Wellington Management Group LLP Acquires 448,828 Shares of Silgan Holdings Inc. $SLGN

Key Points

• Wellington Management Group LLP increased its stake in Silgan Holdings Inc. by 18.5%, owning approximately 2.68% of the company, amounting to about $146.7 million after acquiring an additional 448,828 shares.
• Several institutional investors, including Millennium Management LLC and T. Rowe Price, significantly boosted their investments in Silgan during the prior quarter, indicating growing confidence in the company.
• Analysts have upgraded their ratings for Silgan, with target prices rising to as high as $67.00, reflecting a positive outlook for the stock and an average target price of $62.44.

Wellington Management Group LLP boosted its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 18.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,868,870 shares of the industrial products company's stock after acquiring an additional 448,828 shares during the quarter. Wellington Management Group LLP owned approximately 2.68% of Silgan worth $146,657,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SLGN. Barclays PLC raised its holdings in shares of Silgan by 45.7% during the 4th quarter. Barclays PLC now owns 83,521 shares of the industrial products company's stock valued at $4,348,000 after purchasing an additional 26,194 shares in the last quarter. Marshall Wace LLP raised its holdings in Silgan by 36.2% during the fourth quarter. Marshall Wace LLP now owns 18,730 shares of the industrial products company's stock valued at $975,000 after buying an additional 4,977 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Silgan by 4.1% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 59,832 shares of the industrial products company's stock worth $3,112,000 after buying an additional 2,350 shares during the last quarter. GeoWealth Management LLC acquired a new stake in shares of Silgan in the fourth quarter worth about $56,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Silgan by 0.4% during the 4th 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 in the last quarter. 70.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SLGN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised 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. Truist Financial boosted their price objective on shares of Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research note 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. Wells Fargo & Company lifted their target price on shares of Silgan from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Raymond James Financial cut their target price 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Silgan has an average rating of "Buy" and a consensus target price of $62.44.

Silgan Stock Performance

Shares of Silgan stock traded down $0.11 during midday trading on Tuesday, hitting $46.26. The company had a trading volume of 1,038,543 shares, compared to its average volume of 1,453,961. Silgan Holdings Inc. has a 1-year low of $44.37 and a 1-year high of $58.14. The business's 50 day simple moving average is $51.72 and its two-hundred day simple moving average is $52.09. The stock has a market cap of $4.95 billion, a PE ratio of 16.46, a P/E/G ratio of 1.16 and a beta of 0.69. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.56.

Silgan (NYSE:SLGN - Get Free Report) last issued 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 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% 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. As a group, equities analysts predict that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 2nd. Silgan's payout ratio is currently 28.47%.

Insider Buying and Selling

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total value of $513,700.00. Following the completion of the transaction, the executive vice president owned 142,378 shares of the company's stock, valued at $6,649,052.60. This represents a 7.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.13% of the stock is currently owned by company insiders.

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.