Segall Bryant & Hamill LLC decreased its stake in shares of Silgan Holdings Inc. (NYSE:SLGN – Free Report) by 29.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 694,644 shares of the industrial products company’s stock after selling 295,392 shares during the period. Segall Bryant & Hamill LLC’s holdings in Silgan were worth $26,952,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada lifted its stake in Silgan by 1.2% during the 1st quarter. Royal Bank of Canada now owns 43,734 shares of the industrial products company’s stock valued at $2,235,000 after acquiring an additional 510 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Silgan by 94.7% in the 1st quarter. AQR Capital Management LLC now owns 89,117 shares of the industrial products company’s stock worth $4,477,000 after acquiring an additional 43,338 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Silgan in the 1st quarter worth $54,000. NewEdge Advisors LLC raised its holdings in shares of Silgan by 332.3% in the first quarter. NewEdge Advisors LLC now owns 6,459 shares of the industrial products company’s stock valued at $330,000 after purchasing an additional 4,965 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Silgan in the first quarter valued at about $264,000. Institutional investors own 70.25% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Citigroup decreased their price objective on shares of Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Raymond James Financial reissued an “outperform” rating and set a $59.00 target price on shares of Silgan in a research report on Wednesday, July 15th. BMO Capital Markets began coverage on Silgan in a research note on Thursday, July 16th. They issued an “outperform” rating and a $57.00 target price on the stock. Finally, Bank of America upped their target price on Silgan from $53.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Silgan has a consensus rating of “Moderate Buy” and an average price target of $53.30.
Silgan Price Performance
Shares of NYSE:SLGN opened at $40.06 on Friday. The company has a market capitalization of $4.23 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 2.25 and a beta of 0.66. The company’s 50-day moving average is $42.57 and its 200 day moving average is $42.49. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.78 and a current ratio of 0.53. Silgan Holdings Inc. has a fifty-two week low of $35.68 and a fifty-two week high of $49.55.
Silgan (NYSE:SLGN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the company posted $1.01 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. On average, equities research analysts forecast that Silgan Holdings Inc. will post 3.8 earnings per share for the current year.
Silgan Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, June 1st. Silgan’s dividend payout ratio is currently 32.94%.
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.
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