Charles Schwab Investment Management Inc. Increases Stake in Silgan Holdings Inc. $SLGN

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Silgan Holdings Inc. by 9.2%, owning approximately 1,006,808 shares valued at $51.47 million as of the latest SEC filing.
• Silgan recently reported quarterly earnings of $1.01 per share, which missed the analyst expectation of $1.03, despite achieving revenue of $1.54 billion.
• The company also announced a quarterly dividend of $0.20 per share, representing an annualized dividend yield of 1.7%, with the payout ratio currently at 28.47%.

Charles Schwab Investment Management Inc. grew its holdings in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 9.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,006,808 shares of the industrial products company's stock after acquiring an additional 85,157 shares during the period. Charles Schwab Investment Management Inc. owned about 0.94% of Silgan worth $51,468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Millennium Management LLC increased its holdings in Silgan by 764.7% in the 4th quarter. Millennium Management LLC now owns 1,012,644 shares of the industrial products company's stock valued at $52,708,000 after acquiring an additional 895,528 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Silgan by 87.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,253,727 shares of the industrial products company's stock valued at $65,257,000 after purchasing an additional 584,840 shares in the last quarter. Janus Henderson Group PLC increased its holdings 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 purchasing an additional 401,890 shares during the last quarter. Northern Trust Corp lifted its position in shares of Silgan by 24.9% in the fourth quarter. Northern Trust Corp now owns 904,827 shares of the industrial products company's stock worth $47,096,000 after buying an additional 180,119 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its stake in Silgan by 13,943.8% during the fourth quarter. Susquehanna International Group LLP now owns 157,010 shares of the industrial products company's stock valued at $8,172,000 after buying an additional 155,892 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Silgan Trading Up 1.0%

Shares of Silgan stock traded up $0.4750 during trading on Wednesday, hitting $46.0850. The stock had a trading volume of 421,663 shares, compared to its average volume of 798,499. Silgan Holdings Inc. has a 12 month low of $44.37 and a 12 month high of $58.14. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.56. The firm's fifty day simple moving average is $52.51 and its 200-day simple moving average is $52.37. The stock has a market cap of $4.93 billion, a PE ratio of 16.37, a PEG ratio of 1.14 and a beta of 0.69.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. The business's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 expect that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is currently 28.47%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SLGN shares. Raymond James Financial reduced their price objective on Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a research note on Thursday, July 31st. JPMorgan Chase & Co. upgraded shares of Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price target on the stock in a research report on Thursday, May 1st. Truist Financial upped 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. Citigroup lifted their price objective on shares of Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Bank of America restated a "neutral" rating and issued a $59.00 target price (up from $57.00) on shares of Silgan in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Silgan has a consensus rating of "Buy" and an average target price of $62.44.

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.