Silgan Holdings Inc. $SLGN Shares Sold by LSV Asset Management

LSV Asset Management cut its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 22.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 161,300 shares of the industrial products company’s stock after selling 45,800 shares during the quarter. LSV Asset Management’s holdings in Silgan were worth $8,739,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Silgan during the second quarter valued at about $61,303,000. William Blair Investment Management LLC acquired a new stake in Silgan in the 2nd quarter worth approximately $29,053,000. Wellington Management Group LLP grew its position in Silgan by 18.5% during the 1st quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company’s stock worth $146,657,000 after purchasing an additional 448,828 shares during the last quarter. Nuveen LLC acquired a new position in Silgan during the 1st quarter valued at approximately $15,638,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Silgan by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,312,590 shares of the industrial products company’s stock worth $169,334,000 after buying an additional 250,577 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Insider Activity

In other Silgan news, CAO Kimberly Irene Ulmer purchased 1,000 shares of the business’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 purchase, the chief accounting officer directly owned 105,321 shares in the company, valued at approximately $4,013,783.31. This trade represents a 0.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam J. Greenlee purchased 7,000 shares of Silgan stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average cost of $38.19 per share, with a total value of $267,330.00. Following the acquisition, 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 position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SLGN shares. Bank of America raised Silgan from a “neutral” rating to a “buy” rating and upped their target price for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Silgan in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced their price objective on Silgan from $64.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. 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, Wells Fargo & Company cut their price target on shares of Silgan from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Silgan currently has an average rating of “Moderate Buy” and an average price target of $57.22.

Silgan Stock Up 0.3%

Shares of SLGN opened at $38.03 on Thursday. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.27 and a beta of 0.67. Silgan Holdings Inc. has a 52 week low of $36.15 and a 52 week high of $58.14. The stock’s 50-day moving average price is $41.67 and its 200-day moving average price is $48.37. The company has a quick ratio of 0.56, a current ratio of 0.50 and a debt-to-equity ratio of 1.40.

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

Silgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 1st. Silgan’s dividend payout ratio is presently 27.21%.

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.