Texas Permanent School Fund Corp Sells 5,294 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Texas Permanent School Fund Corp cut its holdings in Tempur Sealy International, Inc. (NYSE:TPXFree Report) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 146,211 shares of the company’s stock after selling 5,294 shares during the quarter. Texas Permanent School Fund Corp owned about 0.08% of Tempur Sealy International worth $6,337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TPX. Parkside Financial Bank & Trust boosted its position in Tempur Sealy International by 67.5% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company’s stock worth $34,000 after acquiring an additional 500 shares during the last quarter. Belpointe Asset Management LLC boosted its position in Tempur Sealy International by 72.6% during the 1st quarter. Belpointe Asset Management LLC now owns 1,177 shares of the company’s stock worth $46,000 after acquiring an additional 495 shares during the last quarter. Fifth Third Bancorp boosted its position in Tempur Sealy International by 37.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,537 shares of the company’s stock worth $67,000 after acquiring an additional 421 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Tempur Sealy International during the 2nd quarter worth approximately $72,000. Finally, Money Concepts Capital Corp boosted its position in Tempur Sealy International by 697.9% during the 4th quarter. Money Concepts Capital Corp now owns 2,681 shares of the company’s stock worth $92,000 after acquiring an additional 2,345 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TPX. Raymond James increased their price objective on Tempur Sealy International from $45.00 to $58.00 and gave the company a “strong-buy” rating in a report on Friday, January 19th. Wedbush reissued an “outperform” rating and issued a $50.00 price objective on shares of Tempur Sealy International in a report on Wednesday, December 13th. Truist Financial cut their price objective on Tempur Sealy International from $55.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Piper Sandler raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $61.00 in a report on Thursday, January 18th. Finally, KeyCorp increased their price objective on Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.50.

Get Our Latest Analysis on Tempur Sealy International

Tempur Sealy International Stock Down 2.5 %

TPX stock opened at $50.60 on Monday. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.21 and a quick ratio of 0.68. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.72 and a beta of 1.56. The business’s fifty day moving average price is $49.74 and its two-hundred day moving average price is $44.87. Tempur Sealy International, Inc. has a fifty-two week low of $34.98 and a fifty-two week high of $53.60.

Tempur Sealy International (NYSE:TPXGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. On average, equities analysts anticipate that Tempur Sealy International, Inc. will post 2.79 earnings per share for the current year.

Tempur Sealy International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.13 per share. This is a boost from Tempur Sealy International’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.52 annualized dividend and a yield of 1.03%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 21.26%.

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.

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Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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