Arete Wealth Advisors LLC Invests $626,000 in Silgan Holdings Inc. $SLGN

Key Points

• Arete Wealth Advisors LLC has acquired a new position in Silgan Holdings Inc. by purchasing 12,240 shares, valued at approximately $626,000, during the first quarter.
• Several hedge funds, including Brooklyn Investment Group and CX Institutional, have significantly increased their investments in Silgan, with institutional investors currently holding 70.25% of the company.
• Bank of America has upgraded Silgan's stock rating from "neutral" to "buy" and raised its target price to $57.00, reflecting positive sentiment in the market.

Arete Wealth Advisors LLC bought a new position in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 12,240 shares of the industrial products company's stock, valued at approximately $626,000.

Other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group raised its stake in shares of Silgan by 4,394.1% during the 1st quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company's stock worth $39,000 after purchasing an additional 747 shares during the period. CX Institutional purchased a new stake in Silgan in the 1st quarter worth about $42,000. UMB Bank n.a. increased its holdings in Silgan by 254.9% in the 1st quarter. UMB Bank n.a. now owns 898 shares of the industrial products company's stock worth $46,000 after acquiring an additional 645 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Silgan in the 1st quarter worth about $51,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Silgan in the 1st quarter worth about $54,000. 70.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.13% of the company's stock.

Silgan Price Performance

Shares of NYSE SLGN traded down $0.51 during midday trading on Friday, hitting $44.01. 1,314,512 shares of the company's stock were exchanged, compared to its average volume of 963,681. Silgan Holdings Inc. has a 12-month low of $43.76 and a 12-month high of $58.14. 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 company 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. The business's fifty day moving average price is $49.22 and its two-hundred day moving average price is $51.33.

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

Silgan Dividend Announcement

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