Wellington Management Group LLP Increases Stake in Silgan Holdings Inc. $SLGN

Wellington Management Group LLP increased its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 18.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,868,870 shares of the industrial products company’s stock after purchasing an additional 448,828 shares during the period. Wellington Management Group LLP’s holdings in Silgan were worth $146,657,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Silgan during the first quarter valued at $51,000. M&T Bank Corp boosted its position in Silgan by 6.9% during the 1st quarter. M&T Bank Corp now owns 18,135 shares of the industrial products company’s stock valued at $927,000 after acquiring an additional 1,165 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Silgan by 13.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,903 shares of the industrial products company’s stock valued at $353,000 after acquiring an additional 815 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Silgan by 1.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 49,933 shares of the industrial products company’s stock valued at $2,553,000 after acquiring an additional 695 shares in the last quarter. Finally, CX Institutional bought a new stake in Silgan during the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Silgan Price Performance

Shares of NYSE SLGN opened at $46.2780 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. The company has a market cap of $4.95 billion, a PE ratio of 16.47, a P/E/G ratio of 1.14 and a beta of 0.69. The business has a 50-day simple moving average of $52.35 and a two-hundred day simple moving average of $52.33. Silgan Holdings Inc. has a fifty-two week low of $44.37 and a fifty-two week high of $58.14.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.02). Silgan had a return on equity of 19.98% and a net margin of 4.90%.The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $0.88 EPS. Silgan’s revenue was up 11.4% compared to the same quarter last year. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. As a group, equities analysts expect that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Silgan’s dividend payout ratio is presently 28.47%.

Analysts Set New Price Targets

Several analysts have issued reports on SLGN shares. Truist Financial increased their target price on Silgan from $62.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Bank of America reiterated a “neutral” rating and set a $59.00 price objective (up previously from $57.00) on shares of Silgan in a research note on Wednesday, July 9th. JPMorgan Chase & Co. upgraded shares of Silgan from a “neutral” rating to an “overweight” rating and set a $57.00 price objective for the company in a research note on Thursday, May 1st. Raymond James Financial reduced their price objective on shares of Silgan from $64.00 to $60.00 and set a “strong-buy” rating for the company in a research note on Thursday, July 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Silgan from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $62.44.

Silgan Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.