First Citizens Bank & Trust Co. Acquires New Stake in Silgan Holdings Inc. $SLGN

First Citizens Bank & Trust Co. acquired a new stake in Silgan Holdings Inc. (NYSE:SLGN) during the second quarter, according to its most recent filing with the SEC. The firm acquired 11,086 shares of the industrial products company’s stock, valued at approximately $601,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its position in Silgan by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company’s stock valued at $1,160,000 after buying an additional 200 shares during the last quarter. State of Michigan Retirement System grew its position in Silgan by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company’s stock valued at $992,000 after buying an additional 200 shares during the last quarter. CX Institutional grew its position in Silgan by 26.2% in the 2nd quarter. CX Institutional now owns 1,044 shares of the industrial products company’s stock valued at $57,000 after buying an additional 217 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Silgan by 0.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 50,156 shares of the industrial products company’s stock valued at $2,717,000 after buying an additional 223 shares during the last quarter. Finally, Aristeia Capital L.L.C. grew its position in Silgan by 4.5% in the 1st 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 during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Robert B. Lewis sold 11,000 shares of Silgan 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 completion of the transaction, the executive vice president owned 142,378 shares of the company’s stock, valued at $6,649,052.60. The trade was a 7.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SLGN. Bank of America upgraded shares of Silgan from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $53.00 to $57.00 in a research report on Thursday, August 28th. Wells Fargo & Company set a $55.00 target price on shares of Silgan and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Truist Financial decreased their target price on shares of Silgan from $67.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Raymond James Financial set a $53.00 target price on shares of Silgan and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Royal Bank Of Canada decreased their target price on shares of Silgan from $64.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Silgan has a consensus rating of “Moderate Buy” and a consensus price target of $60.11.

Silgan Trading Down 0.1%

NYSE:SLGN opened at $44.57 on Friday. The company has a market capitalization of $4.77 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.39 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 Holdings Inc. has a 52-week low of $41.29 and a 52-week high of $58.14. The stock has a fifty day simple moving average of $44.10 and a 200-day simple moving average of $49.80.

Silgan (NYSE:SLGN) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.02). The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%.The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. On average, equities research analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. Silgan’s payout ratio is 28.47%.

Silgan Company Profile

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.