Fifth Third Bancorp Acquires 73,596 Shares of Silgan Holdings Inc. $SLGN

Fifth Third Bancorp raised its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 6,789.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,680 shares of the industrial products company’s stock after acquiring an additional 73,596 shares during the period. Fifth Third Bancorp’s holdings in Silgan were worth $2,898,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its position in shares of Silgan by 1.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,441 shares of the industrial products company’s stock valued at $704,000 after purchasing an additional 221 shares during the period. Inspire Advisors LLC lifted its holdings in shares of Silgan by 4.5% in the fourth quarter. Inspire Advisors LLC now owns 5,123 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 221 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Silgan by 2.5% in the 4th quarter. Verdence Capital Advisors LLC now owns 11,285 shares of the industrial products company’s stock valued at $456,000 after acquiring an additional 278 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Silgan by 4.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,767 shares of the industrial products company’s stock valued at $367,000 after acquiring an additional 308 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in Silgan by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 79,193 shares of the industrial products company’s stock worth $4,291,000 after acquiring an additional 337 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Stock Performance

NYSE SLGN opened at $46.09 on Tuesday. 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 firm’s fifty day moving average price is $41.40 and its two-hundred day moving average price is $42.30. Silgan Holdings Inc. has a 1 year low of $35.68 and a 1 year high of $56.85. The firm has a market capitalization of $4.87 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66.

Silgan (NYSE:SLGN) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm 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. As a group, research analysts anticipate that Silgan Holdings Inc. will post 3.79 EPS for the current year.

Silgan Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. 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 research report on Thursday, July 9th. UBS Group lowered their price target on shares of Silgan from $46.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Citigroup cut 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. Finally, BMO Capital Markets began coverage on shares of Silgan in a research note on Thursday. They set an “outperform” rating and a $57.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.00.

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.