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Drake & Associates LLC Increases Stake in Silgan Holdings Inc. $SLGN

Silgan logo with Industrials background

Key Points

  • Drake & Associates LLC increased its stake in Silgan Holdings Inc. by 63.5% in Q2, now holding approximately 53,011 shares valued at about $2.87 million.
  • Silgan's recent quarterly earnings reported $1.01 EPS, which was below analysts' expectations of $1.03, although revenue increased by 11.4% compared to last year.
  • The company declared a quarterly dividend of $0.20 per share, reflecting an annualized yield of 1.9% with a payout ratio of 28.47%.
  • Five stocks to consider instead of Silgan.

Drake & Associates LLC lifted its stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 63.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,011 shares of the industrial products company's stock after buying an additional 20,585 shares during the quarter. Silgan makes up approximately 0.7% of Drake & Associates LLC's portfolio, making the stock its 24th biggest position. Drake & Associates LLC's holdings in Silgan were worth $2,872,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Silgan by 2.1% in the first quarter. JPMorgan Chase & Co. now owns 5,916,625 shares of the industrial products company's stock worth $302,458,000 after acquiring an additional 120,844 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Silgan by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,312,590 shares of the industrial products company's stock worth $169,334,000 after purchasing an additional 250,577 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Silgan by 18.5% during the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company's stock worth $146,657,000 after purchasing an additional 448,828 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Silgan by 4.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,595,520 shares of the industrial products company's stock valued at $133,150,000 after buying an additional 115,878 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Silgan in the second quarter valued at $61,303,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Insiders Place Their Bets

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of Silgan stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total value of $513,700.00. Following the transaction, the executive vice president directly owned 142,378 shares in the company, valued at approximately $6,649,052.60. This trade represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.13% of the company's stock.

Silgan Stock Up 0.0%

SLGN stock opened at $42.78 on Tuesday. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.11 and a beta of 0.69. The company has a fifty day moving average price of $45.15 and a 200 day moving average price of $50.38. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.56. Silgan Holdings Inc. has a 12 month low of $41.29 and a 12 month high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.02). Silgan had a net margin of 4.90% and a return on equity of 19.98%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. 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 earnings per share for the current year.

Silgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.9%. Silgan's dividend payout ratio is currently 28.47%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SLGN shares. Raymond James Financial dropped their price objective on Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a report on Thursday, July 31st. Truist Financial increased 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. Weiss Ratings reissued a "hold (c)" rating on shares of Silgan in a report on Saturday, September 27th. Bank of America upgraded shares of Silgan from a "neutral" rating to a "buy" rating and upped their target price for the company from $53.00 to $57.00 in a report on Thursday, August 28th. Finally, Wells Fargo & Company lifted their price target on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Silgan currently has a consensus rating of "Buy" and a consensus price target of $62.22.

Read Our Latest Report on Silgan

Silgan Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Silgan (NYSE:SLGN)

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