Clearbridge Investments LLC Lowers Holdings in Silgan Holdings Inc. $SLGN

Clearbridge Investments LLC trimmed its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 74.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 229,863 shares of the industrial products company’s stock after selling 666,723 shares during the period. Clearbridge Investments LLC’s holdings in Silgan were worth $9,280,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in Silgan in the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC raised its holdings in Silgan by 627.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after buying an additional 577 shares during the period. Danske Bank A S raised its holdings in Silgan by 233.3% in the 4th quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after buying an additional 700 shares during the period. Fifth Third Bancorp raised its holdings in Silgan by 37.4% in the 4th quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock valued at $44,000 after buying an additional 295 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Silgan in the 1st quarter valued at about $54,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Trading Up 1.9%

NYSE SLGN opened at $39.44 on Thursday. The firm has a 50 day simple moving average of $39.11 and a 200-day simple moving average of $41.42. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.78 and a current ratio of 1.26. Silgan Holdings Inc. has a one year low of $35.68 and a one year high of $57.04. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 2.22 and a beta of 0.71.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. Silgan had a net margin of 4.31% and a return on equity of 17.22%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. Equities research analysts anticipate that Silgan Holdings Inc. will post 3.78 EPS for the current fiscal year.

Silgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.1%. Silgan’s dividend payout ratio is currently 31.58%.

Analysts Set New Price Targets

Several analysts recently issued reports on SLGN shares. Weiss Ratings lowered shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Citigroup lowered their price objective on shares of Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. JPMorgan Chase & Co. lowered their price objective on shares of Silgan from $53.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. UBS Group lowered their price objective on shares of Silgan from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Truist Financial lowered their price objective on shares of Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.56.

Silgan Company Profile

Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.