Sei Investments Co. Acquires 23,565 Shares of Silgan Holdings Inc. $SLGN

Sei Investments Co. raised its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 8.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 305,800 shares of the industrial products company’s stock after acquiring an additional 23,565 shares during the quarter. Sei Investments Co.’s holdings in Silgan were worth $11,865,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Silgan by 1.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,441 shares of the industrial products company’s stock worth $704,000 after purchasing an additional 221 shares during the period. Inspire Advisors LLC increased its holdings in Silgan by 4.5% in the fourth quarter. Inspire Advisors LLC now owns 5,123 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 221 shares during the period. Verdence Capital Advisors LLC increased its holdings in Silgan by 2.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 11,285 shares of the industrial products company’s stock valued at $456,000 after purchasing an additional 278 shares during the period. Fifth Third Bancorp raised its position in Silgan by 37.4% during the 4th quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 295 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in Silgan by 4.8% during the 2nd quarter. NewEdge Advisors LLC now owns 6,767 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 308 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

SLGN has been the topic of several recent research reports. Bank of America lifted their target price on Silgan from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Truist Financial lowered their price objective on Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. UBS Group set a $47.00 price objective on Silgan and gave the stock a “neutral” rating in a research note on Thursday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $51.00 target price (up from $49.00) on shares of Silgan in a report on Thursday, July 9th. Finally, BMO Capital Markets initiated coverage on shares of Silgan in a research report on Thursday, July 16th. They set an “outperform” rating and a $57.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $53.30.

Silgan Price Performance

SLGN stock opened at $40.06 on Friday. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 2.25 and a beta of 0.66. The company has a quick ratio of 0.78, a current ratio of 0.53 and a debt-to-equity ratio of 1.58. Silgan Holdings Inc. has a 12-month low of $35.68 and a 12-month high of $49.55. The company’s fifty day simple moving average is $42.57 and its 200 day simple moving average is $42.49.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the business posted $1.01 EPS. The business’s revenue was up 6.8% compared to the same quarter last year. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. On average, analysts expect that Silgan Holdings Inc. will post 3.8 earnings per share for the current year.

Silgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, June 1st. Silgan’s payout ratio is presently 32.94%.

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.