Silgan Holdings Inc. $SLGN Shares Purchased by Charles Schwab Investment Management Inc.

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

Several other institutional investors and hedge funds have also recently bought and sold shares of SLGN. Millennium Management LLC boosted its position in shares of Silgan by 764.7% during the 4th quarter. Millennium Management LLC now owns 1,012,644 shares of the industrial products company's stock worth $52,708,000 after acquiring an additional 895,528 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Silgan by 87.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,253,727 shares of the industrial products company's stock worth $65,257,000 after acquiring an additional 584,840 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Silgan by 36.1% during the 4th quarter. Janus Henderson Group PLC now owns 1,515,582 shares of the industrial products company's stock worth $78,885,000 after acquiring an additional 401,890 shares in the last quarter. Northern Trust Corp boosted its position in shares of Silgan by 24.9% during the 4th quarter. Northern Trust Corp now owns 904,827 shares of the industrial products company's stock worth $47,096,000 after acquiring an additional 180,119 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its position in shares of Silgan by 13,943.8% during the 4th quarter. Susquehanna International Group LLP now owns 157,010 shares of the industrial products company's stock worth $8,172,000 after acquiring an additional 155,892 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SLGN shares. Truist Financial upped their price objective on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Raymond James Financial lowered their price objective on Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price objective for the company in a research report on Thursday, May 1st. Royal Bank Of Canada reduced their target price on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Finally, Bank of America reissued 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 investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $62.44.

Silgan Price Performance

Shares of SLGN traded down $0.0350 on Thursday, reaching $46.2850. The stock had a trading volume of 932,610 shares, compared to its average volume of 1,415,738. The firm has a market capitalization of $4.95 billion, a PE ratio of 16.47, a PEG ratio of 1.16 and a beta of 0.69. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 1.40. The firm has a 50-day moving average of $52.17 and a 200 day moving average of $52.27. Silgan Holdings Inc. has a twelve month low of $44.37 and a twelve month high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly 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). The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%.The business's revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. Sell-side analysts expect that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, September 2nd. Silgan's dividend payout ratio is 28.47%.

About Silgan

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.