T. Rowe Price Investment Management Inc. Reduces Holdings in Silgan Holdings Inc. $SLGN

Key Points

• T. Rowe Price Investment Management Inc. reduced its investments in Silgan Holdings by 11.1%, now holding approximately 1.04% of the company.
• Several institutional investors have increased their stakes in Silgan, with JPMorgan Chase & Co. and Wellington Management Group LLP increasing their positions by 2.1% and 18.5% respectively.
• Silgan recently declared a quarterly dividend of $0.20 per share, reflecting an annual yield of 1.7%.

T. Rowe Price Investment Management Inc. lowered its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 11.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,114,825 shares of the industrial products company's stock after selling 138,902 shares during the period. T. Rowe Price Investment Management Inc. owned about 1.04% of Silgan worth $56,990,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SLGN. Millennium Management LLC boosted its stake in shares of Silgan by 764.7% during the fourth quarter. Millennium Management LLC now owns 1,012,644 shares of the industrial products company's stock valued at $52,708,000 after purchasing an additional 895,528 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Silgan by 18.5% during the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company's stock worth $146,657,000 after purchasing an additional 448,828 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Silgan by 36.1% in the 4th quarter. Janus Henderson Group PLC now owns 1,515,582 shares of the industrial products company's stock worth $78,885,000 after purchasing an additional 401,890 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Silgan in the first quarter valued at about $15,638,000. Finally, Dimensional Fund Advisors LP increased its stake in Silgan by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,312,590 shares of the industrial products company's stock worth $169,334,000 after acquiring an additional 250,577 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 sale, the executive vice president owned 142,378 shares of the company's stock, valued at $6,649,052.60. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.13% of the stock is currently owned by insiders.

Silgan Stock Performance

NYSE SLGN traded up $0.36 during midday trading on Thursday, hitting $46.69. The company had a trading volume of 278,050 shares, compared to its average volume of 802,672. The firm has a fifty day simple moving average of $51.58 and a two-hundred day simple moving average of $52.05. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 1.40. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.16 and a beta of 0.69. Silgan Holdings Inc. has a fifty-two week low of $44.37 and a fifty-two week high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Silgan had a net margin of 4.90% and a return on equity of 19.98%. The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior 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. Equities analysts forecast that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

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%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Royal Bank Of Canada dropped their price objective on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Bank of America raised shares of Silgan from a "neutral" rating to a "buy" rating and upped their price objective for the company from $53.00 to $57.00 in a research note on Thursday. Citigroup lifted their price target on shares of Silgan from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company raised their target price on Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to MarketBeat.com, Silgan currently has a consensus rating of "Buy" and a consensus target price of $62.22.

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.