Wasatch Advisors LP Invests $883,000 in Silgan Holdings Inc. $SLGN

Wasatch Advisors LP bought a new stake in Silgan Holdings Inc. (NYSE:SLGN) in the 1st quarter, HoldingsChannel.com reports. The firm bought 22,763 shares of the industrial products company’s stock, valued at approximately $883,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SLGN. Caitong International Asset Management Co. Ltd increased its holdings in Silgan by 2,525.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock valued at $30,000 after buying an additional 707 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Silgan in the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC raised its holdings in Silgan by 627.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 577 shares during the period. Danske Bank A S boosted its position in Silgan by 233.3% during the fourth quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 700 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Silgan by 37.4% during the fourth quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 295 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

SLGN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Silgan from $53.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Wells Fargo & Company reissued an “overweight” rating and issued a $56.00 price target (up from $55.00) on shares of Silgan in a research note on Thursday, April 30th. Citigroup cut their price target on shares of Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Silgan in a research report on Wednesday, April 1st. They set a “buy” rating and a $52.00 price objective for the company. Finally, Weiss Ratings lowered shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $51.56.

Silgan Stock Performance

Shares of NYSE:SLGN opened at $46.26 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.26 and a quick ratio of 0.78. The business’s 50 day moving average price is $39.60 and its 200-day moving average price is $41.67. The firm has a market capitalization of $4.89 billion, a PE ratio of 17.39, a P/E/G ratio of 2.65 and a beta of 0.71. Silgan Holdings Inc. has a 1 year low of $35.68 and a 1 year high of $57.04.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.51 billion. Silgan had a return on equity of 17.22% and a net margin of 4.31%.The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. As a group, equities research analysts expect that Silgan Holdings Inc. will post 3.78 earnings per share for the current fiscal year.

Silgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, June 1st. Silgan’s dividend payout ratio is 31.58%.

Silgan Company 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.