Atlas FRM LLC bought a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,040,000 shares of the industrial products company's stock, valued at approximately $48,245,600. Silgan accounts for about 0.0% of Atlas FRM LLC's investment portfolio, making the stock its 16th biggest holding. Atlas FRM LLC owned approximately 0.98% of Silgan at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. increased its position in Silgan by 1.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,441 shares of the industrial products company's stock valued at $704,000 after purchasing an additional 221 shares during the period. Inspire Advisors LLC increased its position in Silgan by 4.5% during the 4th 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 position in Silgan by 2.5% during the 4th 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 increased 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 valued at $44,000 after purchasing an additional 295 shares during the period. Finally, NewEdge Advisors LLC increased 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 valued at $367,000 after purchasing an additional 308 shares during the period. Institutional investors and hedge funds own 70.25% of the company's stock.
Silgan Price Performance
Silgan stock opened at $42.07 on Friday. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 2.43 and a beta of 0.68. Silgan Holdings Inc. has a 52-week low of $35.68 and a 52-week high of $49.55. The stock's 50 day moving average price is $43.79 and its two-hundred day moving average price is $42.22. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.80 and a current ratio of 1.27.
Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.02. The firm had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.62 billion. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 EPS. 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, equities analysts predict that Silgan Holdings Inc. will post 3.82 earnings per share for the current year.
Silgan Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 1st. Silgan's dividend payout ratio (DPR) is currently 32.94%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Weiss Ratings raised shares of Silgan from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 15th. Raymond James Financial restated an "outperform" rating and set a $59.00 price target on shares of Silgan in a report on Wednesday, July 15th. Bank of America increased their price target on Silgan from $53.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. BMO Capital Markets assumed coverage on Silgan in a report on Thursday, July 16th. They set an "outperform" rating and a $57.00 price target on the stock. Finally, Royal Bank Of Canada upgraded Silgan from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $51.00 to $58.00 in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $54.00.
Check Out Our Latest Report on SLGN
About Silgan
(
Free Report)
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.
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