Keybank National Association OH Has $390,000 Stock Holdings in Silgan Holdings Inc. $SLGN

Keybank National Association OH lessened its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 29.3% in the second quarter, HoldingsChannel.com reports. The firm owned 7,205 shares of the industrial products company’s stock after selling 2,990 shares during the quarter. Keybank National Association OH’s holdings in Silgan were worth $390,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SLGN. Principal Financial Group Inc. increased its holdings in Silgan by 0.3% in the first quarter. Principal Financial Group Inc. now owns 186,827 shares of the industrial products company’s stock worth $9,551,000 after purchasing an additional 648 shares in the last quarter. M&T Bank Corp increased its position in shares of Silgan by 6.9% during the first quarter. M&T Bank Corp now owns 18,135 shares of the industrial products company’s stock worth $927,000 after acquiring an additional 1,165 shares in the last quarter. Dogwood Wealth Management LLC purchased a new stake in shares of Silgan in the first quarter worth approximately $667,000. MainStreet Investment Advisors LLC raised its position in Silgan by 5.7% in the 1st quarter. MainStreet Investment Advisors LLC now owns 14,244 shares of the industrial products company’s stock valued at $728,000 after buying an additional 770 shares during the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of Silgan by 1.0% in the first quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company’s stock valued at $992,000 after purchasing an additional 200 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Robert B. Lewis sold 11,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total value of $513,700.00. Following the completion of the transaction, the executive vice president owned 142,378 shares of the company’s stock, valued at approximately $6,649,052.60. This represents a 7.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam J. Greenlee acquired 7,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $38.19 per share, with a total value of $267,330.00. Following the acquisition, the chief executive officer owned 328,164 shares of the company’s stock, valued at $12,532,583.16. This represents a 2.18% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.13% of the stock is currently owned by insiders.

Silgan Price Performance

SLGN opened at $39.37 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.50 and a quick ratio of 0.56. Silgan Holdings Inc. has a 1 year low of $36.15 and a 1 year high of $58.14. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.27 and a beta of 0.67. The stock’s 50 day simple moving average is $43.13 and its 200 day simple moving average is $49.32.

Silgan (NYSE:SLGN) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.01. Silgan had a net margin of 4.91% and a return on equity of 19.47%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $1.21 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. As a group, analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Silgan’s payout ratio is 27.21%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SLGN shares. Bank of America upgraded Silgan from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $57.00 in a report on Thursday, August 28th. Raymond James Financial set a $53.00 price target on shares of Silgan and gave the company an “outperform” rating in a research note on Friday, October 17th. Citigroup cut their target price on Silgan from $60.00 to $49.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Silgan in a report on Wednesday, October 8th. Finally, Truist Financial dropped their price target on Silgan from $62.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.22.

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.