Silgan Holdings Inc. $SLGN Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Silgan Holdings Inc. by 40.9%, now owning 48,900 shares valued at approximately $2.65 million.
• Several analysts have recently adjusted their price targets for Silgan, with Royal Bank of Canada setting a new target of $57.00 while maintaining an "outperform" rating.
• Silgan announced a quarterly dividend of $0.20, translating to an annualized payout of $0.80 per share and a yield of 1.9%.

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 40.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,900 shares of the industrial products company's stock after purchasing an additional 14,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Silgan were worth $2,649,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Silgan by 21.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,400 shares of the industrial products company's stock worth $476,000 after purchasing an additional 1,497 shares during the period. RDA Financial Network lifted its stake in shares of Silgan by 71.9% in the second quarter. RDA Financial Network now owns 8,124 shares of the industrial products company's stock valued at $440,000 after buying an additional 3,399 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Silgan by 7.2% in the second quarter. Central Pacific Bank Trust Division now owns 4,030 shares of the industrial products company's stock valued at $218,000 after buying an additional 270 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Silgan by 4.4% in the first quarter. Voya Investment Management LLC now owns 12,230 shares of the industrial products company's stock valued at $625,000 after buying an additional 519 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of Silgan by 4.9% in the first quarter. Inspire Investing LLC now owns 8,076 shares of the industrial products company's stock valued at $413,000 after buying an additional 377 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 sale, the executive vice president directly owned 142,378 shares in the company, valued at $6,649,052.60. This trade represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.13% of the company's stock.

Silgan Stock Down 0.8%

Silgan stock traded down $0.33 during mid-day trading on Friday, reaching $42.82. The stock had a trading volume of 2,407,935 shares, compared to its average volume of 990,062. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 1.11 and a beta of 0.71. The company has a 50-day moving average price of $47.96 and a two-hundred day moving average price of $50.98. Silgan Holdings Inc. has a one year low of $42.79 and a one year 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.

Silgan (NYSE:SLGN - Get Free Report) last posted its 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). Silgan had a net margin of 4.90% and a return on equity of 19.98%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company posted $0.88 EPS. Silgan's revenue 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. On average, analysts expect that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.