Strs Ohio Acquires Shares of 48,291 Silgan Holdings Inc. $SLGN

Key Points

• Strs Ohio acquired 48,291 shares of Silgan Holdings Inc. valued at approximately $2,469,000 in the first quarter, as disclosed in their recent 13F filing.
• Several major investors, including Nomura Holdings and Man Group plc, have increased their stakes in Silgan Holdings during the fourth quarter, indicating strong institutional interest.
• Silgan's recent earnings report showed a net margin of 4.90% and revenue growth of 11.4% compared to the same quarter last year, though they missed earnings estimates slightly.

Strs Ohio purchased a new position in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,291 shares of the industrial products company's stock, valued at approximately $2,469,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in 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 buying an additional 120,844 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 valued at $169,334,000 after purchasing an additional 250,577 shares in the last quarter. Wellington Management Group LLP lifted its holdings in 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 valued at $146,657,000 after purchasing an additional 448,828 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in 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 valued at $133,150,000 after purchasing an additional 115,878 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Silgan by 9.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,006,808 shares of the industrial products company's stock valued at $51,468,000 after purchasing an additional 85,157 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Truist Financial increased their price objective on shares of Silgan from $62.00 to $67.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wells Fargo & Company increased their target price on shares of Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Raymond James Financial cut their price objective on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada lowered their target price on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Finally, Bank of America raised shares of Silgan from a "neutral" rating to a "buy" rating and increased their target price for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat, Silgan currently has an average rating of "Buy" and a consensus target price of $62.22.

Insider Activity at Silgan

In other news, EVP Robert B. Lewis sold 11,000 shares of Silgan 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 transaction, the executive vice president directly owned 142,378 shares of the company's stock, valued at $6,649,052.60. The trade was a 7.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.13% of the stock is owned by insiders.

Silgan Stock Down 0.8%

SLGN stock traded down $0.33 during midday trading on Friday, reaching $42.82. 2,407,935 shares of the company were exchanged, compared to its average volume of 990,062. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. Silgan Holdings Inc. has a 1-year low of $42.79 and a 1-year high of $58.14. The stock's 50-day simple moving average is $47.96 and its 200 day simple moving average is $50.98. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 1.12 and a beta of 0.71.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%.The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. 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 analysts forecast that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 2nd. Silgan's payout ratio is presently 28.47%.

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.