Police & Firemen s Retirement System of New Jersey Purchases 3,016 Shares of Silgan Holdings Inc. $SLGN

Police & Firemen s Retirement System of New Jersey lifted its position in Silgan Holdings Inc. (NYSE:SLGN) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,413 shares of the industrial products company’s stock after purchasing an additional 3,016 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Silgan were worth $1,810,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Allianz Asset Management GmbH lifted its holdings in shares of Silgan by 38.0% during the 1st quarter. Allianz Asset Management GmbH now owns 13,445 shares of the industrial products company’s stock worth $687,000 after acquiring an additional 3,700 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Silgan during the first quarter worth about $2,009,000. Royce & Associates LP boosted its holdings in Silgan by 18.8% during the first quarter. Royce & Associates LP now owns 583,380 shares of the industrial products company’s stock valued at $29,822,000 after purchasing an additional 92,321 shares in the last quarter. Inspire Advisors LLC acquired a new stake in Silgan during the first quarter valued at approximately $233,000. Finally, Mackenzie Financial Corp grew its stake in shares of Silgan by 16.3% in the 1st quarter. Mackenzie Financial Corp now owns 12,070 shares of the industrial products company’s stock valued at $617,000 after purchasing an additional 1,695 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Stock Up 0.9%

Shares of NYSE SLGN opened at $38.39 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.50 and a debt-to-equity ratio of 1.40. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. Silgan Holdings Inc. has a 12-month low of $36.15 and a 12-month high of $58.14. The firm’s 50-day simple moving average is $41.55 and its 200 day simple moving average is $48.30.

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

Silgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, December 1st. Silgan’s dividend payout ratio (DPR) is presently 27.21%.

Insiders Place Their Bets

In other news, CEO Adam J. Greenlee purchased 7,000 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were acquired at an average price of $38.19 per share, with a total value of $267,330.00. Following the completion of the purchase, the chief executive officer directly owned 328,164 shares of the company’s stock, valued at $12,532,583.16. The trade was a 2.18% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kimberly Irene Ulmer purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $38.11 per share, for a total transaction of $38,110.00. Following the acquisition, the chief accounting officer owned 105,321 shares of the company’s stock, valued at $4,013,783.31. The trade was a 0.96% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on SLGN shares. Wells Fargo & Company decreased their price target on Silgan from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Raymond James Financial set a $53.00 price objective on Silgan and gave the company an “outperform” rating in a report on Friday, October 17th. Truist Financial lowered their target price on shares of Silgan from $62.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Royal Bank Of Canada cut their price target on shares of Silgan from $64.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Finally, Bank of America raised shares of Silgan from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Silgan presently has an average rating of “Moderate Buy” and a consensus price target of $57.22.

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.