Bernzott Capital Advisors trimmed its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN – Free Report) by 8.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 185,809 shares of the industrial products company’s stock after selling 17,453 shares during the period. Silgan accounts for 3.5% of Bernzott Capital Advisors’ portfolio, making the stock its 9th biggest position. Bernzott Capital Advisors owned approximately 0.18% of Silgan worth $7,209,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 valued at $30,000 after purchasing an additional 707 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Silgan in the 3rd quarter worth approximately $33,000. EverSource Wealth Advisors LLC lifted its holdings 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 worth $36,000 after purchasing an additional 577 shares during the last quarter. Danske Bank A S boosted its position in Silgan by 233.3% during the 4th quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 700 shares during the period. Finally, Fifth Third Bancorp boosted its position in Silgan by 37.4% during the 4th quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 295 shares during the period. 70.25% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on SLGN. Weiss Ratings cut Silgan from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $51.00 price objective (up from $49.00) on shares of Silgan in a research report on Thursday. Truist Financial reduced their target price on shares of Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. UBS Group decreased their target price on shares of Silgan from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Silgan in a report on Wednesday, April 1st. They set a “buy” rating and a $52.00 price target on the stock. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.78.
Silgan Trading Up 0.0%
Shares of Silgan stock opened at $44.02 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 1.58. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 2.52 and a beta of 0.66. The business has a fifty day simple moving average of $40.59 and a 200-day simple moving average of $42.05. Silgan Holdings Inc. has a fifty-two week low of $35.68 and a fifty-two week high of $56.85.
Silgan (NYSE:SLGN – Get Free Report) last released its 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 earned $0.69 earnings per share. Silgan’s revenue was up 6.4% compared to the same quarter last year. 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, equities analysts forecast that Silgan Holdings Inc. will post 3.78 EPS for the current fiscal year.
Silgan Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.84 annualized dividend and a dividend yield of 1.9%. Silgan’s payout ratio is currently 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.
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