12,379 Shares in Silgan Holdings Inc. $SLGN Acquired by Perbak Capital Partners LLP

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 acquired a new stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,379 shares of the industrial products company's stock, valued at approximately $633,000.

Several other hedge funds have also recently added to or reduced their stakes in SLGN. Brooklyn Investment Group lifted its stake in shares of Silgan by 4,394.1% in 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 in the last quarter. CX Institutional acquired a new stake in Silgan in the 1st quarter valued at about $42,000. UMB Bank n.a. lifted its stake in Silgan by 254.9% in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Silgan during the 1st quarter worth approximately $51,000. Finally, Continuum Advisory LLC grew its position in shares of 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 in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Silgan

In related news, EVP Robert B. Lewis sold 11,000 shares of Silgan stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.13% of the company's stock.

Wall Street Analysts Forecast Growth

SLGN has been the topic of a number of recent research reports. Truist Financial boosted their price objective on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Royal Bank Of Canada reduced their target price on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Raymond James Financial dropped their price target on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company raised their price target on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Bank of America raised shares of Silgan from a "neutral" rating to a "buy" rating and lifted their price target for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat.com, Silgan presently has a consensus rating of "Buy" and an average price target of $62.22.

Silgan Trading Up 0.8%

Shares of SLGN traded up $0.35 during midday trading on Friday, hitting $45.20. 943,313 shares of the stock were exchanged, compared to its average volume of 973,385. Silgan Holdings Inc. has a 52-week low of $44.36 and a 52-week high of $58.14. 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 stock has a fifty day simple moving average of $50.38 and a 200 day simple moving average of $51.69. The firm has a market cap of $4.84 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.17 and a beta of 0.71.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly earnings data 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). Silgan had a net margin of 4.90% and a return on equity of 19.98%. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. Silgan'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, research analysts anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Silgan's dividend payout ratio 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.