Silgan Holdings Inc. $SLGN Shares Sold by JLB & Associates Inc.

JLB & Associates Inc. lessened its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,964 shares of the industrial products company’s stock after selling 16,923 shares during the quarter. JLB & Associates Inc.’s holdings in Silgan were worth $1,169,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Silgan by 31.6% during the third quarter. JPMorgan Chase & Co. now owns 7,597,335 shares of the industrial products company’s stock worth $326,761,000 after acquiring an additional 1,822,797 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Silgan by 21,854.8% in the 4th quarter. SG Americas Securities LLC now owns 1,175,238 shares of the industrial products company’s stock valued at $47,444,000 after purchasing an additional 1,169,885 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Silgan by 131.9% during the 3rd quarter. Bank of America Corp DE now owns 2,027,845 shares of the industrial products company’s stock worth $87,218,000 after purchasing an additional 1,153,253 shares during the period. Wellington Management Group LLP grew its holdings in shares of Silgan by 25.8% during the 3rd quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company’s stock worth $241,071,000 after purchasing an additional 1,148,044 shares during the period. Finally, Millennium Management LLC increased its position in shares of Silgan by 1,609.6% during the 3rd quarter. Millennium Management LLC now owns 961,540 shares of the industrial products company’s stock worth $41,356,000 after purchasing an additional 905,296 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SLGN has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Silgan in a report on Wednesday, April 1st. They issued a “buy” rating and a $52.00 price objective on the stock. JPMorgan Chase & Co. dropped their price target 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 reduced their price target on shares of Silgan from $46.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday. Truist Financial decreased their price objective on shares of Silgan from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Citigroup dropped their target price on shares of Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.56.

Silgan Stock Down 0.6%

Shares of NYSE:SLGN opened at $40.25 on Friday. The firm has a market capitalization of $4.25 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.32 and a beta of 0.74. Silgan Holdings Inc. has a 1 year low of $36.15 and a 1 year high of $57.04. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.49 and a quick ratio of 0.30. The firm’s 50-day moving average is $41.37 and its two-hundred day moving average is $41.80.

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. Analysts predict that Silgan Holdings Inc. will post 3.78 EPS for the current year.

Silgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a dividend of $0.21 per share. This is an increase from Silgan’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, March 17th. Silgan’s dividend payout ratio is currently 31.58%.

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.