Silgan Holdings Inc. $SLGN Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 207.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 18,175 shares of the industrial products company’s stock after buying an additional 12,267 shares during the period. SG Americas Securities LLC’s holdings in Silgan were worth $985,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in Silgan by 174.6% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 316 shares in the last quarter. Hantz Financial Services Inc. grew its position in Silgan by 359.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 634 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 496 shares in the last quarter. Brooklyn Investment Group increased its stake in Silgan by 4,394.1% during the first quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 747 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Silgan during the first quarter worth about $54,000. Finally, CX Institutional lifted its position in shares of Silgan by 26.2% during the second quarter. CX Institutional now owns 1,044 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 217 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Adam J. Greenlee bought 7,000 shares of the stock in a transaction dated Friday, October 31st. The stock was acquired at an average price of $38.19 per share, for a total transaction of $267,330.00. Following the acquisition, the chief executive officer owned 328,164 shares in the company, valued at approximately $12,532,583.16. This represents a 2.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Kimberly Irene Ulmer bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $38.11 per share, for a total transaction of $38,110.00. Following the completion of the transaction, the chief accounting officer directly 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 SEC filing for this purchase provides additional information. Corporate insiders own 1.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SLGN. Wells Fargo & Company dropped their price objective on shares of Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Silgan in a research report on Wednesday, October 8th. Royal Bank Of Canada dropped their price target on shares of Silgan from $64.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Zacks Research cut Silgan from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Finally, Bank of America raised Silgan from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Silgan presently has a consensus rating of “Moderate Buy” and an average price target of $57.22.

Silgan Price Performance

Shares of SLGN opened at $39.66 on Friday. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 1.27 and a beta of 0.67. The firm’s fifty day simple moving average is $41.46 and its 200-day simple moving average is $48.16. Silgan Holdings Inc. has a twelve month low of $36.15 and a twelve month high of $58.14. The company has a current ratio of 0.50, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.01. Silgan had a net margin of 4.91% and a return on equity of 19.47%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The company’s revenue was up 15.2% compared to the same quarter last year. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. Equities analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 2.0%. Silgan’s payout ratio is presently 27.21%.

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.