Allspring Global Investments Holdings LLC Sells 371,040 Shares of Silgan Holdings Inc. $SLGN

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 18.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,597,494 shares of the industrial products company’s stock after selling 371,040 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Silgan were worth $63,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SLGN. Caitong International Asset Management Co. Ltd increased its holdings in shares of Silgan by 2,525.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock worth $30,000 after buying an additional 707 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Silgan during the 3rd quarter valued at about $33,000. EverSource Wealth Advisors LLC boosted its holdings in Silgan by 627.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 577 shares during the period. Danske Bank A S grew 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 worth $40,000 after acquiring an additional 700 shares during the last quarter. Finally, Fifth Third Bancorp grew 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 worth $44,000 after acquiring an additional 295 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Weiss Ratings upgraded Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Truist Financial cut their target price on shares of Silgan from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. 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 note on Thursday, July 9th. Raymond James Financial reiterated an “outperform” rating and set a $59.00 price target on shares of Silgan in a report on Wednesday. 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Silgan presently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Silgan Stock Down 0.4%

Shares of NYSE SLGN opened at $47.22 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 1.58. Silgan Holdings Inc. has a 12 month low of $35.68 and a 12 month high of $56.85. The firm has a market capitalization of $4.99 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66. The firm has a fifty day simple moving average of $41.27 and a two-hundred day simple moving average of $42.25.

Silgan (NYSE:SLGN) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. Silgan had a net margin of 4.31% and a return on equity of 17.22%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Silgan Holdings Inc. will post 3.79 earnings per share for the current year.

Silgan Announces Dividend

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

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.