SG Americas Securities LLC Sells 984,483 Shares of Silgan Holdings Inc. $SLGN

SG Americas Securities LLC decreased its position in Silgan Holdings Inc. (NYSE:SLGN) by 83.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 190,755 shares of the industrial products company’s stock after selling 984,483 shares during the quarter. SG Americas Securities LLC owned about 0.18% of Silgan worth $7,401,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SLGN. Royal Bank of Canada boosted its stake in Silgan by 1.2% in the 1st quarter. Royal Bank of Canada now owns 43,734 shares of the industrial products company’s stock valued at $2,235,000 after purchasing an additional 510 shares during the period. AQR Capital Management LLC increased its position in Silgan by 94.7% during the 1st quarter. AQR Capital Management LLC now owns 89,117 shares of the industrial products company’s stock worth $4,477,000 after buying an additional 43,338 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Silgan during the first quarter worth $54,000. NewEdge Advisors LLC boosted its position in shares of Silgan by 332.3% in the first quarter. NewEdge Advisors LLC now owns 6,459 shares of the industrial products company’s stock valued at $330,000 after acquiring an additional 4,965 shares during the period. Finally, United Services Automobile Association acquired a new position in shares of Silgan in the first quarter valued at about $264,000. Institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SLGN. Citigroup lowered their price target on shares of Silgan from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. UBS Group lowered their target price on shares of Silgan from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Royal Bank Of Canada lifted their price target on shares of Silgan from $48.00 to $49.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $56.00 price target (up from $55.00) on shares of Silgan in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.56.

Silgan Trading Up 2.0%

Shares of SLGN stock opened at $46.26 on Friday. Silgan Holdings Inc. has a fifty-two week low of $35.68 and a fifty-two week high of $57.04. The stock’s fifty day moving average price is $39.60 and its two-hundred day moving average price is $41.67. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.78 and a current ratio of 1.26. The company has a market cap of $4.89 billion, a PE ratio of 17.39, a P/E/G ratio of 2.65 and a beta of 0.71.

Silgan (NYSE:SLGN) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Silgan had a return on equity of 17.22% and a net margin of 4.31%.Silgan’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 EPS. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. Equities analysts predict that Silgan Holdings Inc. will post 3.78 EPS for the current fiscal year.

Silgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.8%. Silgan’s dividend payout ratio is 31.58%.

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.