Texas Permanent School Fund Corp Acquires 43,039 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Texas Permanent School Fund Corp raised its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 28.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 193,811 shares of the company’s stock after purchasing an additional 43,039 shares during the period. Texas Permanent School Fund Corp’s holdings in Tempur Sealy International were worth $9,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Tempur Sealy International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock valued at $912,984,000 after buying an additional 143,719 shares during the period. Browning West LP increased its holdings in Tempur Sealy International by 7.0% in the 4th quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after buying an additional 820,200 shares during the period. Norges Bank acquired a new stake in shares of Tempur Sealy International in the 4th quarter valued at $121,329,000. Dimensional Fund Advisors LP boosted its stake in shares of Tempur Sealy International by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,995,201 shares of the company’s stock valued at $101,699,000 after purchasing an additional 31,789 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in shares of Tempur Sealy International by 10.5% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,508,510 shares of the company’s stock valued at $71,413,000 after purchasing an additional 143,535 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Down 1.4 %

Shares of NYSE:TPX opened at $48.81 on Tuesday. Tempur Sealy International, Inc. has a 12 month low of $36.12 and a 12 month high of $57.13. The company’s 50-day moving average price is $50.31 and its two-hundred day moving average price is $51.18. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. The firm has a market cap of $8.48 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.11 and a beta of 1.59.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company earned $0.58 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. As a group, research analysts forecast that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio is currently 25.74%.

Analyst Ratings Changes

Several equities research analysts have recently commented on TPX shares. Truist Financial reduced their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Wedbush downgraded shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research note on Wednesday, September 4th. Finally, Piper Sandler restated an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tempur Sealy International presently has an average rating of “Moderate Buy” and a consensus target price of $59.71.

Tempur Sealy International Profile

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails 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, Sealy, and Cocoon by Sealy brand names.