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State of Alaska Department of Revenue Sells 1,865 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Defense World · Oct 3, 2022 04:31

State of Alaska Department of Revenue decreased its position in shares of Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,209 shares of the company's stock after selling 1,865 shares during the period. State of Alaska Department of Revenue's holdings in Tempur Sealy International were worth $538,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its position in shares of Tempur Sealy International by 3.7% in the first quarter. Captrust Financial Advisors now owns 13,821 shares of the company's stock worth $386,000 after purchasing an additional 491 shares during the period. Shell Asset Management Co. increased its position in shares of Tempur Sealy International by 3.0% in the first quarter. Shell Asset Management Co. now owns 16,969 shares of the company's stock worth $474,000 after purchasing an additional 499 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Tempur Sealy International by 67.5% in the first quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company's stock worth $34,000 after purchasing an additional 500 shares during the period. Signaturefd LLC grew its position in Tempur Sealy International by 76.4% in the first quarter. Signaturefd LLC now owns 1,385 shares of the company's stock valued at $39,000 after acquiring an additional 600 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position 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 acquiring an additional 639 shares during the last quarter. Institutional investors own 98.34% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have issued reports on TPX shares. UBS Group decreased their target price on Tempur Sealy International from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, July 20th. The Goldman Sachs Group started coverage on Tempur Sealy International in a research report on Thursday, August 11th. They issued a "buy" rating and a $34.00 target price on the stock. Finally, KeyCorp decreased 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. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $34.38.

Tempur Sealy International Stock Performance

Shares of TPX stock opened at $24.14 on Monday. The business's 50-day moving average price is $26.70 and its 200-day moving average price is $26.20. Tempur Sealy International, Inc. has a 12 month low of $20.03 and a 12 month high of $48.97. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.85 and a beta of 1.83. The company has a current ratio of 1.23, a quick ratio of 0.65 and a debt-to-equity ratio of 7.97.

Tempur Sealy International (NYSE:TPX – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. Tempur Sealy International had a return on equity of 659.10% and a net margin of 11.12%. The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 earnings per share. Equities research analysts forecast that Tempur Sealy International, Inc. will post 2.7 EPS for the current year.

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 11th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, August 10th. Tempur Sealy International's dividend payout ratio is currently 13.56%.

Insider Buying and Selling

In related news, EVP David Montgomery sold 100,000 shares of Tempur Sealy International stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 847,667 shares of the company's stock, valued at $22,242,782.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.48% of the stock is owned by insiders.

Tempur Sealy International Company Profile

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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.