Tectonic Advisors LLC Makes New $5.23 Million Investment in Tempur Sealy International, Inc. (NYSE:TPX)

Tectonic Advisors LLC acquired a new position in shares of Tempur Sealy International, Inc. (NYSE:TPX) in the 4th quarter, Holdings Channel.com reports. The fund acquired 92,244 shares of the company’s stock, valued at approximately $5,229,000.

A number of other large investors have also recently made changes to their positions in the stock. Trust Point Inc. purchased a new stake in Tempur Sealy International in the fourth quarter valued at approximately $216,000. Custom Index Systems LLC boosted its position in Tempur Sealy International by 34.8% in the 4th quarter. Custom Index Systems LLC now owns 9,075 shares of the company’s stock valued at $514,000 after buying an additional 2,344 shares during the period. Nilsine Partners LLC raised its stake in Tempur Sealy International by 3.8% during the 4th quarter. Nilsine Partners LLC now owns 190,691 shares of the company’s stock worth $10,810,000 after acquiring an additional 6,900 shares in the last quarter. KBC Group NV boosted its holdings in shares of Tempur Sealy International by 52.1% in the fourth quarter. KBC Group NV now owns 7,031 shares of the company’s stock valued at $399,000 after acquiring an additional 2,407 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Tempur Sealy International by 55.0% during the fourth quarter. Blue Trust Inc. now owns 3,766 shares of the company’s stock worth $206,000 after acquiring an additional 1,337 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Trading Down 3.2 %

Tempur Sealy International stock opened at $64.81 on Wednesday. The stock has a 50-day moving average price of $57.51 and a 200 day moving average price of $53.67. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. Tempur Sealy International, Inc. has a 52 week low of $45.04 and a 52 week high of $68.53. The stock has a market cap of $11.25 billion, a PE ratio of 29.59, a P/E/G ratio of 2.02 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company earned $0.77 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts predict that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a $0.13 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.80%. Tempur Sealy International’s payout ratio is 23.74%.

Wall Street Analyst Weigh In

TPX has been the subject of several recent analyst reports. Wedbush reissued an “outperform” rating and set a $80.00 price objective (up from $67.00) on shares of Tempur Sealy International in a report on Monday. KeyCorp upped their target price on shares of Tempur Sealy International from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Truist Financial lifted their target price on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. William Blair raised Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Finally, Bank of America upped their price objective on Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $70.75.

Tempur Sealy International Company 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.