Silgan Holdings Inc. $SLGN Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Silgan Holdings Inc. (NYSE:SLGN) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,573,647 shares of the industrial products company’s stock after buying an additional 28,979 shares during the quarter. Geode Capital Management LLC’s holdings in Silgan were worth $85,272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CX Institutional boosted its position in shares of Silgan by 26.2% during the 2nd quarter. CX Institutional now owns 1,044 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 217 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Silgan by 0.4% during the second quarter. Janney Montgomery Scott LLC now owns 50,156 shares of the industrial products company’s stock worth $2,717,000 after buying an additional 223 shares during the period. Atria Investments Inc boosted its position in shares of Silgan by 3.9% during the second quarter. Atria Investments Inc now owns 6,241 shares of the industrial products company’s stock worth $338,000 after buying an additional 232 shares during the period. Aristeia Capital L.L.C. grew its stake in shares of Silgan by 4.5% in the first quarter. Aristeia Capital L.L.C. now owns 5,733 shares of the industrial products company’s stock valued at $293,000 after buying an additional 245 shares in the last quarter. Finally, Independent Advisor Alliance grew its stake in shares of Silgan by 0.8% in the first quarter. Independent Advisor Alliance now owns 32,330 shares of the industrial products company’s stock valued at $1,653,000 after buying an additional 266 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Silgan Stock Up 3.1%

Shares of NYSE:SLGN opened at $39.66 on Friday. Silgan Holdings Inc. has a fifty-two week low of $36.15 and a fifty-two week high of $58.14. The firm’s 50 day moving average price is $41.46 and its 200 day moving average price is $48.20. The company has a quick ratio of 0.56, a current ratio of 0.50 and a debt-to-equity ratio of 1.40. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67.

Silgan (NYSE:SLGN) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping 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 company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business posted $1.21 EPS. The firm’s 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. As a group, equities research analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, December 1st. Silgan’s dividend payout ratio is 27.21%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America raised Silgan from a “neutral” rating to a “buy” rating and lifted their target price for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. Wells Fargo & Company dropped their price objective on shares of Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Silgan in a research note on Wednesday, October 8th. Citigroup reduced their target price on shares of Silgan from $60.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Raymond James Financial set a $53.00 price target on shares of Silgan and gave the stock an “outperform” rating in a research note on Friday, October 17th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Silgan currently has an average rating of “Moderate Buy” and an average price target of $57.22.

Insiders Place Their Bets

In other Silgan news, CAO Kimberly Irene Ulmer purchased 1,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $38.11 per share, for a total transaction of $38,110.00. Following the completion of the purchase, the chief accounting officer directly owned 105,321 shares in the company, valued at approximately $4,013,783.31. This represents a 0.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adam J. Greenlee acquired 7,000 shares of the stock in a transaction dated Friday, October 31st. The shares were acquired at an average cost of $38.19 per share, with a total value of $267,330.00. Following the completion of the transaction, the chief executive officer owned 328,164 shares in the company, valued at approximately $12,532,583.16. This represents a 2.18% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.13% of the stock is 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.