Russell Investments Group Ltd. Increases Stock Position in Silgan Holdings Inc. $SLGN

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. lifted its holdings in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 11.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 approximately 0.21% of Silgan worth $11,426,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Independent Advisor Alliance grew its stake in shares of Silgan by 0.8% in the first quarter. Independent Advisor Alliance now owns 32,330 shares of the industrial products company's stock valued at $1,653,000 after acquiring an additional 266 shares in the last quarter. Nuveen LLC bought a new stake in Silgan during the first quarter worth about $15,638,000. Virtu Financial LLC bought a new stake in Silgan during the first quarter worth about $229,000. JPMorgan Chase & Co. lifted its position in Silgan by 2.1% during the first quarter. JPMorgan Chase & Co. now owns 5,916,625 shares of the industrial products company's stock worth $302,458,000 after purchasing an additional 120,844 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its position in Silgan by 1.1% during the first quarter. Ontario Teachers Pension Plan Board now owns 29,931 shares of the industrial products company's stock worth $1,530,000 after purchasing an additional 320 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Silgan Stock Up 2.5%

Shares of SLGN traded up $1.1360 during trading hours on Friday, reaching $47.3860. The stock had a trading volume of 121,832 shares, compared to its average volume of 800,144. Silgan Holdings Inc. has a 12 month low of $44.37 and a 12 month high of $58.14. The firm has a 50-day simple moving average of $52.17 and a 200 day simple moving average of $52.27. 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 company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.16 and a beta of 0.69.

Silgan (NYSE:SLGN - Get Free Report) last issued its 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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. Silgan's revenue for the quarter 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. Equities research analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders 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 is Tuesday, September 2nd. Silgan's payout ratio is presently 28.47%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SLGN shares. Wells Fargo & Company upped their price objective on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. 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 research report on Thursday, May 1st. Bank of America reaffirmed a "neutral" rating and set a $59.00 price objective (up previously from $57.00) on shares of Silgan in a research report on Wednesday, July 9th. Raymond James Financial cut their price objective on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research report on Thursday, July 31st. Finally, Truist Financial upped their price objective on shares of Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $62.44.

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.