Hotchkis & Wiley Capital Management LLC Has $9.51 Million Holdings 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 decreased its stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,023 shares of the industrial products company's stock after selling 19,872 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.17% of Silgan worth $9,509,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SLGN. State of Michigan Retirement System lifted its holdings in shares of Silgan by 1.0% during the first quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company's stock valued at $992,000 after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Silgan by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company's stock worth $1,160,000 after purchasing an additional 200 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in Silgan by 5.9% during the 1st quarter. Central Pacific Bank Trust Division now owns 3,760 shares of the industrial products company's stock valued at $192,000 after purchasing an additional 210 shares during the last quarter. Aristeia Capital L.L.C. boosted its position in Silgan by 4.0% in the fourth quarter. Aristeia Capital L.L.C. now owns 5,488 shares of the industrial products company's stock valued at $286,000 after buying an additional 212 shares in the last quarter. Finally, Independent Advisor Alliance boosted its position in Silgan by 0.8% in the first quarter. Independent Advisor Alliance now owns 32,330 shares of the industrial products company's stock valued at $1,653,000 after buying an additional 266 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Silgan Stock Up 2.0%

NYSE:SLGN opened at $47.1910 on Monday. The company has a market cap 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. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. The stock's fifty day moving average price is $52.03 and its two-hundred day moving average price is $52.19. Silgan Holdings Inc. has a 52-week low of $44.37 and a 52-week high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the firm earned $0.88 EPS. The company's 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. On average, analysts anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is 28.47%.

Insider Activity at Silgan

In other news, EVP Robert B. Lewis sold 11,000 shares of Silgan stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $46.70, for a total transaction of $513,700.00. Following the completion of the sale, the executive vice president owned 142,378 shares in the company, valued at $6,649,052.60. The trade was a 7.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on SLGN shares. Citigroup raised their price objective on shares of Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada dropped their price target on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, August 1st. JPMorgan Chase & Co. upgraded 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 target price on Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Bank of America restated a "neutral" rating and issued a $59.00 target price (up from $57.00) on shares of Silgan in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $62.44.

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.

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