Skylands Capital LLC Buys 40,250 Shares of Silgan Holdings Inc. $SLGN

Key Points

• Skylands Capital nearly doubled its Silgan Holdings stake in the third quarter, purchasing 40,250 additional shares to own 81,500 shares valued at approximately $2.83 million. Institutional investors collectively hold 70.25% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $50.40, compared with the stock’s reported opening price of $38.92.
• Silgan reported quarterly revenue of $1.64 billion and earnings per share of $0.98, slightly exceeding analyst expectations. The company also pays a quarterly dividend of $0.21, representing a 2.2% annualized yield.

Skylands Capital LLC increased its stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 97.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,500 shares of the industrial products company's stock after buying an additional 40,250 shares during the quarter. Skylands Capital LLC owned about 0.08% of Silgan worth $2,832,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP purchased a new position in Silgan during the second quarter worth $28,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Silgan in the second quarter valued at $28,000. Parkside Financial Bank & Trust raised its stake in shares of Silgan by 105.6% in the second quarter. Parkside Financial Bank & Trust now owns 627 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 322 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Silgan in the second quarter valued at $33,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Silgan by 2,525.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company's stock worth $30,000 after acquiring an additional 707 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SLGN has been the subject of a number of recent analyst reports. Truist Financial set a $45.00 price target on shares of Silgan and gave the stock a "buy" rating in a research note on Monday, October 12th. Citigroup reduced their price objective on shares of Silgan from $54.00 to $49.00 and set a "buy" rating on the stock in a research report on Friday, October 2nd. Royal Bank Of Canada set a $47.00 price objective on shares of Silgan and gave the stock an "outperform" rating in a research note on Tuesday, October 13th. Wells Fargo & Company reissued an "overweight" rating and issued a $52.00 price objective (down from $56.00) on shares of Silgan in a research note on Monday. Finally, Bank of America boosted their target price on Silgan from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $50.40.

Silgan Stock Performance

Shares of Silgan stock opened at $38.92 on Thursday. The stock's fifty day moving average is $38.68 and its two-hundred day moving average is $40.46. The company has a market capitalization of $4.11 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 2.57 and a beta of 0.67. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 1.54. Silgan Holdings Inc. has a 52 week low of $33.70 and a 52 week high of $49.55.

Silgan (NYSE:SLGN - Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.02. Silgan had a return on equity of 16.74% and a net margin of 4.05%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The business's revenue was up 6.8% compared to the same quarter last year. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. As a group, analysts expect that Silgan Holdings Inc. will post 3.82 earnings per share for the current year.

Silgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Silgan's dividend payout ratio (DPR) is currently 32.94%.

Silgan Profile

Silgan Holdings Inc NYSE: SLGN is a manufacturer of rigid packaging products used by consumer goods companies. The company produces metal containers, plastic containers and specialty closures for food, beverage, personal care, household, healthcare, industrial and other products.

Silgan's metal packaging business supplies cans and containers for food, pet food, paint, chemicals, aerosols and other applications. Its plastic packaging operations manufacture bottles, tubs and other containers, while its closures business produces metal and plastic caps, lids and dispensing systems for a range of consumer and industrial products.

Founded in 1987, Silgan serves customers primarily across North America and Europe through a network of manufacturing facilities.

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