Bank of America Corp DE Makes New $101.37 Million Investment in Silgan Holdings Inc. $SLGN

Key Points

• Bank of America acquired 2.19 million Silgan Holdings shares worth approximately $101.4 million, giving it a 2.07% stake. Institutional investors and hedge funds collectively own 70.25% of the company.
• Silgan exceeded quarterly expectations, reporting $0.98 in EPS versus the $0.96 consensus and $1.64 billion in revenue, up 6.8% year over year. Management guided to fiscal 2026 EPS of $3.73–$3.93.
• Silgan pays a quarterly dividend of $0.21 per share, representing an annualized yield of about 2.3%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $54.

Bank of America Corp DE bought a new position in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,185,117 shares of the industrial products company's stock, valued at approximately $101,368,000. Bank of America Corp DE owned approximately 2.07% of Silgan as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Silgan in the fourth quarter valued at approximately $30,813,000. William Blair Investment Management LLC raised its position in Silgan by 11.5% in the 4th quarter. William Blair Investment Management LLC now owns 666,415 shares of the industrial products company's stock valued at $26,903,000 after purchasing an additional 68,611 shares during the last quarter. Buckland Partners Management Co LLC purchased a new stake in Silgan in the 2nd quarter valued at $6,439,000. Quantinno Capital Management LP boosted its stake in Silgan by 15.1% during the 1st quarter. Quantinno Capital Management LP now owns 179,341 shares of the industrial products company's stock worth $6,958,000 after purchasing an additional 23,485 shares during the period. Finally, Royce & Associates LP boosted its stake in Silgan by 6.6% during the 4th quarter. Royce & Associates LP now owns 755,611 shares of the industrial products company's stock worth $30,504,000 after purchasing an additional 46,706 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

Silgan Stock Performance

NYSE:SLGN opened at $37.22 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.80 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $3.93 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 2.21 and a beta of 0.68. The firm has a 50-day moving average price of $42.16 and a two-hundred day moving average price of $41.31. Silgan Holdings Inc. has a twelve month low of $35.68 and a twelve month high of $49.55.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 earnings per share. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. As a group, research analysts expect that Silgan Holdings Inc. will post 3.82 earnings per share for the current fiscal year.

Silgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 1st. Silgan's dividend payout ratio (DPR) is currently 32.94%.

Analyst Upgrades and Downgrades

SLGN has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Silgan from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 15th. UBS Group set a $47.00 price target on Silgan and gave the stock a "neutral" rating in a report on Thursday, July 30th. BMO Capital Markets initiated coverage on Silgan in a research report on Thursday, July 16th. They issued an "outperform" rating and a $57.00 price target on the stock. Bank of America increased their price objective on Silgan from $53.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $59.00 target price on shares of Silgan in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Silgan currently has an average rating of "Moderate Buy" and a consensus target price of $54.00.

Silgan Company Profile

Silgan Holdings Inc is a manufacturer of rigid packaging products serving consumer goods companies in North America, Europe and other international markets. The company's packaging is used for food, beverages, household products, personal care items, health care products, chemicals and other consumer and industrial applications.

Silgan operates through three principal business areas: metal containers, dispensing and specialty closures, and custom containers. Its products include steel and aluminum cans for food and general-line applications, aerosol containers, plastic containers, metal and plastic closures, dispensing systems, and custom-molded plastic packaging.

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