Alliancebernstein L.P. Trims Position in Silgan Holdings Inc. $SLGN

Key Points

• Alliancebernstein L.P. reduced its stake in Silgan Holdings Inc. by 12.6%, selling 73,741 shares, and now owns 513,095 shares valued at $26.2 million.
• In contrast, other hedge funds like Millennium Management LLC and Wellington Management Group LLP significantly increased their holdings in Silgan, indicating high institutional interest.
• Silgan recently declared a quarterly dividend of $0.20 per share, with a current dividend yield of 1.8% and an outlook for earnings per share (EPS) between 3.850-4.050 for FY 2025.

Alliancebernstein L.P. lessened its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 513,095 shares of the industrial products company's stock after selling 73,741 shares during the period. Alliancebernstein L.P. owned about 0.48% of Silgan worth $26,229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SLGN. Gotham Asset Management LLC lifted its stake in shares of Silgan by 90.5% in the fourth quarter. Gotham Asset Management LLC now owns 51,944 shares of the industrial products company's stock worth $2,704,000 after buying an additional 24,676 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Silgan by 36.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,515,582 shares of the industrial products company's stock worth $78,885,000 after buying an additional 401,890 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Silgan by 764.7% in the fourth quarter. Millennium Management LLC now owns 1,012,644 shares of the industrial products company's stock worth $52,708,000 after buying an additional 895,528 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Silgan in the fourth quarter worth approximately $561,000. Finally, Man Group plc lifted its stake in shares of Silgan by 6.5% in the fourth quarter. Man Group plc now owns 127,003 shares of the industrial products company's stock worth $6,611,000 after buying an additional 7,773 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Silgan Stock Performance

SLGN stock traded down $0.70 during midday trading on Monday, reaching $43.28. 1,315,763 shares of the company's stock traded hands, compared to its average volume of 967,086. Silgan Holdings Inc. has a 52-week low of $43.18 and a 52-week high of $58.14. The stock has a market cap of $4.63 billion, a P/E ratio of 15.40, a PEG ratio of 1.14 and a beta of 0.71. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40. The stock's 50-day moving average is $48.96 and its 200 day moving average is $51.22.

Silgan (NYSE:SLGN - Get Free Report) last announced its 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). Silgan had a net margin of 4.90% and a return on equity of 19.98%. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the prior year, the company posted $0.88 earnings per share. The firm's quarterly revenue 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 anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Silgan's dividend payout ratio is currently 28.47%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SLGN shares. Raymond James Financial dropped their target price on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a research note on Thursday, July 31st. Bank of America upgraded shares of Silgan from a "neutral" rating to a "buy" rating and upped their target price for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th. Truist Financial boosted their price objective on shares of Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a report on Friday, July 11th. Royal Bank Of Canada decreased their price objective on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Finally, Wells Fargo & Company boosted their price objective on shares of Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $62.22.

Insider Buying and Selling

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the company'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 sale, the executive vice president directly owned 142,378 shares of the company's stock, valued at approximately $6,649,052.60. This represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.