Campbell & CO Investment Adviser LLC raised its position in Silgan Holdings Inc. (NYSE:SLGN – Free Report) by 238.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 69,504 shares of the industrial products company’s stock after purchasing an additional 48,967 shares during the period. Campbell & CO Investment Adviser LLC owned about 0.06% of Silgan worth $3,766,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in SLGN. Zurich Insurance Group Ltd FI purchased a new stake in Silgan during the 1st quarter worth about $1,258,000. M&T Bank Corp boosted its stake in shares of Silgan by 6.9% during the 1st quarter. M&T Bank Corp now owns 18,135 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 1,165 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in shares of Silgan during the first quarter worth about $626,000. Principal Financial Group Inc. raised its position in shares of Silgan by 0.3% in the first quarter. Principal Financial Group Inc. now owns 186,827 shares of the industrial products company’s stock valued at $9,551,000 after buying an additional 648 shares during the last quarter. Finally, Drake & Associates LLC lifted its stake in shares of Silgan by 63.5% during the second quarter. Drake & Associates LLC now owns 53,011 shares of the industrial products company’s stock valued at $2,872,000 after buying an additional 20,585 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.
Wall Street Analyst Weigh In
SLGN has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Silgan in a research note on Wednesday, October 8th. Zacks Research lowered Silgan from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Bank of America raised Silgan from a “neutral” rating to a “buy” rating and raised their price target for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th. Truist Financial dropped their price objective on shares of Silgan from $62.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Raymond James Financial set a $53.00 price objective on shares of Silgan and gave the stock an “outperform” rating in a report on Friday, October 17th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.22.
Silgan Price Performance
SLGN opened at $38.19 on Friday. Silgan Holdings Inc. has a 52-week low of $36.15 and a 52-week high of $58.14. The company has a 50 day moving average of $42.79 and a two-hundred day moving average of $49.15. The company has a market cap of $4.04 billion, a P/E ratio of 12.99, a P/E/G ratio of 1.27 and a beta of 0.67. The company has a quick ratio of 0.56, a current ratio of 0.50 and a debt-to-equity ratio of 1.40.
Silgan (NYSE:SLGN – Get Free Report) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.01. Silgan had a net margin of 4.91% and a return on equity of 19.47%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business posted $1.21 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. On average, analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.
Silgan Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.20 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. Silgan’s dividend payout ratio (DPR) is 27.21%.
Insider Transactions at Silgan
In other news, CEO Adam J. Greenlee acquired 7,000 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were bought at an average price of $38.19 per share, for a total transaction of $267,330.00. Following the completion of the purchase, the chief executive officer directly owned 328,164 shares of the company’s stock, valued at approximately $12,532,583.16. This trade represents a 2.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert B. Lewis sold 11,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $46.70, for a total transaction of $513,700.00. Following the completion of the transaction, the executive vice president directly owned 142,378 shares of the company’s stock, valued at approximately $6,649,052.60. The trade was a 7.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.
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