Silgan Holdings Inc. $SLGN Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Silgan Holdings Inc. by 11.3%, acquiring an additional 22,750 shares to own 223,520 shares valued at approximately $11.4 million.
• Several institutional investors significantly increased their holdings in Silgan, with Millennium Management LLC expanding its position by 764.7% during the fourth quarter.
• Silgan Holdings recently declared a quarterly dividend of $0.20 per share, resulting in an annualized dividend of $0.80 and a yield of 1.7%.

Russell Investments Group Ltd. grew its holdings in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 11.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 223,520 shares of the industrial products company's stock after acquiring an additional 22,750 shares during the period. Russell Investments Group Ltd. owned about 0.21% of Silgan worth $11,426,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Silgan in the 1st quarter valued at $51,000. M&T Bank Corp increased its stake in Silgan by 6.9% during the 1st quarter. M&T Bank Corp now owns 18,135 shares of the industrial products company's stock worth $927,000 after buying an additional 1,165 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Silgan by 13.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,903 shares of the industrial products company's stock worth $353,000 after buying an additional 815 shares during the period. Janney Montgomery Scott LLC increased its stake in Silgan by 1.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 49,933 shares of the industrial products company's stock worth $2,553,000 after buying an additional 695 shares during the period. Finally, CX Institutional purchased a new stake in Silgan during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

Silgan Stock Performance

Shares of NYSE SLGN traded down $0.13 during mid-day trading on Thursday, hitting $46.19. The company had a trading volume of 312,163 shares, compared to its average volume of 800,392. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.14 and a beta of 0.69. Silgan Holdings Inc. has a 12 month low of $44.37 and a 12 month high of $58.14. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.56. The firm's 50 day simple moving average is $52.35 and its two-hundred day simple moving average is $52.33.

Silgan (NYSE:SLGN - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%.The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the business 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. As a group, equities research analysts forecast 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. Shareholders 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 yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Silgan's payout ratio is presently 28.47%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Bank of America reissued a "neutral" rating and set a $59.00 price objective (up from $57.00) on shares of Silgan in a report on Wednesday, July 9th. Raymond James Financial decreased their price objective on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. raised shares of Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price objective for the company in a report on Thursday, May 1st. Citigroup raised their price objective on shares of Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $62.44.

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.