32,909 Shares in Silgan Holdings Inc. $SLGN Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC has acquired a new stake in Silgan Holdings Inc., purchasing 32,909 shares valued at approximately $1.68 million in the first quarter.
• Equities analysts project growth for Silgan, with several firms raising their target prices, leading to a consensus "Buy" rating with a target price of $62.44.
• Silgan has announced a quarterly dividend of $0.20 per share, set to be paid on September 16th, representing an annualized dividend yield of 1.7%.

Jump Financial LLC acquired a new position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 32,909 shares of the industrial products company's stock, valued at approximately $1,682,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Michigan Retirement System increased 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 purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System increased its stake in 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 valued at $1,160,000 after buying an additional 200 shares during the period. Central Pacific Bank Trust Division increased its stake 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 buying an additional 210 shares during the period. Aristeia Capital L.L.C. lifted its stake in shares of Silgan by 4.0% in the 4th quarter. Aristeia Capital L.L.C. now owns 5,488 shares of the industrial products company's stock worth $286,000 after acquiring an additional 212 shares during the period. Finally, Independent Advisor Alliance lifted its stake in shares of Silgan by 0.8% in the 1st quarter. Independent Advisor Alliance now owns 32,330 shares of the industrial products company's stock worth $1,653,000 after acquiring an additional 266 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SLGN has been the topic of a number of research analyst reports. 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. Royal Bank Of Canada reduced their target price on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Truist Financial lifted their price target on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Citigroup lifted their price target on Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Raymond James Financial reduced their price objective on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to MarketBeat, Silgan has a consensus rating of "Buy" and an average price target of $62.22.

Insider Activity

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the company's stock in a transaction dated 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 directly owned 142,378 shares in the company, valued at $6,649,052.60. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.13% of the company's stock.

Silgan Stock Up 0.2%

Silgan stock traded up $0.08 during mid-day trading on Monday, hitting $46.88. The company's stock had a trading volume of 972,405 shares, compared to its average volume of 981,018. The firm's 50 day moving average is $51.30 and its 200 day moving average is $51.96. The company has a market cap of $5.02 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.22 and a beta of 0.71. 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 52-week low of $44.37 and a 52-week high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly 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). Silgan had a net margin of 4.90% and a return on equity of 19.98%. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The company'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. On average, analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Announces Dividend

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 dividend of $0.20 per share. 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 is currently 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.