Fuller & Thaler Asset Management Inc. Sells 9,442 Shares of Silgan Holdings Inc. $SLGN

Key Points

• Fuller & Thaler Asset Management Inc. has reduced its stake in Silgan Holdings Inc. by 0.8%, now owning approximately 1.14% of the company valued at $62.48 million.
• Despite the stake reduction, several other institutional investors have increased their holdings in Silgan, indicating ongoing interest from large investors.
• Silgan recently announced a dividend payout of $0.20 per share, equating to an annualized yield of 1.7%, with the next payment scheduled for September 16th.

Fuller & Thaler Asset Management Inc. lessened its stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,222,251 shares of the industrial products company's stock after selling 9,442 shares during the period. Fuller & Thaler Asset Management Inc. owned 1.14% of Silgan worth $62,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brooklyn Investment Group boosted its position in shares of Silgan by 4,394.1% in the first quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 747 shares during the period. CX Institutional bought a new stake in shares of Silgan in the first quarter valued at approximately $42,000. UMB Bank n.a. boosted its position in shares of Silgan by 254.9% in the first quarter. UMB Bank n.a. now owns 898 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 645 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Silgan in the first quarter valued at approximately $51,000. Finally, GeoWealth Management LLC bought a new stake in shares of Silgan in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SLGN. 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. Wells Fargo & Company increased their price objective on Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Royal Bank Of Canada reduced their price objective on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Bank of America reissued a "neutral" rating and issued a $59.00 price objective (up from $57.00) on shares of Silgan in a research report on Wednesday, July 9th. Finally, Raymond James Financial reduced their target price 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. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $62.44.

Insider Activity

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of Silgan 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 completion of the transaction, the executive vice president directly owned 142,378 shares of the company's stock, valued at approximately $6,649,052.60. This trade represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.13% of the company's stock.

Silgan Stock Performance

SLGN stock traded up $0.9410 during midday trading on Friday, hitting $47.1910. The stock had a trading volume of 574,220 shares, compared to its average volume of 1,436,495. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.18 and a beta of 0.69. Silgan Holdings Inc. has a 52 week low of $44.37 and a 52 week high of $58.14. The stock has a 50-day simple moving average of $52.03 and a 200 day simple moving average of $52.19. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40.

Silgan (NYSE:SLGN - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%.The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $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, equities research analysts anticipate 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 will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. Silgan's dividend payout ratio (DPR) is presently 28.47%.

Silgan Company 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.