Vanguard Group Inc. Has $452.75 Million Stock Holdings in 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 Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,856,664 shares of the industrial products company's stock after selling 74,862 shares during the period. Vanguard Group Inc. owned 8.28% of Silgan worth $452,753,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Silgan during the 1st quarter worth $51,000. M&T Bank Corp boosted its holdings in shares of Silgan by 6.9% during the 1st quarter. M&T Bank Corp now owns 18,135 shares of the industrial products company's stock worth $927,000 after buying an additional 1,165 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Silgan by 13.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,903 shares of the industrial products company's stock worth $353,000 after buying an additional 815 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Silgan by 1.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 49,933 shares of the industrial products company's stock worth $2,553,000 after buying an additional 695 shares during the period. Finally, CX Institutional bought a new stake in shares of Silgan during the 1st quarter worth $42,000. 70.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SLGN has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Citigroup upped their price objective on shares of Silgan from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Truist Financial upped their price objective on shares of Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Bank of America reaffirmed a "neutral" rating and set a $59.00 price objective (up from $57.00) on shares of Silgan in a report on Wednesday, July 9th. Finally, Raymond James Financial decreased their price objective on shares of Silgan from $64.00 to $60.00 and set a "strong-buy" rating for the company in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Silgan has a consensus rating of "Buy" and an average price target of $62.44.

Silgan Stock Performance

NYSE:SLGN traded up $0.0290 during trading hours on Wednesday, hitting $45.6390. 101,417 shares of the company traded hands, compared to its average volume of 796,440. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 1.14 and a beta of 0.69. Silgan Holdings Inc. has a twelve month low of $44.37 and a twelve month high of $58.14. The firm has a 50-day moving average of $52.51 and a 200 day moving average of $52.37. 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 released its earnings results on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing the consensus estimate 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 net margin of 4.90% and a return on equity of 19.98%. Silgan's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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, analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Announces Dividend

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

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.