Tempur Sealy International, Inc. (NYSE:TPX) Stock Holdings Boosted by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lifted its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 150,772 shares of the company’s stock after acquiring an additional 1,952 shares during the period. Texas Permanent School Fund Corp owned 0.09% of Tempur Sealy International worth $8,567,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TPX. Teachers Retirement System of The State of Kentucky grew its position in shares of Tempur Sealy International by 90.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 59,692 shares of the company’s stock worth $2,587,000 after acquiring an additional 28,385 shares during the last quarter. Diversified Trust Co bought a new position in Tempur Sealy International in the 4th quarter valued at about $2,700,000. Raymond James Trust N.A. bought a new position in Tempur Sealy International in the 4th quarter valued at about $251,000. Handelsinvest Investeringsforvaltning bought a new position in Tempur Sealy International in the 4th quarter valued at about $341,000. Finally, Salem Investment Counselors Inc. bought a new position in Tempur Sealy International in the 4th quarter valued at about $754,000. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Trading Up 4.6 %

TPX stock traded up $2.17 during mid-day trading on Thursday, reaching $48.84. 4,838,052 shares of the stock traded hands, compared to its average volume of 1,699,308. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74. Tempur Sealy International, Inc. has a 52-week low of $36.12 and a 52-week high of $57.13. The company has a market cap of $8.48 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.50 and a beta of 1.60. The stock’s fifty day moving average is $49.61 and its 200-day moving average is $51.05.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts expect that Tempur Sealy International, Inc. will post 2.71 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio is presently 25.74%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Truist Financial decreased their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday. Piper Sandler reiterated an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and raised their price objective for the company from $50.00 to $75.00 in a research report on Monday, March 25th. Finally, Wedbush restated an “outperform” rating and set a $66.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $61.71.

About Tempur Sealy International

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.