BlackRock Inc. Makes New $369.41 Million Investment in Silgan Holdings Inc. $SLGN

Key Points

• BlackRock acquired 7.96 million Silgan shares worth approximately $369.4 million, giving it a 7.54% stake. Institutional investors collectively own 70.25% of the company.
• Analyst sentiment is positive, with Silgan holding a “Moderate Buy” consensus rating and an average price target of $54.00; RBC upgraded the stock to “outperform” with a $58 target.
• Silgan exceeded quarterly earnings and revenue estimates, reporting $0.98 EPS and $1.64 billion in revenue, while declaring a quarterly dividend of $0.21 per share, yielding about 2.0% annually.

BlackRock Inc. acquired a new position in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,963,052 shares of the industrial products company's stock, valued at approximately $369,406,000. BlackRock Inc. owned about 7.54% of Silgan as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. increased its stake in shares of Silgan by 1.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,441 shares of the industrial products company's stock valued at $704,000 after acquiring an additional 221 shares during the last quarter. Inspire Advisors LLC increased its position in Silgan by 4.5% during the fourth quarter. Inspire Advisors LLC now owns 5,123 shares of the industrial products company's stock worth $207,000 after purchasing an additional 221 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Silgan by 2.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 11,285 shares of the industrial products company's stock worth $456,000 after purchasing an additional 278 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Silgan by 37.4% in the 4th quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 295 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Silgan by 4.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,767 shares of the industrial products company's stock valued at $367,000 after purchasing an additional 308 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group set a $47.00 price objective on Silgan and gave the stock a "neutral" rating in a report on Thursday, July 30th. Royal Bank Of Canada upgraded Silgan from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $51.00 to $58.00 in a report on Thursday, August 13th. Bank of America upped their price target on Silgan from $53.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. BMO Capital Markets initiated coverage on Silgan in a report on Thursday, July 16th. They issued an "outperform" rating and a $57.00 price objective on the stock. Finally, Truist Financial reduced their price objective on Silgan from $54.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Silgan presently has an average rating of "Moderate Buy" and an average price target of $54.00.

Silgan Trading Up 0.4%

Shares of SLGN opened at $42.67 on Wednesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.27 and a quick ratio of 0.80. Silgan Holdings Inc. has a 12 month low of $35.68 and a 12 month high of $49.55. The stock has a market cap of $4.51 billion, a PE ratio of 16.73, a P/E/G ratio of 2.47 and a beta of 0.68. The stock's 50-day moving average is $43.76 and its two-hundred day moving average is $42.31.

Silgan (NYSE:SLGN - Get Free Report) last announced its 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 the consensus estimate of $1.62 billion. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The company's revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $1.01 EPS. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. Equities analysts forecast that Silgan Holdings Inc. will post 3.82 earnings per share for the current fiscal year.

Silgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 1st. Silgan's dividend payout ratio is 32.94%.

Silgan Company Profile

Silgan Holdings Inc NYSE: SLGN is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company's core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.

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