QRG Capital Management Inc. Has $2.05 Million Stock Position in Silgan Holdings Inc. $SLGN

QRG Capital Management Inc. grew its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 18.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 37,752 shares of the industrial products company’s stock after buying an additional 5,864 shares during the quarter. QRG Capital Management Inc.’s holdings in Silgan were worth $2,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Silgan by 2.1% in the 1st quarter. JPMorgan Chase & Co. now owns 5,916,625 shares of the industrial products company’s stock valued at $302,458,000 after buying an additional 120,844 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Silgan by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,312,590 shares of the industrial products company’s stock valued at $169,334,000 after acquiring an additional 250,577 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Silgan by 18.5% in the 1st quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company’s stock worth $146,657,000 after purchasing an additional 448,828 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Silgan by 4.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,595,520 shares of the industrial products company’s stock worth $133,150,000 after purchasing an additional 115,878 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Silgan in the 2nd quarter worth $61,303,000. 70.25% of the stock is owned by institutional investors.

Silgan Trading Up 0.6%

Shares of SLGN stock opened at $43.02 on Wednesday. The company has a 50 day moving average of $44.90 and a 200-day moving average of $50.33. Silgan Holdings Inc. has a 12-month low of $41.29 and a 12-month high of $58.14. The firm has a market cap of $4.60 billion, a P/E ratio of 15.31, a PEG ratio of 1.11 and a beta of 0.69. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 1.40.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). Silgan had a net margin of 4.90% and a return on equity of 19.98%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. Sell-side analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.9%. Silgan’s dividend payout ratio (DPR) is 28.47%.

Analysts Set New Price Targets

Several research analysts have weighed in on SLGN shares. Raymond James Financial lowered their price objective on shares of Silgan from $64.00 to $60.00 and set a “strong-buy” rating on the stock in a report on Thursday, July 31st. Truist Financial lifted their price target on Silgan from $62.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Royal Bank Of Canada cut their price target on Silgan from $64.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Weiss Ratings restated a “hold (c)” rating on shares of Silgan in a report on Saturday, September 27th. Finally, Wells Fargo & Company raised their target price on Silgan from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $62.22.

Insider Activity

In related news, EVP Robert B. Lewis sold 11,000 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total transaction of $513,700.00. Following the sale, the executive vice president directly owned 142,378 shares in the company, valued at approximately $6,649,052.60. The trade was a 7.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.13% of the stock is currently owned by corporate 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.