QRG Capital Management Inc. Has $2.05 Million Holdings in Silgan Holdings Inc. $SLGN

Key Points

• QRG Capital Management Inc. increased its stake in Silgan Holdings Inc. by 18.4% in Q2, bringing their holdings to 37,752 shares valued at approximately $2.05 million.
• Institutional investors and hedge funds collectively own 70.25% of Silgan's stock, indicating strong institutional support for the company.
• Silgan reported quarterly earnings of $1.01 per share, missing the consensus estimate of $1.03, while revenue increased by 11.4% compared to the same quarter last year.

QRG Capital Management Inc. lifted its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 18.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,752 shares of the industrial products company's stock after buying an additional 5,864 shares during the quarter. QRG Capital Management Inc.'s holdings in Silgan were worth $2,045,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SLGN. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Silgan in the 2nd quarter valued at about $61,303,000. Wellington Management Group LLP increased its position in Silgan by 18.5% during the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company's stock worth $146,657,000 after buying an additional 448,828 shares during the last quarter. Nuveen LLC acquired a new position in Silgan during the first quarter worth approximately $15,638,000. Dimensional Fund Advisors LP increased its position in Silgan by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,312,590 shares of the industrial products company's stock worth $169,334,000 after buying an additional 250,577 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Silgan during the 1st quarter worth approximately $9,892,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SLGN shares. 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. Weiss Ratings reissued a "hold (c)" rating on shares of Silgan in a research report on Saturday, September 27th. Wells Fargo & Company upped their price target on shares of Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Royal Bank Of Canada decreased their price target 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. Finally, Truist Financial boosted their price objective on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $62.22.

Insider Activity

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of Silgan stock in a transaction that occurred on Friday, August 22nd. The stock was 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 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 can be accessed through this hyperlink. 1.13% of the stock is owned by corporate insiders.

Silgan Stock Up 0.6%

Silgan stock opened at $43.02 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. Silgan Holdings Inc. has a 52-week low of $41.29 and a 52-week high of $58.14. The firm has a 50 day moving average price of $44.90 and a two-hundred day moving average price of $50.33. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.11 and a beta of 0.69.

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 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 firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the company earned $0.88 earnings per share. The company'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. Equities analysts predict that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Silgan's payout ratio is currently 28.47%.

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.

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