24,600 Shares in Silgan Holdings Inc. $SLGN Bought by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI acquired a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 24,600 shares of the industrial products company’s stock, valued at approximately $1,258,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State of Michigan Retirement System boosted its holdings in shares of Silgan by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company’s stock valued at $992,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Silgan by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company’s stock valued at $1,160,000 after purchasing an additional 200 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in shares of Silgan by 5.9% during the 1st quarter. Central Pacific Bank Trust Division now owns 3,760 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 210 shares during the last quarter. Aristeia Capital L.L.C. boosted its holdings in shares of Silgan by 4.5% during the 1st quarter. Aristeia Capital L.L.C. now owns 5,733 shares of the industrial products company’s stock valued at $293,000 after purchasing an additional 245 shares during the last quarter. Finally, Independent Advisor Alliance boosted its holdings in shares of Silgan by 0.8% during the 1st quarter. Independent Advisor Alliance now owns 32,330 shares of the industrial products company’s stock valued at $1,653,000 after purchasing an additional 266 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on SLGN shares. Truist Financial increased their price objective on shares of Silgan from $62.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 11th. Royal Bank Of Canada decreased their target price on shares of Silgan from $64.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Bank of America upgraded shares of Silgan from a “neutral” rating to a “buy” rating and upped their target price for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. Raymond James Financial decreased their target price on shares of Silgan from $64.00 to $60.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 31st. Finally, Wells Fargo & Company upped their target price on shares of Silgan from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat.com, Silgan presently has an average rating of “Buy” and a consensus price target of $62.22.

Insider Buying and Selling

In related news, EVP Robert B. Lewis sold 11,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $46.70, for a total transaction of $513,700.00. Following the transaction, the executive vice president directly owned 142,378 shares in the company, valued at approximately $6,649,052.60. This represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.13% of the company’s stock.

Silgan Stock Performance

Shares of NYSE:SLGN opened at $44.49 on Wednesday. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.16 and a beta of 0.71. Silgan Holdings Inc. has a 12 month low of $44.10 and a 12 month high of $58.14. The firm’s 50-day moving average is $49.97 and its 200 day moving average is $51.53. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.02). The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. Research analysts predict that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, September 2nd. Silgan’s dividend payout ratio is presently 28.47%.

About Silgan

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.