130,607 Shares in Silgan Holdings Inc. $SLGN Acquired by Legal & General Group Plc

Key Points

• Legal & General Group Plc acquired 130,607 Silgan shares worth approximately $6.06 million, giving it a 0.12% stake. Institutional investors collectively own 70.25% of the company.
• Analysts remain generally positive, with Silgan holding a “Moderate Buy” consensus rating and an average price target of $54.00; RBC and Bank of America raised their targets to $58.00.
• Silgan reported quarterly EPS of $0.98, beating estimates by $0.02, while revenue rose 6.8% year over year to $1.64 billion. The company also declared a quarterly dividend of $0.21, equivalent to a 2.0% annualized yield.

Legal & General Group Plc bought a new stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 130,607 shares of the industrial products company's stock, valued at approximately $6,059,000. Legal & General Group Plc owned approximately 0.12% of Silgan at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP bought a new position in shares of Silgan in the 2nd quarter valued at $28,000. Keating Financial Advisory Services Inc. acquired a new position in Silgan in the 2nd quarter worth about $28,000. EverSource Wealth Advisors LLC raised its position in Silgan by 627.2% in the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 577 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Silgan by 2,525.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 707 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Silgan during the third quarter worth about $33,000. Institutional investors own 70.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada upgraded shares of Silgan from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $51.00 to $58.00 in a report on Thursday, August 13th. Weiss Ratings raised shares of Silgan from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 15th. Raymond James Financial reissued an "outperform" rating and issued a $59.00 price objective on shares of Silgan in a research note on Wednesday, July 15th. UBS Group set a $47.00 target price on Silgan and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Silgan currently has an average rating of "Moderate Buy" and an average price target of $54.00.

Silgan Trading Down 0.2%

SLGN opened at $41.34 on Thursday. Silgan Holdings Inc. has a twelve month low of $35.68 and a twelve month high of $49.55. The company has a fifty day moving average of $43.71 and a 200-day moving average of $42.02. The stock has a market cap of $4.37 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 1.54.

Silgan (NYSE:SLGN - Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. Silgan had a net margin of 4.05% and a return on equity of 16.74%. Silgan's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. 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, sell-side analysts predict that Silgan Holdings Inc. will post 3.82 EPS for the current year.

Silgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid 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 of this dividend is Tuesday, September 1st. Silgan's payout ratio is currently 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.

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