Arete Wealth Advisors LLC Takes Position 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 acquired a new stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,240 shares of the industrial products company's stock, valued at approximately $626,000.

Several other hedge funds also recently modified their holdings of the stock. State of Michigan Retirement System increased its stake 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 valued at $992,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Silgan by 0.9% in the 1st 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 in the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Silgan by 5.9% in the 1st quarter. Central Pacific Bank Trust Division now owns 3,760 shares of the industrial products company's stock valued at $192,000 after acquiring an additional 210 shares in the last quarter. Aristeia Capital L.L.C. increased its stake in shares of Silgan by 4.5% in the 1st quarter. Aristeia Capital L.L.C. now owns 5,733 shares of the industrial products company's stock valued at $293,000 after acquiring an additional 245 shares in the last quarter. Finally, Independent Advisor Alliance increased its stake in shares of Silgan by 0.8% in the 1st quarter. Independent Advisor Alliance now owns 32,330 shares of the industrial products company's stock valued at $1,653,000 after acquiring an additional 266 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Insider Buying and Selling at Silgan

In other news, EVP Robert B. Lewis sold 11,000 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $46.70, for a total transaction of $513,700.00. Following the sale, the executive vice president directly owned 142,378 shares in the company, valued at $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 SEC, which is available at this link. 1.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SLGN has been the subject of several research analyst reports. Raymond James Financial lowered their price objective 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 boosted their price target 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. Bank of America upgraded shares of Silgan from a "neutral" rating to a "buy" rating and boosted their price target for the company from $53.00 to $57.00 in a research note on Thursday, August 28th. Truist Financial boosted their price target on shares of Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Royal Bank Of Canada decreased their price target on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $62.22.

Silgan Stock Performance

Shares of NYSE:SLGN traded down $0.48 during midday trading on Monday, reaching $43.50. The company had a trading volume of 158,690 shares, compared to its average volume of 819,306. The company's 50 day moving average price is $49.22 and its 200 day moving average price is $51.29. 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 has a market cap of $4.65 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.14 and a beta of 0.71. Silgan Holdings Inc. has a 52-week low of $43.56 and a 52-week high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.02). The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. Silgan's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the company 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. As a group, sell-side analysts anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Announces Dividend

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