Sei Investments Co. Buys 23,565 Shares of Silgan Holdings Inc. $SLGN

Sei Investments Co. lifted its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 8.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 305,800 shares of the industrial products company’s stock after purchasing an additional 23,565 shares during the quarter. Sei Investments Co. owned 0.29% of Silgan worth $11,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its position in Silgan by 2,525.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 707 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Silgan in the 3rd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC raised its position in shares of Silgan by 627.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after buying an additional 577 shares in the last quarter. Danske Bank A S lifted its holdings in shares of Silgan by 233.3% during the 4th quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 700 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Silgan by 37.4% during the 4th quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 295 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Stock Down 2.4%

Shares of SLGN opened at $40.06 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.78 and a current ratio of 0.53. Silgan Holdings Inc. has a 52 week low of $35.68 and a 52 week high of $49.55. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 2.25 and a beta of 0.66. The stock has a fifty day moving average of $42.57 and a 200-day moving average of $42.49.

Silgan (NYSE:SLGN) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the company posted $1.01 EPS. Silgan’s quarterly revenue was up 6.8% compared to the same quarter last year. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. As a group, sell-side analysts anticipate that Silgan Holdings Inc. will post 3.8 earnings per share for the current fiscal year.

Silgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, June 1st. Silgan’s dividend payout ratio (DPR) is presently 32.94%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. BMO Capital Markets initiated coverage on shares of Silgan in a research note on Thursday, July 16th. They issued an “outperform” rating and a $57.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on Silgan from $53.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $51.00 target price (up from $49.00) on shares of Silgan in a report on Thursday, July 9th. Truist Financial decreased their price target on Silgan from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Raymond James Financial reissued an “outperform” rating and set a $59.00 price target on shares of Silgan in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Silgan presently has a consensus rating of “Moderate Buy” and an average target price of $53.30.

About Silgan

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.