Silgan Holdings Inc. $SLGN Shares Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp reduced its stake in Silgan Holdings Inc. by 11.3%, selling 209,368 shares, leaving it with approximately 1.54% of the company worth $89.23 million.
• Silgan's recent earnings report showed $1.01 earnings per share, slightly missing analysts' expectations, but revenue grew by 11.4% year-over-year to $1.54 billion.
• The company declared a quarterly dividend of $0.20, reflecting an annualized yield of 1.9%, with a payout ratio of 28.47%.

Boston Trust Walden Corp lowered its stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 11.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,646,933 shares of the industrial products company's stock after selling 209,368 shares during the quarter. Boston Trust Walden Corp owned approximately 1.54% of Silgan worth $89,231,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its holdings in Silgan by 4,394.1% during the first quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company's stock worth $39,000 after purchasing an additional 747 shares in the last quarter. CX Institutional acquired a new stake in Silgan during the first quarter worth approximately $42,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Silgan during the first quarter worth approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Silgan during the first quarter worth approximately $54,000. Finally, Continuum Advisory LLC raised its holdings in Silgan by 2,754.3% during the first quarter. Continuum Advisory LLC now owns 1,313 shares of the industrial products company's stock worth $67,000 after purchasing an additional 1,267 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Silgan Stock Performance

Shares of Silgan stock opened at $42.11 on Tuesday. The firm's fifty day simple moving average is $44.60 and its 200-day simple moving average is $50.10. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.30 and a beta of 0.69. Silgan Holdings Inc. has a 12 month low of $41.29 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.

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 analysts' consensus estimates of $1.03 by ($0.02). The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share. 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 analysts forecast that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SLGN shares. Raymond James Financial cut their price objective on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a report on Thursday, July 31st. Royal Bank Of Canada cut their price objective on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Wells Fargo & Company lifted their target price on shares of Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Bank of America raised shares of Silgan from a "neutral" rating to a "buy" rating and lifted their target price for the company from $53.00 to $57.00 in a report on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Silgan in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Silgan currently has an average rating of "Buy" and a consensus target price of $61.67.

Insider Transactions at Silgan

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 142,378 shares of the company's stock, valued at approximately $6,649,052.60. The trade was a 7.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.13% of the company's stock.

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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