Silgan Holdings Inc. $SLGN Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 16.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 288,312 shares of the industrial products company’s stock after buying an additional 40,374 shares during the period. State of Alaska Department of Revenue owned 0.27% of Silgan worth $12,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CX Institutional raised its holdings in shares of Silgan by 26.2% during the 2nd quarter. CX Institutional now owns 1,044 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 217 shares during the period. Janney Montgomery Scott LLC increased its position in Silgan by 0.4% during the second quarter. Janney Montgomery Scott LLC now owns 50,156 shares of the industrial products company’s stock worth $2,717,000 after purchasing an additional 223 shares during the last quarter. Atria Investments Inc raised its stake in Silgan by 3.9% during the second quarter. Atria Investments Inc now owns 6,241 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 232 shares during the period. Yousif Capital Management LLC boosted its holdings in Silgan by 1.0% in the 3rd quarter. Yousif Capital Management LLC now owns 27,578 shares of the industrial products company’s stock valued at $1,186,000 after purchasing an additional 262 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its holdings in Silgan by 7.2% in the second quarter. Central Pacific Bank Trust Division now owns 4,030 shares of the industrial products company’s stock valued at $218,000 after acquiring an additional 270 shares during the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Kimberly Irene Ulmer acquired 1,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $38.11 per share, with a total value of $38,110.00. Following the transaction, the chief accounting officer owned 105,321 shares in the company, valued at approximately $4,013,783.31. This trade represents a 0.96% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam J. Greenlee acquired 7,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were purchased at an average cost of $38.19 per share, with a total value of $267,330.00. Following the completion of the transaction, the chief executive officer owned 328,164 shares in the company, valued at approximately $12,532,583.16. The trade was a 2.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.13% of the company’s stock.

Silgan Trading Up 1.5%

SLGN opened at $42.73 on Friday. The business has a fifty day moving average price of $39.68 and a 200 day moving average price of $44.73. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.27 and a quick ratio of 0.85. Silgan Holdings Inc. has a 12 month low of $36.15 and a 12 month high of $57.61. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.86 and a beta of 0.72.

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

Silgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, December 1st. Silgan’s payout ratio is 27.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SLGN shares. Citigroup decreased their target price on shares of Silgan from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Silgan in a report on Monday, December 29th. Wells Fargo & Company decreased their target price on Silgan from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Truist Financial set a $50.00 target price on Silgan and gave the company a “buy” rating in a research report on Tuesday. Finally, UBS Group started coverage on shares of Silgan in a research note on Monday, November 24th. They set a “neutral” rating and a $42.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Silgan presently has a consensus rating of “Moderate Buy” and an average price target of $55.20.

Silgan Company 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.