Silgan Holdings Inc. $SLGN Position Reduced by Ritholtz Wealth Management

Ritholtz Wealth Management cut its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 65.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,613 shares of the industrial products company’s stock after selling 14,508 shares during the quarter. Ritholtz Wealth Management’s holdings in Silgan were worth $307,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its holdings in shares of Silgan by 5.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 866,966 shares of the industrial products company’s stock valued at $34,999,000 after purchasing an additional 41,909 shares during the period. Blue Trust Inc. increased its holdings in shares of Silgan by 172.5% in the 4th quarter. Blue Trust Inc. now owns 1,627 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 1,030 shares during the period. SG Americas Securities LLC increased its holdings in shares of Silgan by 21,854.8% in the 4th quarter. SG Americas Securities LLC now owns 1,175,238 shares of the industrial products company’s stock valued at $47,444,000 after purchasing an additional 1,169,885 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Silgan by 21.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,830 shares of the industrial products company’s stock valued at $370,000 after purchasing an additional 1,567 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Silgan by 94.9% in the 4th quarter. GAMMA Investing LLC now owns 3,104 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 1,511 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Trading Up 2.9%

NYSE:SLGN opened at $42.00 on Friday. The stock’s 50 day moving average price is $43.42 and its 200 day moving average price is $42.07. Silgan Holdings Inc. has a 52 week low of $36.15 and a 52 week high of $57.04. The company has a market capitalization of $4.43 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.46 and a beta of 0.75. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.78 and a current ratio of 1.22.

Silgan (NYSE:SLGN) last released its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Silgan had a return on equity of 17.94% and a net margin of 4.45%.The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. On average, research analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.0%. This is a boost from Silgan’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, March 17th. Silgan’s dividend payout ratio is 31.23%.

Analyst Ratings Changes

SLGN has been the topic of a number of research reports. Wells Fargo & Company upped their target price on Silgan from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Silgan in a report on Wednesday, April 1st. They issued a “buy” rating and a $52.00 target price on the stock. Raymond James Financial reiterated a “market perform” rating on shares of Silgan in a report on Thursday, January 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $48.00 target price on shares of Silgan in a report on Friday. Finally, Truist Financial dropped their target price on Silgan from $59.00 to $54.00 and set a “buy” rating on the stock in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.67.

Silgan Profile

Silgan Holdings Inc (NYSE: SLGN) is a leading supplier of rigid packaging solutions for consumer goods manufacturers. The company’s core business activities center on the design, production and distribution of metal and plastic containers, closures and dispense systems. Silgan serves a broad array of end markets, including food and beverage, home and personal care, health care and industrial products, providing both standard and custom packaging formats.

Founded in 1987 and headquartered in Stamford, Connecticut, Silgan has grown organically and through strategic acquisitions to establish a global manufacturing footprint.