Silgan Holdings Inc. $SLGN Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 736,780 shares of the industrial products company’s stock after purchasing an additional 107,583 shares during the quarter. ProShare Advisors LLC owned 0.70% of Silgan worth $29,744,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Silgan by 0.5% in the third quarter. Vanguard Group Inc. now owns 8,927,750 shares of the industrial products company’s stock valued at $383,983,000 after buying an additional 47,196 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Silgan by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,597,335 shares of the industrial products company’s stock valued at $326,761,000 after buying an additional 1,822,797 shares during the last quarter. Wellington Management Group LLP increased its position in Silgan by 25.8% during the 3rd quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company’s stock worth $241,071,000 after purchasing an additional 1,148,044 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Silgan by 6.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,740,397 shares of the industrial products company’s stock valued at $160,872,000 after buying an additional 237,589 shares during the last quarter. Finally, State Street Corp grew its stake in Silgan by 0.7% in the 2nd quarter. State Street Corp now owns 3,646,093 shares of the industrial products company’s stock worth $197,545,000 after acquiring an additional 23,734 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analyst Ratings Changes

SLGN has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Silgan in a report on Wednesday, April 1st. They issued a “buy” rating and a $52.00 price target for the company. JPMorgan Chase & Co. cut their price objective on Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings cut shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Truist Financial reduced their price target on Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Citigroup cut their target price on Silgan from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.56.

Silgan Stock Up 2.8%

NYSE:SLGN opened at $38.14 on Thursday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.78 and a current ratio of 1.26. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 2.12 and a beta of 0.74. Silgan Holdings Inc. has a one year low of $36.15 and a one year high of $57.04. The stock has a 50-day simple moving average of $39.88 and a 200 day simple moving average of $41.51.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. Silgan had a return on equity of 17.22% and a net margin of 4.31%.Silgan’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. Sell-side analysts predict that Silgan Holdings Inc. will post 3.78 EPS for the current fiscal year.

Silgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, June 1st. This represents a $0.84 annualized dividend and a yield of 2.2%. Silgan’s dividend payout ratio (DPR) is 31.58%.

About Silgan

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.