Louisiana State Employees Retirement System Makes New Investment in Silgan Holdings Inc. $SLGN

Louisiana State Employees Retirement System acquired a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 25,400 shares of the industrial products company’s stock, valued at approximately $986,000.

Several other large investors have also made changes to their positions in the business. Fuller & Thaler Asset Management Inc. lifted its position in Silgan by 177.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,400,088 shares of the industrial products company’s stock valued at $137,262,000 after purchasing an additional 2,174,028 shares during the period. JPMorgan Chase & Co. grew its position in Silgan by 22.1% during the 4th quarter. JPMorgan Chase & Co. now owns 9,274,095 shares of the industrial products company’s stock worth $374,395,000 after purchasing an additional 1,676,760 shares during the period. SG Americas Securities LLC raised its stake in shares of Silgan by 21,854.8% during the 4th quarter. SG Americas Securities LLC now owns 1,175,238 shares of the industrial products company’s stock valued at $47,444,000 after buying an additional 1,169,885 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Silgan by 131.9% in the 3rd quarter. Bank of America Corp DE now owns 2,027,845 shares of the industrial products company’s stock valued at $87,218,000 after buying an additional 1,153,253 shares during the period. Finally, Wellington Management Group LLP raised its position in Silgan by 25.8% during the third quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company’s stock valued at $241,071,000 after acquiring an additional 1,148,044 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Silgan Trading Down 0.1%

SLGN stock opened at $46.34 on Friday. Silgan Holdings Inc. has a 12-month low of $35.68 and a 12-month high of $57.04. The business’s 50-day moving average is $40.13 and its 200 day moving average is $41.93. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 1.58. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 2.66 and a beta of 0.66.

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

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.21 per share. 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 presently 31.58%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SLGN. JPMorgan Chase & Co. lowered their price objective on Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada boosted their target price on shares of Silgan from $48.00 to $49.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Silgan in a report on Wednesday, April 1st. They set a “buy” rating and a $52.00 price target on the stock. Weiss Ratings lowered shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Finally, UBS Group cut their price objective on shares of Silgan from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.56.

Silgan 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.