Livforsakringsbolaget Skandia Omsesidigt Reduces Holdings in 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 stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 19.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,000 shares of the industrial products company's stock after selling 6,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Silgan were worth $1,517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLGN. Wellington Management Group LLP boosted its stake in Silgan by 18.5% in the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company's stock valued at $146,657,000 after acquiring an additional 448,828 shares during the last quarter. Nuveen LLC purchased a new position in shares of Silgan in the first quarter valued at $15,638,000. Dimensional Fund Advisors LP raised its stake in shares of Silgan by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,312,590 shares of the industrial products company's stock valued at $169,334,000 after purchasing an additional 250,577 shares during the period. Jane Street Group LLC purchased a new stake in Silgan during the 1st quarter worth about $9,892,000. Finally, JPMorgan Chase & Co. grew its holdings in Silgan by 2.1% during the 1st quarter. JPMorgan Chase & Co. now owns 5,916,625 shares of the industrial products company's stock valued at $302,458,000 after buying an additional 120,844 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Silgan

In other news, EVP Robert B. Lewis sold 11,000 shares of the firm'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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.13% of the company's stock.

Wall Street Analysts Forecast Growth

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

Silgan Trading Down 0.8%

Shares of NYSE:SLGN traded down $0.33 on Friday, hitting $42.82. The company had a trading volume of 2,407,935 shares, compared to its average volume of 990,062. The firm's 50-day simple moving average is $47.96 and its two-hundred day simple moving average is $50.98. Silgan Holdings Inc. has a 1 year low of $42.79 and a 1 year high of $58.14. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 1.12 and a beta of 0.71.

Silgan (NYSE:SLGN - Get Free Report) last posted 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). Silgan had a return on equity of 19.98% and a net margin of 4.90%.The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The company's revenue for the quarter 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 fiscal year.

Silgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) 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.