State of New Jersey Common Pension Fund D Has $3.08 Million Stake in Tempur Sealy International, Inc. (NYSE:TPX)

Posted by Defense World Staff on Apr 23rd, 2023

State of New Jersey Common Pension Fund D decreased its holdings in Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,747 shares of the company’s stock after selling 5,761 shares during the period. State of New Jersey Common Pension Fund D owned about 0.05% of Tempur Sealy International worth $3,081,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TPX. American Century Companies Inc. grew its stake in shares of Tempur Sealy International by 70.7% in the 1st quarter. American Century Companies Inc. now owns 79,640 shares of the company’s stock valued at $2,224,000 after buying an additional 32,989 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Tempur Sealy International by 7.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,564 shares of the company’s stock valued at $574,000 after buying an additional 1,476 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Tempur Sealy International by 17.1% in the 1st quarter. Bank of Montreal Can now owns 29,980 shares of the company’s stock valued at $871,000 after buying an additional 4,379 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Tempur Sealy International by 2.8% in the 1st quarter. Rhumbline Advisers now owns 508,624 shares of the company’s stock valued at $14,201,000 after buying an additional 13,942 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Tempur Sealy International by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 70,553 shares of the company’s stock valued at $1,970,000 after buying an additional 6,727 shares in the last quarter. Institutional investors and hedge funds own 99.43% of the company’s stock.

Tempur Sealy International Trading Down 1.8 %

Shares of NYSE TPX opened at $36.24 on Friday. The business has a fifty day simple moving average of $39.50 and a 200 day simple moving average of $35.35. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 1.46 and a beta of 1.69. Tempur Sealy International, Inc. has a one year low of $20.03 and a one year high of $44.28.

Tempur Sealy International (NYSE:TPX – Get Rating) last issued its earnings results on Thursday, February 9th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.22 billion. Tempur Sealy International had a negative return on equity of 402.92% and a net margin of 9.26%. Tempur Sealy International’s revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. On average, research analysts anticipate that Tempur Sealy International, Inc. will post 2.69 earnings per share for the current fiscal year.

Tempur Sealy International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 9th. Investors of record on Thursday, February 23rd were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.21%. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, February 22nd. Tempur Sealy International’s dividend payout ratio is presently 17.46%.

Insider Activity at Tempur Sealy International

In other Tempur Sealy International news, CFO Bhaskar Rao sold 17,507 shares of the stock in a transaction on Friday, January 27th. The stock was sold at an average price of $40.00, for a total transaction of $700,280.00. Following the completion of the transaction, the chief financial officer now directly owns 330,481 shares in the company, valued at $13,219,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler upped their target price on Tempur Sealy International from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 25th. Loop Capital upped their target price on Tempur Sealy International from $25.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, January 20th. Wedbush decreased their target price on Tempur Sealy International from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday. KeyCorp upped their target price on Tempur Sealy International from $35.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 1st. Finally, Truist Financial upped their target price on Tempur Sealy International from $32.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.67.

Tempur Sealy International Company Profile

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Tempur Sealy International, Inc develops, manufactures, markets, and distributes bedding products. It operates through the North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.