Magnetar Financial LLC Purchases Shares of 101,124 Silgan Holdings Inc. $SLGN

Key Points

• Magnetar Financial LLC has invested approximately $5.17 million in Silgan Holdings Inc. during the first quarter by acquiring 101,124 shares.
• Insider activity was noted as EVP Robert B. Lewis sold 11,000 shares at an average price of $46.70, reducing his ownership by 7.17%.
• Analysts have a positive outlook for Silgan Holdings, with target price adjustments ranging from $57 to $67 and a consensus rating of "Buy."

Magnetar Financial LLC purchased a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 101,124 shares of the industrial products company's stock, valued at approximately $5,169,000. Magnetar Financial LLC owned approximately 0.09% of Silgan as of its most recent SEC filing.

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

Silgan Price Performance

Shares of SLGN traded up $0.27 during trading hours on Thursday, reaching $44.84. 1,446,396 shares of the stock traded hands, compared to its average volume of 948,289. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40. Silgan Holdings Inc. has a 52-week low of $44.36 and a 52-week high of $58.14. The company's 50-day moving average price is $50.57 and its two-hundred day moving average price is $51.76. The company has a market cap of $4.80 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 1.16 and a beta of 0.71.

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 net margin of 4.90% and a return on equity of 19.98%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter last year, the firm posted $0.88 EPS. The firm's quarterly 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 earnings per share for the current year.

Silgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. Silgan's payout ratio is 28.47%.

Insider Buying and Selling at Silgan

In related news, EVP Robert B. Lewis sold 11,000 shares of Silgan stock in a transaction 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 transaction, the executive vice president owned 142,378 shares in the company, valued at approximately $6,649,052.60. The trade was a 7.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.13% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SLGN. Royal Bank Of Canada dropped 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. Wells Fargo & Company raised 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. Raymond James Financial dropped 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. Truist Financial raised their target price on shares of Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Bank of America upgraded shares of Silgan from a "neutral" rating to a "buy" rating and raised their target price for the stock from $53.00 to $57.00 in a report on Thursday, August 28th. 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 data from MarketBeat, the company has a consensus rating of "Buy" and an average target price 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.