Hotchkis & Wiley Capital Management LLC Lowers Position in Silgan Holdings Inc. $SLGN

Key Points

• Hotchkis & Wiley Capital Management LLC decreased its stake in Silgan Holdings Inc. by 9.7%, owning 186,023 shares valued at approximately $9.51 million after selling 19,872 shares during the 1st quarter.
• Silgan recently reported earnings of $1.01 per share for the last quarter, missing estimates, but showed revenue growth of 11.4% year-over-year with revenues of $1.54 billion.
• The company announced a quarterly dividend of $0.20 per share, reflecting a dividend yield of 1.7% with an upcoming payment date of September 16th.

Hotchkis & Wiley Capital Management LLC lessened its stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,023 shares of the industrial products company's stock after selling 19,872 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.17% of Silgan worth $9,509,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLGN. Brooklyn Investment Group increased its position in Silgan by 4,394.1% during the 1st quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company's stock valued at $39,000 after buying an additional 747 shares in the last quarter. CX Institutional bought a new position in Silgan during the 1st quarter valued at approximately $42,000. UMB Bank n.a. increased its position in Silgan by 254.9% during the 1st quarter. UMB Bank n.a. now owns 898 shares of the industrial products company's stock valued at $46,000 after buying an additional 645 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Silgan during the 1st quarter valued at approximately $51,000. Finally, Continuum Advisory LLC increased its position in Silgan by 2,754.3% during the 1st quarter. Continuum Advisory LLC now owns 1,313 shares of the industrial products company's stock valued at $67,000 after buying an additional 1,267 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Silgan Stock Up 0.2%

Shares of Silgan stock traded up $0.08 on Friday, reaching $46.88. The company's stock had a trading volume of 972,405 shares, compared to its average volume of 1,062,956. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 1.40. Silgan Holdings Inc. has a 52 week low of $44.37 and a 52 week high of $58.14. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 1.17 and a beta of 0.69. The firm's fifty day simple moving average is $51.30 and its two-hundred day simple moving average is $51.97.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings data 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). Silgan had a return on equity of 19.98% and a net margin of 4.90%.The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm earned $0.88 EPS. The business's revenue was up 11.4% on a year-over-year basis. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. Equities analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. Silgan's payout ratio is presently 28.47%.

Insider Activity at Silgan

In related 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 value of $513,700.00. Following the completion of the sale, the executive vice president owned 142,378 shares of the company's stock, valued at $6,649,052.60. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SLGN has been the subject of a number of analyst reports. 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. Citigroup raised their price objective on Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. 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 report on Thursday, July 31st. Bank of America raised Silgan from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $53.00 to $57.00 in a report on Thursday. Finally, Wells Fargo & Company lifted their target price on Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to MarketBeat.com, Silgan currently has an average rating of "Buy" and a consensus target price of $62.22.

Silgan 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.