The Maryland State Retirement & Pension System has bought 13,864 shares in mattress manufacturer Tempur Sealy, worth $476,000.
The fund appears to be hoping to benefit from the success of the mattress industry.
Analysts are optimistic about Tempur Sealy’s prospects, with a consensus price target of around $42.67. Shares in the company opened at $37.01 on Monday, with a 52-week high of $44.28 and a low of $20.03.
With a market capitalization of almost $7bn and a price-to-earnings ratio of 15.67, investing in Tempur+Sealy could lead to significant gains for investors seeking exposure to the mattress manufacturing industry.