Massachusetts Financial Services Co. MA Buys 55,288 Shares of Silgan Holdings Inc. $SLGN

Massachusetts Financial Services Co. MA increased its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 7.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 825,057 shares of the industrial products company’s stock after buying an additional 55,288 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.77% of Silgan worth $35,486,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its holdings in Silgan by 18.4% during the second quarter. QRG Capital Management Inc. now owns 37,752 shares of the industrial products company’s stock valued at $2,045,000 after purchasing an additional 5,864 shares in the last quarter. Swiss National Bank lifted its position in shares of Silgan by 4.9% during the 2nd quarter. Swiss National Bank now owns 173,700 shares of the industrial products company’s stock worth $9,411,000 after buying an additional 8,100 shares during the period. Campbell & CO Investment Adviser LLC boosted its stake in Silgan by 238.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 69,504 shares of the industrial products company’s stock valued at $3,766,000 after buying an additional 48,967 shares in the last quarter. New York State Common Retirement Fund grew its position in Silgan by 26.9% in the second quarter. New York State Common Retirement Fund now owns 186,194 shares of the industrial products company’s stock valued at $10,088,000 after acquiring an additional 39,496 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Silgan during the second quarter worth $1,925,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada downgraded shares of Silgan from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $49.00 to $43.00 in a research note on Thursday, January 15th. Citigroup reduced their price target on shares of Silgan from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. UBS Group reaffirmed a “neutral” rating and set a $44.00 price objective (up from $42.00) on shares of Silgan in a research note on Monday, January 12th. Truist Financial set a $50.00 target price on shares of Silgan and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Silgan in a research report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $54.00.

Insider Activity

In other news, CEO Adam J. Greenlee acquired 7,000 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $38.19 per share, for a total transaction of $267,330.00. Following the completion of the transaction, the chief executive officer directly owned 328,164 shares in the company, valued at $12,532,583.16. This trade represents a 2.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Kimberly Irene Ulmer acquired 1,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $38.11 per share, with a total value of $38,110.00. Following the completion of the acquisition, the chief accounting officer directly owned 105,321 shares in the company, valued at approximately $4,013,783.31. The trade was a 0.96% increase in their position. The SEC filing for this purchase provides additional information. 1.13% of the stock is owned by company insiders.

Silgan Price Performance

SLGN opened at $42.79 on Thursday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.27 and a quick ratio of 0.85. The stock has a market capitalization of $4.52 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 1.87 and a beta of 0.72. The company’s 50 day simple moving average is $40.35 and its 200-day simple moving average is $43.94. Silgan Holdings Inc. has a one year low of $36.15 and a one year high of $57.61.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.01. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.94 billion. Silgan had a return on equity of 19.47% and a net margin of 4.91%.The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 EPS. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS and its FY 2025 guidance at 3.660-3.76 EPS. Sell-side analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, December 1st. Silgan’s dividend payout ratio is 27.21%.

Silgan 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.