Silgan Holdings Inc. $SLGN Shares Sold by Dynamic Technology Lab Private Ltd

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 lessened its stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 52.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,225 shares of the industrial products company's stock after selling 6,788 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Silgan were worth $318,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SLGN. Brooklyn Investment Group raised its stake in shares of 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 purchasing an additional 747 shares in the last quarter. CX Institutional acquired a new stake in shares of Silgan in the 1st quarter valued at about $42,000. UMB Bank n.a. raised its stake in shares of 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Silgan in the 1st quarter valued at about $51,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Silgan in the 1st quarter valued at about $54,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. 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. Bank of America upgraded shares of Silgan from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th. Truist Financial increased their price objective on shares of Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Royal Bank Of Canada dropped their price objective on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Finally, Wells Fargo & Company increased their price objective on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. One equities 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.com, the stock currently has an average rating of "Buy" and a consensus price target of $62.22.

Insider Buying and Selling at Silgan

In other news, EVP Robert B. Lewis sold 11,000 shares of the company's 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 of the company's stock, valued at approximately $6,649,052.60. This represents a 7.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.13% of the company's stock.

Silgan Price Performance

NYSE SLGN opened at $44.01 on Friday. Silgan Holdings Inc. has a 52 week low of $43.76 and a 52 week high of $58.14. 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 stock has a market cap of $4.71 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 1.16 and a beta of 0.71. The company has a 50-day moving average price of $49.22 and a two-hundred day moving average price of $51.33.

Silgan (NYSE:SLGN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing the consensus estimate 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 last year, the company posted $0.88 EPS. 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. Analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a $0.20 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.8%. Silgan's dividend payout ratio is 28.47%.

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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