Livforsakringsbolaget Skandia Omsesidigt Sells 6,700 Shares of Silgan Holdings Inc. $SLGN

Key Points

• Livforsakringsbolaget Skandia Omsesidigt reduced its holdings in Silgan Holdings Inc. by 19.3%, selling 6,700 shares and ending the quarter with 28,000 shares valued at approximately $1.5 million.
• Various institutional investors, including Nomura and Tidal Investments, have adjusted their stakes in Silgan, with 70.25% of the stock being owned by hedge funds and other institutional investors.
• Silgan's recent earnings report showed a miss on EPS expectations, reporting $1.01 versus the anticipated $1.03, though revenue rose by 11.4% year-over-year.

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 19.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,000 shares of the industrial products company's stock after selling 6,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Silgan were worth $1,517,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State of Michigan Retirement System lifted its stake in Silgan by 1.0% in 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 last quarter. Louisiana State Employees Retirement System lifted its stake in Silgan by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company's stock valued at $1,160,000 after purchasing an additional 200 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in Silgan by 5.9% in the first 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. lifted its stake in Silgan by 4.5% in the first quarter. Aristeia Capital L.L.C. now owns 5,733 shares of the industrial products company's stock valued at $293,000 after purchasing an additional 245 shares during the last quarter. Finally, Independent Advisor Alliance lifted its stake 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 purchasing an additional 266 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Silgan Price Performance

Shares of NYSE SLGN traded down $0.33 during mid-day trading on Friday, hitting $42.82. 2,407,935 shares of the company's stock traded hands, compared to its average volume of 990,062. The company's 50-day moving average is $47.96 and its two-hundred day moving average is $50.98. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.56. The company has a market capitalization of $4.58 billion, a P/E ratio of 15.24, a PEG ratio of 1.11 and a beta of 0.71. Silgan Holdings Inc. has a 1 year low of $42.79 and a 1 year high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.02). The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. The firm's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. On average, equities analysts anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, September 2nd. Silgan's dividend payout ratio is presently 28.47%.

Insider Buying and Selling

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 value of $513,700.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada lowered their target price on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Bank of America upgraded shares of Silgan from a "neutral" rating to a "buy" rating and increased their target price for the stock from $53.00 to $57.00 in a report on Thursday, August 28th. Truist Financial raised their price target on shares of Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Raymond James Financial cut their target price on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research report on Thursday, July 31st. Finally, Wells Fargo & Company lifted their target price on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $62.22.

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.