UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stake in Silgan Holdings Inc. $SLGN

Key Points

• UBS Asset Management reduced its Silgan Holdings stake by 14.2% in the second quarter, selling 26,960 shares and retaining 163,212 shares valued at approximately $7.6 million. Institutional investors collectively own 70.25% of the company.
• Analysts remain generally positive on Silgan, with a consensus “Moderate Buy” rating and an average price target of $54.00; recent targets range from $47 to $59.
• Silgan beat quarterly earnings expectations with $0.98 EPS and $1.64 billion in revenue, while revenue rose 6.8% year over year. The company also declared a quarterly dividend of $0.21 per share, representing a 2.0% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 163,212 shares of the industrial products company's stock after selling 26,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of Silgan worth $7,571,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. purchased a new position in Silgan in the second quarter worth about $28,000. Allworth Financial LP purchased a new stake in shares of Silgan during the 2nd quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its stake 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 purchasing an additional 707 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of Silgan in the 3rd quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Silgan by 627.2% in the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company's stock worth $36,000 after buying an additional 577 shares during the last quarter. Institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SLGN. Raymond James Financial reaffirmed an "outperform" rating and set a $59.00 target price on shares of Silgan in a report on Wednesday, July 15th. Royal Bank Of Canada upgraded shares of Silgan from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $51.00 to $58.00 in a research note on Thursday, August 13th. UBS Group set a $47.00 price objective on shares of Silgan and gave the company a "neutral" rating in a research report on Thursday, July 30th. BMO Capital Markets started coverage on Silgan in a report on Thursday, July 16th. They issued an "outperform" rating and a $57.00 target price on the stock. Finally, Weiss Ratings upgraded Silgan from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Silgan currently has a consensus rating of "Moderate Buy" and an average target price of $54.00.

Silgan Stock Performance

SLGN opened at $41.23 on Tuesday. The firm has a market cap of $4.36 billion, a P/E ratio of 16.17, a PEG ratio of 2.40 and a beta of 0.68. Silgan Holdings Inc. has a 1-year low of $35.68 and a 1-year high of $49.55. The company has a 50 day simple moving average of $43.43 and a two-hundred day simple moving average of $41.87. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.27 and a quick ratio of 0.80.

Silgan (NYSE:SLGN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm earned $1.01 EPS. The company's revenue was up 6.8% on a year-over-year basis. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. Equities analysts forecast that Silgan Holdings Inc. will post 3.82 earnings per share for the current fiscal year.

Silgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. Silgan's dividend payout ratio (DPR) is currently 32.94%.

About Silgan

Silgan Holdings Inc NYSE: SLGN is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company's core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.

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