Nuveen LLC Takes $15.64 Million Position in Silgan Holdings Inc. $SLGN

Key Points

• Nuveen LLC has acquired a new stake in Silgan Holdings Inc., purchasing 305,915 shares valued at approximately $15.6 million, equating to about 0.29% ownership of the company.
• Silgan Holdings reported an EPS of $1.01 for its latest quarter, which fell short of analysts' expectations of $1.03, while the company’s revenue grew by 11.4% year-over-year.
• The company has announced a quarterly dividend of $0.20 per share, with a yield of 1.7%, set to be paid on September 16th.

Nuveen LLC bought a new position in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 305,915 shares of the industrial products company's stock, valued at approximately $15,638,000. Nuveen LLC owned approximately 0.29% of Silgan at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CX Institutional purchased a new stake in shares of Silgan during the first quarter worth about $42,000. UMB Bank n.a. grew 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 worth $46,000 after purchasing an additional 645 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Silgan during the first quarter worth about $51,000. GeoWealth Management LLC purchased a new stake in shares of Silgan during the fourth quarter worth about $56,000. Finally, Continuum Advisory LLC grew its position in shares of Silgan by 2,754.3% during 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 in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup raised their price target on Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Truist Financial raised their price target 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 raised their price target on Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Royal Bank Of Canada cut 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. Finally, Raymond James Financial cut their price target on Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $62.44.

Silgan Trading Down 0.2%

Shares of SLGN stock traded down $0.11 on Tuesday, reaching $46.26. 1,038,543 shares of the company's stock were exchanged, compared to its average volume of 1,453,961. Silgan Holdings Inc. has a 52 week low of $44.37 and a 52 week high of $58.14. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $4.95 billion, a PE ratio of 16.46, a P/E/G ratio of 1.16 and a beta of 0.69. The company's fifty day simple moving average is $51.72 and its 200 day simple moving average is $52.09.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (EPS) 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 business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business posted $0.88 earnings per share. Silgan'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. As a group, analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Dividend Announcement

The firm also recently declared 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. This represents a $0.80 dividend on an annualized basis 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 currently 28.47%.

Insider Activity

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of Silgan stock in a transaction on Friday, August 22nd. The stock was 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 of the company's stock, valued at $6,649,052.60. The trade was a 7.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.13% of the company's stock.

Silgan 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.