Adage Capital Partners GP L.L.C. Takes $2.51 Million Position in Silgan Holdings Inc. $SLGN

Adage Capital Partners GP L.L.C. bought a new position in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 49,033 shares of the industrial products company's stock, valued at approximately $2,507,000.

Several other large investors also recently modified their holdings of SLGN. State of Michigan Retirement System raised its holdings in shares of Silgan by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company's stock worth $992,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Silgan by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company's stock valued at $1,160,000 after acquiring an additional 200 shares during the period. Central Pacific Bank Trust Division raised its stake in Silgan by 5.9% during the first quarter. Central Pacific Bank Trust Division now owns 3,760 shares of the industrial products company's stock worth $192,000 after acquiring an additional 210 shares in the last quarter. Independent Advisor Alliance raised its stake in Silgan by 0.8% during the first quarter. Independent Advisor Alliance now owns 32,330 shares of the industrial products company's stock worth $1,653,000 after acquiring an additional 266 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in Silgan by 3.6% during the first quarter. Verdence Capital Advisors LLC now owns 7,741 shares of the industrial products company's stock worth $396,000 after acquiring an additional 270 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank Of Canada dropped 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. Truist Financial increased their price objective on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Raymond James Financial cut their target price on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company lifted their target price on shares of Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Bank of America upgraded shares of Silgan from a "neutral" rating to a "buy" rating and lifted their target price for the company from $53.00 to $57.00 in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $62.22.

Silgan Trading Down 1.1%

SLGN stock traded down $0.51 during trading on Friday, hitting $44.01. The company had a trading volume of 1,314,512 shares, compared to its average volume of 963,681. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average price of $49.22 and a 200-day moving average price of $51.31. Silgan Holdings Inc. has a 12 month low of $43.76 and a 12 month high of $58.14. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.16 and a beta of 0.71.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.02). Silgan had a return on equity of 19.98% and a net margin of 4.90%.The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm earned $0.88 EPS. The business's revenue for the quarter was up 11.4% on a year-over-year basis. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. As a group, analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, September 2nd. Silgan's payout ratio is 28.47%.

Insider Activity at Silgan

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $46.70, for a total transaction of $513,700.00. Following the completion of the sale, the executive vice president owned 142,378 shares in the company, valued at approximately $6,649,052.60. The trade was a 7.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.13% of the company's stock.

Silgan Company 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.