Allspring Global Investments Holdings LLC Sells 505,848 Shares of Silgan Holdings Inc. $SLGN

Allspring Global Investments Holdings LLC decreased its position in Silgan Holdings Inc. (NYSE:SLGN) by 20.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,968,534 shares of the industrial products company’s stock after selling 505,848 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Silgan were worth $81,202,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SLGN. EverSource Wealth Advisors LLC raised its stake in Silgan by 627.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock worth $36,000 after buying an additional 577 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Silgan in the second quarter valued at about $40,000. Measured Wealth Private Client Group LLC acquired a new position in Silgan in the third quarter valued at about $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Silgan in the first quarter worth about $54,000. Finally, Quent Capital LLC acquired a new stake in shares of Silgan during the third quarter worth about $49,000. Institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup reiterated a “buy” rating and issued a $56.00 price objective (up from $47.00) on shares of Silgan in a research report on Friday, February 6th. Truist Financial set a $50.00 target price on shares of Silgan and gave the stock a “buy” rating in a report on Tuesday, January 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $49.00 price target (up from $43.00) on shares of Silgan in a research note on Thursday, February 5th. Wells Fargo & Company upped their price target on shares of Silgan from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, UBS Group reissued a “neutral” rating and set a $50.00 price objective (up from $44.00) on shares of Silgan in a research report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Silgan currently has an average rating of “Moderate Buy” and a consensus target price of $52.88.

Silgan Stock Up 2.2%

SLGN stock opened at $38.71 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.22 and a quick ratio of 0.78. The stock has a market capitalization of $4.08 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.61 and a beta of 0.70. Silgan Holdings Inc. has a fifty-two week low of $36.15 and a fifty-two week high of $57.04. The business has a 50-day moving average of $44.37 and a 200-day moving average of $42.24.

Silgan (NYSE:SLGN) last announced its earnings results on Wednesday, February 4th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. Silgan had a return on equity of 17.94% and a net margin of 4.45%.Silgan’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. On average, sell-side analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Silgan’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, March 17th. Silgan’s dividend payout ratio is 31.23%.

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.