59,655 Shares in Silgan Holdings Inc. $SLGN Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in Silgan Holdings Inc. (NYSE:SLGN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 59,655 shares of the industrial products company’s stock, valued at approximately $2,767,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLGN. Keating Financial Advisory Services Inc. purchased a new position in Silgan during the second quarter worth approximately $28,000. Allworth Financial LP purchased a new stake in shares of Silgan during the 2nd quarter valued at $28,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Silgan by 2,525.0% during 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 last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Silgan in the 3rd quarter worth $33,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Silgan by 627.2% in the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 577 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Stock Down 0.4%

Shares of Silgan stock opened at $41.38 on Wednesday. Silgan Holdings Inc. has a twelve month low of $35.68 and a twelve month high of $49.55. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.42 and a beta of 0.68. The company has a current ratio of 1.27, a quick ratio of 0.80 and a debt-to-equity ratio of 1.54. The company has a fifty day moving average price of $43.77 and a 200 day moving average price of $42.07.

Silgan (NYSE:SLGN) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. Equities research analysts forecast that Silgan Holdings Inc. will post 3.82 earnings per share for the current fiscal year.

Silgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 1st. Silgan’s dividend payout ratio (DPR) is presently 32.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SLGN shares. Royal Bank Of Canada upgraded Silgan from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $51.00 to $58.00 in a research note on Thursday, August 13th. UBS Group set a $47.00 price objective on Silgan and gave the company a “neutral” rating in a research note on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and set a $59.00 target price on shares of Silgan in a report on Wednesday, July 15th. Weiss Ratings raised shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Finally, Bank of America raised their price target on shares of Silgan from $53.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. One 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 stock. Based on data from MarketBeat.com, Silgan presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

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.