Perbak Capital Partners LLP Invests $633,000 in Silgan Holdings Inc. $SLGN

Key Points

• Perbak Capital Partners LLP has acquired a new position in Silgan Holdings Inc., purchasing 12,379 shares valued at approximately $633,000.
• Analysts have varying price targets for Silgan, with Bank of America raising its target to $57.00 while others have adjusted theirs down, indicating mixed expectations for the stock's performance.
• Silgan recently announced a quarterly dividend of $0.20 per share, which offers an annualized yield of 1.7%, with the ex-dividend date set for September 2nd.

Perbak Capital Partners LLP purchased a new position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,379 shares of the industrial products company's stock, valued at approximately $633,000.

Several other institutional investors also recently bought and sold shares of SLGN. Brooklyn Investment Group lifted its holdings in Silgan by 4,394.1% during the first quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company's stock worth $39,000 after buying an additional 747 shares during the period. CX Institutional bought a new position in shares of Silgan in the 1st quarter worth $42,000. UMB Bank n.a. lifted its stake in shares of Silgan by 254.9% during the 1st 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Silgan during the first quarter valued at about $51,000. Finally, Continuum Advisory LLC grew its stake 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 valued at $67,000 after purchasing an additional 1,267 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on SLGN shares. Royal Bank Of Canada reduced their price objective on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Raymond James Financial cut their price target 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. Bank of America upgraded Silgan from a "neutral" rating to a "buy" rating and increased their price objective for the company from $53.00 to $57.00 in a report on Thursday, August 28th. Wells Fargo & Company boosted their target price on Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, Truist Financial upped their target price on Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to MarketBeat, Silgan presently has a consensus rating of "Buy" and a consensus target price of $62.22.

Insider Transactions at Silgan

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 1.13% of the company's stock.

Silgan Stock Performance

Shares of NYSE SLGN traded up $0.35 during mid-day trading on Friday, hitting $45.20. The stock had a trading volume of 943,313 shares, compared to its average volume of 982,398. The firm has a market cap of $4.84 billion, a PE ratio of 16.09, a PEG ratio of 1.17 and a beta of 0.71. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. The company has a 50 day moving average of $50.38 and a two-hundred day moving average of $51.65. Silgan Holdings Inc. has a twelve month low of $44.36 and a twelve month high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.02). The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%.The business's revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. Research analysts predict that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal 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 issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, September 2nd. Silgan's dividend payout ratio is 28.47%.

About Silgan

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.