Fort Washington Investment Advisors Inc. OH Increases Stake in Silgan Holdings Inc. $SLGN

Fort Washington Investment Advisors Inc. OH raised its position in Silgan Holdings Inc. (NYSE:SLGN) by 12.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 552,945 shares of the industrial products company’s stock after acquiring an additional 63,120 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.52% of Silgan worth $21,454,000 at the end of the most recent reporting period.

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

Silgan Price Performance

Shares of NYSE:SLGN opened at $46.26 on Monday. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 2.65 and a beta of 0.71. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.26 and a quick ratio of 0.78. The business’s 50 day simple moving average is $39.60 and its 200-day simple moving average is $41.69. Silgan Holdings Inc. has a 12 month low of $35.68 and a 12 month high of $57.04.

Silgan (NYSE:SLGN) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.51 billion. Silgan had a return on equity of 17.22% and a net margin of 4.31%.Silgan’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $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. As a group, equities analysts forecast that Silgan Holdings Inc. will post 3.78 earnings per share for the current fiscal year.

Silgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.21 dividend. The ex-dividend date 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 (DPR) is currently 31.58%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings cut Silgan from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft started coverage on Silgan in a report on Wednesday, April 1st. They set a “buy” rating and a $52.00 price objective on the stock. UBS Group reduced their target price on Silgan from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Truist Financial decreased their target price on shares of Silgan from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $56.00 price target (up from $55.00) on shares of Silgan in a research note 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.