Vaughan Nelson Investment Management L.P. Buys New Stake in Silgan Holdings Inc. $SLGN

Key Points

• Vaughan Nelson Investment Management L.P. has acquired a new stake in Silgan Holdings Inc., purchasing 1,131,470 shares valued at approximately $61.3 million, representing 1.06% of the company.
• Key analysts have mixed ratings for Silgan, with Bank of America upgrading the stock to a "buy" and raising its price target from $53.00 to $57.00, while others adjusted targets downward.
• Silgan recently declared a quarterly dividend of $0.20 per share, with an annualized yield of 1.9% and a dividend payout ratio of 28.47%.

Vaughan Nelson Investment Management L.P. bought a new stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,131,470 shares of the industrial products company's stock, valued at approximately $61,303,000. Vaughan Nelson Investment Management L.P. owned 1.06% of Silgan as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its stake in Silgan by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 50,156 shares of the industrial products company's stock valued at $2,717,000 after acquiring an additional 223 shares during the period. Fort Washington Investment Advisors Inc. OH grew its stake in Silgan by 11.8% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 493,654 shares of the industrial products company's stock worth $26,746,000 after buying an additional 52,294 shares during the last quarter. Ausbil Investment Management Ltd grew its stake in Silgan by 14.8% during the second quarter. Ausbil Investment Management Ltd now owns 22,596 shares of the industrial products company's stock worth $1,224,000 after buying an additional 2,907 shares during the last quarter. CX Institutional grew its stake in Silgan by 26.2% during the second quarter. CX Institutional now owns 1,044 shares of the industrial products company's stock worth $57,000 after buying an additional 217 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Silgan by 3.6% during the second quarter. Public Employees Retirement System of Ohio now owns 113,939 shares of the industrial products company's stock worth $6,173,000 after buying an additional 3,947 shares during the last quarter. Institutional investors own 70.25% of the company's stock.

Insider Transactions at Silgan

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the firm's stock in a transaction that occurred 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 approximately $6,649,052.60. This trade represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.13% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on SLGN shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Silgan in a research note on Saturday, September 27th. 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 research note on Friday, July 18th. Raymond James Financial decreased 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. Royal Bank Of Canada decreased their price objective on shares of Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Finally, Bank of America upgraded shares of Silgan from a "neutral" rating to a "buy" rating and upped their target price for the stock from $53.00 to $57.00 in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $62.22.

Silgan Price Performance

SLGN opened at $42.74 on Friday. Silgan Holdings Inc. has a one year low of $41.29 and a one year high of $58.14. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.56. The company's 50 day simple moving average is $45.41 and its 200-day simple moving average is $50.42. The stock has a market capitalization of $4.57 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 1.11 and a beta of 0.69.

Silgan (NYSE:SLGN - Get Free Report) last released its quarterly 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). Silgan had a net margin of 4.90% and a return on equity of 19.98%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the company earned $0.88 earnings per share. Silgan's revenue for the quarter was up 11.4% compared to the same quarter last year. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. Sell-side analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Silgan's dividend payout ratio (DPR) 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.

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