Vanguard Group Inc. Sells 74,862 Shares of Silgan Holdings Inc. $SLGN

Key Points

• Vanguard Group Inc. has reduced its stake in Silgan Holdings Inc. by 0.8%, selling 74,862 shares, and now owns 8.28% of the company, valued at approximately $452.75 million.
• Several institutional investors, including Millennium Management LLC and T. Rowe Price, have significantly increased their positions in Silgan, highlighting strong institutional interest in the stock.
• Analysts have issued a range of price targets for Silgan shares, with a consensus rating of "Moderate Buy" and an average price target of $62.44, reflecting optimism for the company’s growth potential.

Vanguard Group Inc. trimmed its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,856,664 shares of the industrial products company's stock after selling 74,862 shares during the quarter. Vanguard Group Inc. owned about 8.28% of Silgan worth $452,753,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in Silgan by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,062,013 shares of the industrial products company's stock worth $159,377,000 after acquiring an additional 11,836 shares during the period. Allspring Global Investments Holdings LLC increased its position 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 worth $133,150,000 after acquiring an additional 115,878 shares during the period. Janus Henderson Group PLC increased its position in Silgan by 36.1% during the fourth quarter. Janus Henderson Group PLC now owns 1,515,582 shares of the industrial products company's stock worth $78,885,000 after acquiring an additional 401,890 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Silgan by 87.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,253,727 shares of the industrial products company's stock worth $65,257,000 after acquiring an additional 584,840 shares during the period. Finally, Millennium Management LLC increased its position in Silgan by 764.7% during the fourth quarter. Millennium Management LLC now owns 1,012,644 shares of the industrial products company's stock worth $52,708,000 after acquiring an additional 895,528 shares during the period. 70.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SLGN. Raymond James Financial reduced their price objective on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a research note on Thursday, July 31st. Wells Fargo & Company increased their price objective on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Bank of America reiterated a "neutral" rating and set a $59.00 price objective (up from $57.00) on shares of Silgan in a research note on Wednesday, July 9th. JPMorgan Chase & Co. upgraded shares of Silgan from a "neutral" rating to an "overweight" rating and set a $57.00 price objective on the stock in a research note on Thursday, May 1st. Finally, Citigroup increased their price objective on shares of Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $62.44.

Silgan Price Performance

Shares of SLGN traded up $0.6680 during mid-day trading on Wednesday, reaching $46.2780. The company had a trading volume of 1,209,968 shares, compared to its average volume of 1,386,047. The company's 50 day simple moving average is $52.35 and its 200 day simple moving average is $52.33. Silgan Holdings Inc. has a 1-year low of $44.37 and a 1-year high of $58.14. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.14 and a beta of 0.69.

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

Silgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders 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 1.7%. The ex-dividend date is Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is presently 28.47%.

Silgan 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.