First Citizens Bank & Trust Co. Buys New Position in Silgan Holdings Inc. $SLGN

First Citizens Bank & Trust Co. bought a new stake in Silgan Holdings Inc. (NYSE:SLGN) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 11,086 shares of the industrial products company’s stock, valued at approximately $601,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC acquired a new position in Silgan in the 2nd quarter valued at about $29,053,000. Ritholtz Wealth Management raised its stake in Silgan by 91.1% in the 2nd quarter. Ritholtz Wealth Management now owns 32,762 shares of the industrial products company’s stock valued at $1,775,000 after purchasing an additional 15,622 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Silgan by 17.7% during the 2nd quarter. Verdence Capital Advisors LLC now owns 9,109 shares of the industrial products company’s stock valued at $494,000 after acquiring an additional 1,368 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Silgan by 113.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,709 shares of the industrial products company’s stock valued at $959,000 after acquiring an additional 9,394 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Silgan by 15.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,478 shares of the industrial products company’s stock valued at $568,000 after acquiring an additional 1,424 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Stock Performance

Silgan stock opened at $44.57 on Friday. The stock has a market cap of $4.77 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.39 and a beta of 0.69. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40. The stock has a 50 day moving average of $44.10 and a 200-day moving average of $49.80. Silgan Holdings Inc. has a 52 week low of $41.29 and a 52 week high of $58.14.

Silgan (NYSE:SLGN) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (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 analyst estimates of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior 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. On average, analysts expect that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on SLGN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Silgan in a research note on Friday. Truist Financial decreased their target price on Silgan from $67.00 to $62.00 and set a “buy” rating for the company in a report on Monday, October 13th. Bank of America upgraded Silgan from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $53.00 to $57.00 in a report on Thursday, August 28th. Raymond James Financial set a $53.00 target price on Silgan and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Royal Bank Of Canada decreased their target price on Silgan from $64.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Silgan has an average rating of “Moderate Buy” and a consensus target price of $60.11.

Insider Activity

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

Silgan Profile

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.