Dynamic Technology Lab Private Ltd Trims Stock Position in Silgan Holdings Inc. $SLGN

Key Points

• Dynamic Technology Lab Private Ltd reduced its stake in Silgan Holdings Inc. by 52.2% during the first quarter, resulting in ownership of 6,225 shares worth approximately $318,000.
• Several institutional investors, including Brooklyn Investment Group and UMB Bank, recently increased their holdings in Silgan, contributing to a total institutional ownership of 70.25% of the company's stock.
• Silgan Holdings has announced a quarterly dividend of $0.20 per share, reflecting an annualized yield of 1.8%, with the next payment scheduled for September 16th.

Dynamic Technology Lab Private Ltd decreased its holdings in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 52.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,225 shares of the industrial products company's stock after selling 6,788 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Silgan were worth $318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings in Silgan by 4,394.1% in the 1st quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 747 shares during the last quarter. CX Institutional purchased a new position in shares of Silgan during the first quarter valued at about $42,000. UMB Bank n.a. grew its holdings in Silgan by 254.9% during the 1st quarter. UMB Bank n.a. now owns 898 shares of the industrial products company's stock valued at $46,000 after buying an additional 645 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Silgan during the first quarter valued at $51,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Silgan during the 1st quarter valued at about $54,000. Institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SLGN shares. Raymond James Financial dropped their price target on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company raised their target price 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. Bank of America upgraded Silgan from a "neutral" rating to a "buy" rating and upped their target price for the stock from $53.00 to $57.00 in a report on Thursday, August 28th. Royal Bank Of Canada reduced their target price 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. Finally, 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 report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $62.22.

Insiders Place Their Bets

In other news, EVP Robert B. Lewis sold 11,000 shares of the 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 transaction, the executive vice president directly owned 142,378 shares of the company's stock, valued at approximately $6,649,052.60. This represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.13% of the company's stock.

Silgan Stock Performance

SLGN stock traded down $0.01 during trading on Thursday, reaching $43.19. The company had a trading volume of 875,841 shares, compared to its average volume of 992,900. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.12 and a beta of 0.71. Silgan Holdings Inc. has a twelve month low of $42.89 and a twelve month high of $58.14. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. The firm has a 50-day simple moving average of $48.20 and a 200-day simple moving average of $51.04.

Silgan (NYSE:SLGN - Get Free Report) last posted its quarterly 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 company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the prior year, the business posted $0.88 EPS. The company'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, sell-side analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

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

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.