Silgan Holdings Inc. $SLGN Shares Sold by T. Rowe Price Investment Management Inc.

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

Several other large investors have also made changes to their positions in SLGN. JPMorgan Chase & Co. increased its position in shares of Silgan by 2.1% during the first quarter. JPMorgan Chase & Co. now owns 5,916,625 shares of the industrial products company's stock worth $302,458,000 after purchasing an additional 120,844 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 250,577 shares in the last quarter. Wellington Management Group LLP increased its position 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. Allspring Global Investments Holdings LLC increased its position in shares of Silgan by 4.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,595,520 shares of the industrial products company's stock worth $133,150,000 after purchasing an additional 115,878 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Silgan by 36.1% during the fourth 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. 70.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SLGN has been the subject of several research reports. JPMorgan Chase & Co. upgraded Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price target for the company in a research report on Thursday, May 1st. Bank of America reiterated a "neutral" rating and set a $59.00 price target (up from $57.00) on shares of Silgan in a research report on Wednesday, July 9th. Raymond James Financial dropped their price target on Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research report on Thursday, July 31st. Wells Fargo & Company boosted their price target on Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Citigroup boosted their price target on Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $62.44.

Silgan Stock Up 2.0%

Shares of NYSE:SLGN opened at $47.1910 on Friday. 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 business has a fifty day moving average of $52.03 and a two-hundred day moving average of $52.22. The stock has a market cap of $5.05 billion, a P/E ratio of 16.79, a PEG ratio of 1.16 and a beta of 0.69. Silgan Holdings Inc. has a 52-week low of $44.37 and a 52-week high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.02). The company 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 firm's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, research analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current 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 is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. Silgan's dividend payout ratio is currently 28.47%.

Insider Buying and Selling at Silgan

In other news, EVP Robert B. Lewis sold 11,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total transaction of $513,700.00. Following the completion of the transaction, the executive vice president directly owned 142,378 shares in the company, valued at approximately $6,649,052.60. This represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.13% of the company's stock.

About Silgan

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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