.00 in a research note on Wednesday, June 1st. Two 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.38.

Tempur Sealy International Stock Performance

TPX opened at $26.59 on Thursday. The firm has a market cap of $4.58 billion, a PE ratio of 9.01, a P/E/G ratio of 0.97 and a beta of 1.83. The company has a quick ratio of 0.65, a current ratio of 1.23 and a debt-to-equity ratio of 7.97. The business has a fifty day simple moving average of $26.60 and a 200-day simple moving average of $26.58. Tempur Sealy International, Inc. has a fifty-two week low of $20.03 and a fifty-two week high of $50.51.

Tempur Sealy International (NYSE:TPX – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.26 billion. Tempur Sealy International had a return on equity of 659.10% and a net margin of 11.12%. The business's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share. As a group, equities analysts predict that Tempur Sealy International, Inc. will post 2.7 EPS for the current fiscal 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 $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. Tempur Sealy International's dividend payout ratio (DPR) is presently 13.56%.

Insider Transactions at Tempur Sealy International

In other news, EVP David Montgomery sold 100,000 shares of the firm's stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $26.24, for a total value of $2,624,000.00. Following the completion of the sale, the executive vice president now owns 847,667 shares of the company's stock, valued at $22,242,782.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.48% of the stock is currently owned by insiders.

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.