Skylands Capital LLC lifted its position in Silgan Holdings Inc. (NYSE:SLGN – Free Report) by 97.6% in the third quarter, Holdings Channel reports. The firm owned 81,500 shares of the industrial products company’s stock after buying an additional 40,250 shares during the period. Skylands Capital LLC’s holdings in Silgan were worth $2,832,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of SLGN. Keating Financial Advisory Services Inc. bought a new position in Silgan in the second quarter worth approximately $28,000. Allworth Financial LP bought a new stake in Silgan during the 2nd quarter valued at $28,000. Parkside Financial Bank & Trust raised its position in Silgan by 105.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 627 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 322 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Silgan by 2,525.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock worth $30,000 after buying an additional 707 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Silgan in the 2nd quarter worth $33,000. Institutional investors own 70.25% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on SLGN shares. Raymond James Financial reissued an “outperform” rating and set a $59.00 price target on shares of Silgan in a research report on Wednesday, July 15th. Weiss Ratings downgraded Silgan from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 13th. BMO Capital Markets initiated coverage on shares of Silgan in a research note on Thursday, July 16th. They issued an “outperform” rating and a $57.00 price objective for the company. Bank of America increased their target price on shares of Silgan from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada set a $47.00 target price on shares of Silgan and gave the company an “outperform” rating in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $50.40.
Read Our Latest Stock Analysis on SLGN
Silgan Stock Performance
SLGN stock opened at $38.92 on Thursday. Silgan Holdings Inc. has a one year low of $33.70 and a one year high of $49.55. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 2.57 and a beta of 0.67. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.80 and a current ratio of 1.27. The firm has a 50-day simple moving average of $38.68 and a two-hundred day simple moving average of $40.46.
Silgan (NYSE:SLGN – Get Free Report) last issued 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 firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. The company’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 analysts forecast that Silgan Holdings Inc. will post 3.82 EPS for the current fiscal year.
Silgan Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, September 1st. Silgan’s dividend payout ratio (DPR) is 32.94%.
Silgan Company Profile
Silgan Holdings Inc (NYSE: SLGN) is a manufacturer of rigid packaging products used by consumer goods companies. The company produces metal containers, plastic containers and specialty closures for food, beverage, personal care, household, healthcare, industrial and other products.
Silgan’s metal packaging business supplies cans and containers for food, pet food, paint, chemicals, aerosols and other applications. Its plastic packaging operations manufacture bottles, tubs and other containers, while its closures business produces metal and plastic caps, lids and dispensing systems for a range of consumer and industrial products.
Founded in 1987, Silgan serves customers primarily across North America and Europe through a network of manufacturing facilities.
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