Silgan Holdings Inc. $SLGN Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 1.7% during the second quarter, HoldingsChannel.com reports. The fund owned 1,111,276 shares of the industrial products company’s stock after purchasing an additional 18,697 shares during the period. Silgan makes up 0.8% of Segall Bryant & Hamill LLC’s holdings, making the stock its 8th largest position. Segall Bryant & Hamill LLC’s holdings in Silgan were worth $60,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in Silgan by 3.1% during the second quarter. Rhumbline Advisers now owns 231,249 shares of the industrial products company’s stock worth $12,529,000 after purchasing an additional 7,059 shares during the period. Legal & General Group Plc lifted its stake in shares of Silgan by 5.6% in the second quarter. Legal & General Group Plc now owns 145,151 shares of the industrial products company’s stock worth $7,864,000 after buying an additional 7,645 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Silgan during the 2nd quarter worth $203,000. Swiss National Bank grew its stake in Silgan by 4.9% in the 2nd quarter. Swiss National Bank now owns 173,700 shares of the industrial products company’s stock valued at $9,411,000 after buying an additional 8,100 shares during the last quarter. Finally, MainStreet Investment Advisors LLC raised its holdings in Silgan by 3.2% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 14,704 shares of the industrial products company’s stock worth $797,000 after acquiring an additional 460 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Silgan Trading Up 3.1%

Shares of SLGN opened at $39.66 on Friday. The stock’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 firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 1.27 and a beta of 0.67. Silgan Holdings Inc. has a 12-month low of $36.15 and a 12-month high of $58.14.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.01. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.94 billion. Silgan had a return on equity of 19.47% and a net margin of 4.91%.Silgan’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 EPS. 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, research analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 payout ratio is 27.21%.

Analysts Set New Price Targets

SLGN has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on shares of Silgan from $64.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Bank of America upgraded Silgan from a “neutral” rating to a “buy” rating and increased their target price for the company from $53.00 to $57.00 in a research note on Thursday, August 28th. Wells Fargo & Company lowered their target price on Silgan from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Raymond James Financial set a $53.00 price target on Silgan and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Citigroup lowered their price objective on shares of Silgan from $60.00 to $49.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.22.

Insider Buying and Selling at Silgan

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

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.