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

Mutual of America Capital Management LLC reduced its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,410 shares of the company’s stock after selling 3,238 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Tempur Sealy International worth $4,706,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TPX. Allspring Global Investments Holdings LLC purchased a new stake in Tempur Sealy International during the 1st quarter worth about $26,000. Rise Advisors LLC purchased a new stake in Tempur Sealy International during the first quarter worth approximately $27,000. Principal Securities Inc. acquired a new position in Tempur Sealy International in the fourth quarter valued at approximately $40,000. Signaturefd LLC boosted its holdings in Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Tempur Sealy International in the second quarter valued at approximately $56,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Analyst Ratings Changes

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

Tempur Sealy International Price Performance

Shares of NYSE:TPX opened at $53.77 on Friday. Tempur Sealy International, Inc. has a one year low of $36.12 and a one year high of $57.13. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 2.20 and a beta of 1.59. The company has a 50-day simple moving average of $51.07 and a 200-day simple moving average of $51.06. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 EPS 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 company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the company earned $0.58 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. On average, analysts predict that Tempur Sealy International, Inc. will post 2.53 EPS for the current year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.13 dividend. The ex-dividend date of this dividend 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 25.74%.

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.