Vaughan Nelson Investment Management L.P. Makes New $61.30 Million Investment in Silgan Holdings Inc. $SLGN

Vaughan Nelson Investment Management L.P. bought a new position in Silgan Holdings Inc. (NYSE:SLGN) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,131,470 shares of the industrial products company’s stock, valued at approximately $61,303,000.

Several other hedge funds also recently bought and sold shares of SLGN. Wellington Management Group LLP raised its holdings in Silgan by 18.5% in the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company’s stock worth $146,657,000 after purchasing an additional 448,828 shares during the period. Nuveen LLC acquired a new stake in shares of Silgan during the first quarter worth $15,638,000. Dimensional Fund Advisors LP raised its holdings in shares of Silgan by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,312,590 shares of the industrial products company’s stock worth $169,334,000 after acquiring an additional 250,577 shares during the period. Jane Street Group LLC acquired a new stake in shares of Silgan during the first quarter worth $9,892,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Silgan by 2.1% during the first quarter. JPMorgan Chase & Co. now owns 5,916,625 shares of the industrial products company’s stock worth $302,458,000 after acquiring an additional 120,844 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SLGN shares. Raymond James Financial dropped their price objective on shares of Silgan from $64.00 to $60.00 and set a “strong-buy” rating on the stock in a report on Thursday, July 31st. Wells Fargo & Company raised their price objective on shares of Silgan from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Silgan in a report on Saturday, September 27th. Truist Financial raised their price objective on shares of Silgan from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, Bank of America upgraded shares of Silgan from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $53.00 to $57.00 in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $62.22.

Insider Buying and Selling at Silgan

In other news, EVP Robert B. Lewis sold 11,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $46.70, for a total transaction of $513,700.00. Following the transaction, the executive vice president directly owned 142,378 shares in the company, valued at $6,649,052.60. The trade was a 7.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.13% of the stock is owned by corporate insiders.

Silgan Stock Up 0.3%

Silgan stock opened at $42.74 on Friday. The company has a market cap of $4.57 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 1.11 and a beta of 0.69. Silgan Holdings Inc. has a 1-year low of $41.29 and a 1-year high of $58.14. The company has a fifty day simple moving average of $45.41 and a 200 day simple moving average of $50.42. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40.

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

Silgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Silgan’s payout ratio is currently 28.47%.

Silgan Company 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.