Bayforest Capital Ltd Has $560,000 Stock Position in Silgan Holdings Inc. $SLGN

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 stake in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 354.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,947 shares of the industrial products company's stock after buying 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.

Several other hedge funds have also modified their holdings of SLGN. Gotham Asset Management LLC raised its holdings in shares of Silgan by 90.5% during the 4th quarter. Gotham Asset Management LLC now owns 51,944 shares of the industrial products company's stock valued at $2,704,000 after buying an additional 24,676 shares during the period. Janus Henderson Group PLC boosted its position in Silgan by 36.1% during the 4th quarter. Janus Henderson Group PLC now owns 1,515,582 shares of the industrial products company's stock valued at $78,885,000 after purchasing an additional 401,890 shares during the period. Millennium Management LLC boosted its position in Silgan by 764.7% during the 4th 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 during the period. Nomura Holdings Inc. acquired a new position in Silgan during the 4th quarter valued at approximately $561,000. Finally, Man Group plc boosted its position in Silgan by 6.5% during the 4th quarter. Man Group plc now owns 127,003 shares of the industrial products company's stock valued at $6,611,000 after purchasing an additional 7,773 shares during the period. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Price Performance

NYSE SLGN traded down $0.53 during trading hours on Monday, reaching $43.45. 198,208 shares of the company's stock were exchanged, compared to its average volume of 819,603. The stock has a market cap of $4.65 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.14 and a beta of 0.71. Silgan Holdings Inc. has a one year low of $43.45 and a one year high of $58.14. The firm has a fifty day moving average of $49.22 and a 200-day moving average of $51.29. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40.

Silgan (NYSE:SLGN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.02). The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $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, equities research analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Dividend Announcement

The company also recently disclosed 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. This represents a $0.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is presently 28.47%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SLGN. 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 report on Thursday, July 31st. Bank of America upgraded Silgan from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. Truist Financial boosted their price target on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. 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, Royal Bank Of Canada dropped their price objective on Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $62.22.

Insider Buying and Selling

In other Silgan 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 value of $513,700.00. Following the transaction, the executive vice president directly owned 142,378 shares in the company, valued at approximately $6,649,052.60. This trade represents a 7.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.