Fort Washington Investment Advisors Inc. OH Has $26.75 Million Holdings in Silgan Holdings Inc. $SLGN

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Silgan Holdings Inc. by 11.8%, now owning 493,654 shares valued at approximately $26.75 million.
• Silgan reported quarterly earnings of $1.01 per share, missing expectations, while revenue increased by 11.4% year-over-year to $1.54 billion.
• The company recently declared a quarterly dividend of $0.20 per share, resulting in an annualized yield of 1.9% and a payout ratio of 28.47%.

Fort Washington Investment Advisors Inc. OH grew its stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 11.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493,654 shares of the industrial products company's stock after purchasing an additional 52,294 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.46% of Silgan worth $26,746,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Silgan by 18.5% in the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company's stock valued at $146,657,000 after buying an additional 448,828 shares during the period. Nuveen LLC bought a new stake in shares of Silgan in the 1st quarter worth approximately $15,638,000. Dimensional Fund Advisors LP lifted its position in shares of Silgan by 8.2% in 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 acquiring an additional 250,577 shares during the period. Jane Street Group LLC acquired a new stake in shares of Silgan during the 1st quarter worth approximately $9,892,000. Finally, JPMorgan Chase & Co. increased its position in shares of Silgan by 2.1% during the first quarter. JPMorgan Chase & Co. now owns 5,916,625 shares of the industrial products company's stock valued at $302,458,000 after purchasing an additional 120,844 shares during the period. Institutional investors and hedge funds own 70.25% of the company's stock.

Silgan Trading Up 2.4%

Shares of SLGN stock opened at $42.52 on Monday. The company has a market capitalization of $4.55 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.10 and a beta of 0.71. Silgan Holdings Inc. has a 12-month low of $41.29 and a 12-month high of $58.14. 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 price of $46.69 and a 200 day moving average price of $50.67.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.02). Silgan had a return on equity of 19.98% and a net margin of 4.90%.The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the company posted $0.88 earnings per share. Silgan's quarterly revenue 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. Research analysts forecast that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently commented on SLGN. Wells Fargo & Company raised their target price on Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Bank of America upgraded shares of Silgan from a "neutral" rating to a "buy" rating and increased their price objective for the company from $53.00 to $57.00 in a research note on Thursday, August 28th. Royal Bank Of Canada decreased their target price on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Raymond James Financial lowered their target price on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a research note on Thursday, July 31st. Finally, Truist Financial raised their price target on shares of Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $62.22.

Insider Activity at Silgan

In other news, EVP Robert B. Lewis sold 11,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total transaction of $513,700.00. Following the sale, the executive vice president owned 142,378 shares in the company, valued at approximately $6,649,052.60. This represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.13% of the company's stock.

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.

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