Comerica Bank Increases Stock Holdings in Silgan Holdings Inc. $SLGN

Key Points

• Comerica Bank raised its stake in Silgan by 65.7% in Q4 to 74,325 shares (about $3.0M) per its latest Form 13F filing.
• Silgan beat Q1 estimates with $0.78 EPS vs. $0.74 expected and $1.56B revenue (up 6.4% YoY), and set Q2 EPS guidance of 0.920–1.020 and FY 2026 guidance of 3.730–3.930 (consensus ~3.78).
• The company raised its quarterly dividend to $0.21 (from $0.20), equal to a $0.84 annualized payout and roughly a 2.1% yield with a ~31.6% payout ratio.

Comerica Bank raised its stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 65.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,325 shares of the industrial products company's stock after purchasing an additional 29,480 shares during the period. Comerica Bank owned 0.07% of Silgan worth $3,000,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA grew its position in shares of Silgan by 10.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 12,807 shares of the industrial products company's stock worth $517,000 after acquiring an additional 1,260 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of 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 acquiring an additional 278 shares during the last quarter. A&I Financial Services LLC purchased a new position in shares of Silgan during the fourth quarter worth approximately $735,000. Steph & Co. purchased a new position in shares of Silgan during the fourth quarter worth approximately $292,000. Finally, Choreo LLC grew its position in shares of Silgan by 13.3% during the fourth quarter. Choreo LLC now owns 13,286 shares of the industrial products company's stock worth $540,000 after acquiring an additional 1,563 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Price Performance

Shares of NYSE SLGN opened at $39.34 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.49 and a quick ratio of 0.30. The stock has a fifty day moving average price of $41.86 and a 200 day moving average price of $41.87. Silgan Holdings Inc. has a 1-year low of $36.15 and a 1-year high of $57.04. The company has a market cap of $4.16 billion, a PE ratio of 14.79, a P/E/G ratio of 2.28 and a beta of 0.74.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. Silgan had a return on equity of 17.22% and a net margin of 4.31%.The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company earned $0.69 earnings per share. The company's revenue for the quarter was up 6.4% on a year-over-year basis. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. Sell-side analysts forecast that Silgan Holdings Inc. will post 3.78 EPS for the current year.

Silgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a dividend of $0.21 per share. This is a boost from Silgan's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, March 17th. Silgan's dividend payout ratio is 31.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SLGN. Raymond James Financial restated a "market perform" rating on shares of Silgan in a research report on Thursday, January 15th. Citigroup lowered their target price on shares of Silgan from $56.00 to $54.00 and set a "buy" rating on the stock in a research report on Thursday, April 30th. UBS Group set a $46.00 target price on shares of Silgan and gave the stock a "neutral" rating in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Silgan in a research report on Wednesday, April 1st. They set a "buy" rating and a $52.00 target price on the stock. Finally, Wells Fargo & Company restated an "overweight" rating and set a $56.00 target price (up from $55.00) on shares of Silgan in a research report on Thursday. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.78.

Silgan 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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