Silgan Holdings Inc. $SLGN Stock Position Lifted by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd increased its holdings in Silgan Holdings Inc. by 354.0%, acquiring an additional 8,536 shares and raising its total ownership to 10,947 shares, valued at $560,000.
• Silgan recently announced a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 1.8% and a payout ratio of 28.47%.
• Despite a miss on earnings per share with reported earnings of $1.01, the company's revenue grew by 11.4% year-over-year, reaching $1.54 billion.

Bayforest Capital Ltd lifted its holdings in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 354.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,947 shares of the industrial products company's stock after purchasing an additional 8,536 shares during the quarter. Bayforest Capital Ltd's holdings in Silgan were worth $560,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brooklyn Investment Group grew its stake in shares of Silgan by 4,394.1% in 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 bought a new position in Silgan during the first quarter valued at about $42,000. UMB Bank n.a. boosted its stake in Silgan by 254.9% during the first 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. bought a new position in Silgan during the first quarter valued at about $51,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Silgan during the first quarter valued at about $54,000. Institutional investors own 70.25% of the company's stock.

Silgan Stock Performance

Shares of SLGN stock opened at $44.49 on Wednesday. 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 Holdings Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $58.14. The stock's 50-day moving average is $49.97 and its two-hundred day moving average is $51.53. The firm has a market cap of $4.76 billion, a P/E ratio of 15.83, a PEG ratio of 1.16 and a beta of 0.71.

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 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 analyst estimates of $1.53 billion. During the same period in the previous year, the company earned $0.88 earnings per share. The business'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 predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is presently 28.47%.

Insider Buying and Selling at Silgan

In related news, EVP Robert B. Lewis sold 11,000 shares of the firm's stock in a transaction that occurred on 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 trade represents a 7.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.13% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank Of Canada reduced their target price on Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Bank of America raised Silgan from a "neutral" rating to a "buy" rating and upped their target price for the company from $53.00 to $57.00 in a report on Thursday, August 28th. Wells Fargo & Company upped 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. Truist Financial upped their target price on Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Raymond James Financial reduced their price objective on Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, Silgan presently has an average rating of "Buy" and an average price target of $62.22.

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.

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