24,600 Shares in Silgan Holdings Inc. $SLGN Bought by Zurich Insurance Group Ltd FI

Key Points

• Zurich Insurance Group Ltd FI made a new investment in Silgan Holdings Inc., acquiring 24,600 shares valued at approximately $1.26 million during the first quarter.
• Silgan's most recent earnings report showed earnings per share of $1.01, which was below the consensus estimate of $1.03, despite a revenue increase of 11.4% year-over-year.
• The company is set to pay a quarterly dividend of $0.20 on September 16, representing an annual yield of 1.8%.

Zurich Insurance Group Ltd FI bought a new stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,600 shares of the industrial products company's stock, valued at approximately $1,258,000.

Several other large investors have also recently added to or reduced their stakes in the business. State of Michigan Retirement System increased its position in Silgan by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company's stock valued at $992,000 after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Silgan by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company's stock valued at $1,160,000 after purchasing an additional 200 shares during the period. Central Pacific Bank Trust Division increased its position in shares of Silgan by 5.9% during the 1st quarter. Central Pacific Bank Trust Division now owns 3,760 shares of the industrial products company's stock valued at $192,000 after purchasing an additional 210 shares during the period. Aristeia Capital L.L.C. increased its position in shares of Silgan by 4.5% during the 1st quarter. Aristeia Capital L.L.C. now owns 5,733 shares of the industrial products company's stock valued at $293,000 after purchasing an additional 245 shares during the period. Finally, Independent Advisor Alliance increased its position in shares of Silgan by 0.8% during the 1st quarter. Independent Advisor Alliance now owns 32,330 shares of the industrial products company's stock valued at $1,653,000 after purchasing an additional 266 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Raymond James Financial lowered their price target on Silgan from $64.00 to $60.00 and set a "strong-buy" rating on the stock in a research report on Thursday, July 31st. Bank of America upgraded Silgan from a "neutral" rating to a "buy" rating and lifted their price target for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. Wells Fargo & Company lifted their price target on Silgan from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Royal Bank Of Canada lowered their price target on Silgan from $64.00 to $57.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Finally, Truist Financial raised their price objective on Silgan from $62.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $62.22.

Silgan Price Performance

Shares of SLGN traded down $0.51 during trading hours on Friday, hitting $44.01. 1,314,512 shares of the company were exchanged, compared to its average volume of 963,681. The company has a market capitalization of $4.71 billion, a PE ratio of 15.66, a PEG ratio of 1.16 and a beta of 0.71. 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 firm has a fifty day simple moving average of $49.22 and a 200-day simple moving average of $51.33. Silgan Holdings Inc. has a one year low of $43.76 and a one year high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last issued 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 business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%.The business's quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. 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, sell-side analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Silgan's dividend payout ratio (DPR) is 28.47%.

Insider Activity at Silgan

In other news, EVP Robert B. Lewis sold 11,000 shares of the firm's stock in a transaction 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 sale, the executive vice president owned 142,378 shares of the company's stock, valued at $6,649,052.60. This trade represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.13% of the stock is currently owned by company insiders.

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.