Algert Global LLC Invests $1.33 Million in Silgan Holdings Inc. $SLGN

Key Points

• Algert Global LLC has invested $1.33 million in Silgan Holdings Inc. by acquiring 26,080 shares, indicating positive institutional interest in the company.
• Several analysts have increased their price targets for Silgan, with a consensus target now at $62.44 and an overall rating of "Buy" from multiple analysts.
• Silgan recently announced a quarterly dividend of $0.20 per share, reflecting an annualized dividend yield of 1.7%.

Algert Global LLC bought a new stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,080 shares of the industrial products company's stock, valued at approximately $1,333,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. CX Institutional bought a new position in Silgan in the first quarter valued at approximately $42,000. UMB Bank n.a. lifted its stake in shares of Silgan by 254.9% in the 1st quarter. UMB Bank n.a. now owns 898 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 645 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Silgan in the 1st quarter valued at $51,000. GeoWealth Management LLC bought a new position in shares of Silgan in the 4th quarter worth $56,000. Finally, Continuum Advisory LLC grew its stake in shares of Silgan by 2,754.3% during the first quarter. Continuum Advisory LLC now owns 1,313 shares of the industrial products company's stock worth $67,000 after purchasing an additional 1,267 shares during the period. 70.25% of the stock is owned by institutional investors.

Insider Buying and Selling at Silgan

In other news, EVP Robert B. Lewis sold 11,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 142,378 shares of the company's stock, valued at $6,649,052.60. This trade represents a 7.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SLGN has been the topic of several analyst reports. Royal Bank Of Canada cut their target price on Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. JPMorgan Chase & Co. upgraded shares of Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price target on the stock in a research report on Thursday, May 1st. Truist Financial lifted their price objective on shares of Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Citigroup upped their target price on shares of Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company increased their target price on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $62.22.

Silgan Stock Up 0.6%

NYSE SLGN traded up $0.28 on Thursday, reaching $46.61. The company had a trading volume of 215,314 shares, compared to its average volume of 802,090. The company's fifty day moving average is $51.58 and its 200-day moving average is $52.05. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 1.16 and a beta of 0.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. Silgan Holdings Inc. has a 1-year low of $44.37 and a 1-year high of $58.14.

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

Silgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. Silgan's dividend payout ratio is 28.47%.

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.