138,800 Shares in Silgan Holdings Inc. $SLGN Acquired by Buckland Partners Management Co LLC

Key Points

• Buckland Partners Management acquired 138,800 Silgan Holdings shares worth approximately $6.4 million, making SLGN its fifth-largest holding and representing 0.13% of Silgan’s outstanding stock.
• Institutional ownership remains significant at 70.25%, with BlackRock, Fuller & Thaler, JPMorgan, Bank of America and Wellington Management among investors increasing or initiating positions.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $54 target price. Silgan also exceeded quarterly earnings expectations, raised revenue 6.8% year over year, and announced a $0.21 quarterly dividend yielding about 2%.

Buckland Partners Management Co LLC bought a new position in shares of 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. The firm bought 138,800 shares of the industrial products company's stock, valued at approximately $6,439,000. Silgan accounts for 3.2% of Buckland Partners Management Co LLC's portfolio, making the stock its 5th largest holding. Buckland Partners Management Co LLC owned 0.13% of Silgan at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Silgan in the second quarter worth $369,406,000. Fuller & Thaler Asset Management Inc. increased its stake in Silgan by 177.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,400,088 shares of the industrial products company's stock worth $137,262,000 after buying an additional 2,174,028 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Silgan by 22.1% during the fourth quarter. JPMorgan Chase & Co. now owns 9,274,095 shares of the industrial products company's stock valued at $374,395,000 after acquiring an additional 1,676,760 shares during the period. Bank of America Corp DE lifted its position in shares of Silgan by 131.9% in the third quarter. Bank of America Corp DE now owns 2,027,845 shares of the industrial products company's stock valued at $87,218,000 after acquiring an additional 1,153,253 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Silgan by 25.8% in the third quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company's stock worth $241,071,000 after acquiring an additional 1,148,044 shares during the period. Hedge funds and other institutional investors own 70.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SLGN. Truist Financial decreased their target price on Silgan from $54.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Weiss Ratings upgraded Silgan from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 15th. Citigroup cut their price objective 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. Bank of America lifted their price objective on shares of Silgan from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada upgraded shares of Silgan from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $51.00 to $58.00 in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.00.

Silgan Stock Performance

NYSE:SLGN opened at $41.74 on Tuesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.27 and a quick ratio of 0.80. Silgan Holdings Inc. has a 1 year low of $35.68 and a 1 year high of $49.55. The stock's 50 day simple moving average is $43.58 and its two-hundred day simple moving average is $42.40. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 2.47 and a beta of 0.68.

Silgan (NYSE:SLGN - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.98 EPS for the quarter, beating 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 in the prior year, the company earned $1.01 EPS. The company's quarterly 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. As a group, equities analysts anticipate that Silgan Holdings Inc. will post 3.82 earnings per share for the current fiscal year.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 1st. Silgan's dividend payout ratio is currently 32.94%.

About Silgan

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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