Truist Financial Corp Has $22.45 Million Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Posted by Defense World Staff on Aug 8th, 2023

Truist Financial Corp cut its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX – Free Report) by 19.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 568,404 shares of the company’s stock after selling 134,809 shares during the period. Truist Financial Corp owned 0.33% of Tempur Sealy International worth $22,446,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Browning West LP raised its holdings in Tempur Sealy International by 4.6% in the 4th quarter. Browning West LP now owns 10,906,789 shares of the company’s stock valued at $374,430,000 after acquiring an additional 476,500 shares in the last quarter. Select Equity Group L.P. raised its holdings in shares of Tempur Sealy International by 76.5% during the 4th quarter. Select Equity Group L.P. now owns 9,639,458 shares of the company’s stock worth $330,923,000 after buying an additional 4,177,079 shares in the last quarter. State Street Corp raised its holdings in shares of Tempur Sealy International by 0.9% during the 1st quarter. State Street Corp now owns 4,859,198 shares of the company’s stock worth $135,669,000 after buying an additional 42,598 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Tempur Sealy International by 12.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,491,386 shares of the company’s stock worth $125,400,000 after buying an additional 501,445 shares in the last quarter. Finally, Timucuan Asset Management Inc. FL raised its holdings in shares of Tempur Sealy International by 1.3% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 4,372,651 shares of the company’s stock worth $150,113,000 after buying an additional 57,176 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TPX shares. StockNews.com assumed coverage on Tempur Sealy International in a report on Thursday, May 18th. They set a “hold” rating for the company. TheStreet raised Tempur Sealy International from a “c+” rating to a “b” rating in a report on Tuesday, May 9th. Wedbush reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Tempur Sealy International in a report on Tuesday, August 1st. Truist Financial upped their price target on Tempur Sealy International from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday. Finally, Raymond James upped their price target on Tempur Sealy International from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Friday. Four equities research 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.75.

Get Our Latest Analysis on TPX

Tempur Sealy International Stock Down 1.1 %

TPX opened at $45.33 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.72 and a debt-to-equity ratio of 19.61. The company has a market cap of $7.80 billion, a P/E ratio of 19.54, a P/E/G ratio of 1.19 and a beta of 1.71. Tempur Sealy International, Inc. has a 12 month low of $23.62 and a 12 month high of $47.17. The business’s 50-day moving average price is $41.18 and its 200-day moving average price is $39.82.

Tempur Sealy International (NYSE:TPX – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. Tempur Sealy International had a negative return on equity of 90,462.73% and a net margin of 8.33%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Tempur Sealy International, Inc. will post 2.61 EPS for the current year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.44 dividend on an annualized basis and a yield of 0.97%. Tempur Sealy International’s payout ratio is currently 18.97%.

Insider Buying and Selling

In other Tempur Sealy International news, CEO H Clifford Buster III sold 75,200 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $35.82, for a total transaction of $2,693,664.00. Following the completion of the sale, the chief executive officer now directly owns 145,229 shares in the company, valued at approximately $5,202,102.78. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.18% of the stock is owned by company insiders.

Tempur Sealy International Profile

(Free Report)

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-Pedic, Sealy, Stearns & Foster, and Cocoon by Sealy brand names.