Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,410 shares of the company’s stock after selling 3,238 shares during the period. Mutual of America Capital Management LLC’s holdings in Tempur Sealy International were worth $4,706,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Securities Inc. purchased a new position in Tempur Sealy International in the fourth quarter worth $40,000. Commerce Bank lifted its stake in shares of Tempur Sealy International by 5.9% in the fourth quarter. Commerce Bank now owns 11,733 shares of the company’s stock valued at $598,000 after purchasing an additional 651 shares during the period. United Services Automobile Association boosted its holdings in Tempur Sealy International by 15.1% during the fourth quarter. United Services Automobile Association now owns 14,219 shares of the company’s stock worth $725,000 after buying an additional 1,870 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Tempur Sealy International by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 74,000 shares of the company’s stock worth $3,772,000 after buying an additional 720 shares during the period. Finally, TFO Wealth Partners LLC increased its holdings in Tempur Sealy International by 16,184.0% in the fourth quarter. TFO Wealth Partners LLC now owns 4,071 shares of the company’s stock valued at $207,000 after buying an additional 4,046 shares in the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TPX has been the topic of a number of research reports. Piper Sandler restated an “overweight” rating and issued a $61.00 price target on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Truist Financial lowered their target price on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, Wedbush downgraded Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Wednesday, September 4th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.71.

Tempur Sealy International Stock Performance

NYSE TPX opened at $53.77 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The business has a fifty day moving average of $51.07 and a 200-day moving average of $51.06. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 2.20 and a beta of 1.59.

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

Tempur Sealy International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a yield of 0.97%. Tempur Sealy International’s dividend payout ratio (DPR) is currently 25.74%.

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.