Synovus Financial Corp Has $1.59 Million Position in Silgan Holdings Inc. $SLGN

Key Points

• Synovus Financial Corp increased its stake in Silgan Holdings Inc. by 36.8%, acquiring an additional 8,354 shares during the first quarter, totaling approximately $1.59 million in holdings.
• Silgan reported $1.01 EPS for the most recent quarter, slightly missing expectations, while revenues reached $1.54 billion, indicating a year-over-year increase of 11.4%.
• The company announced a quarterly dividend of $0.20 per share, with a dividend yield of 1.7% and a payout ratio of 28.47%.

Synovus Financial Corp lifted its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 36.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,075 shares of the industrial products company's stock after acquiring an additional 8,354 shares during the quarter. Synovus Financial Corp's holdings in Silgan were worth $1,589,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group boosted its stake in shares of Silgan by 4,394.1% during the 1st quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company's stock worth $39,000 after acquiring an additional 747 shares during the period. CX Institutional bought a new stake in Silgan in the 1st quarter valued at $42,000. UMB Bank n.a. boosted 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 valued at $46,000 after purchasing an additional 645 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Silgan in the 1st quarter valued at $51,000. Finally, Continuum Advisory LLC boosted its stake in Silgan by 2,754.3% in the 1st 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 during the period. 70.25% of the stock is currently owned by institutional investors.

Insider Activity at Silgan

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 142,378 shares of the company's stock, valued at $6,649,052.60. This represents a 7.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.13% of the company's stock.

Silgan Price Performance

Shares of Silgan stock traded up $0.08 during trading on Friday, reaching $46.88. 972,405 shares of the company's stock were exchanged, compared to its average volume of 1,062,956. 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 1-year low of $44.37 and a 1-year high of $58.14. The company has a market cap of $5.02 billion, a P/E ratio of 16.68, a PEG ratio of 1.17 and a beta of 0.69. The firm's 50-day moving average price is $51.30 and its 200 day moving average price is $51.97.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 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 business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the firm posted $0.88 EPS. Silgan's quarterly 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. As a group, research analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

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 issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. Silgan's payout ratio is 28.47%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial boosted their price target on Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Raymond James Financial reduced their price target on Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research note on Thursday, July 31st. Citigroup boosted their price target on Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upgraded Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 target price for the company in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada cut their target price on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. One equities research 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, Silgan currently has an average rating of "Buy" and a consensus target price of $62.22.

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.