Nicola Wealth Management LTD. Purchases 31,000 Shares of Silgan Holdings Inc. $SLGN

Nicola Wealth Management LTD. lifted its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 29.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,900 shares of the industrial products company’s stock after purchasing an additional 31,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Silgan were worth $5,527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Silgan by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,927,750 shares of the industrial products company’s stock valued at $383,983,000 after acquiring an additional 47,196 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Silgan by 31.6% in 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 acquiring an additional 1,822,797 shares in the last quarter. Wellington Management Group LLP lifted its position in Silgan by 25.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company’s stock valued at $241,071,000 after acquiring an additional 1,148,044 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Silgan by 6.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,740,397 shares of the industrial products company’s stock valued at $160,872,000 after acquiring an additional 237,589 shares in the last quarter. Finally, State Street Corp lifted its position 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 valued at $197,545,000 after acquiring an additional 23,734 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup cut their price objective on shares of Silgan from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $56.00 price objective (up from $55.00) on shares of Silgan in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Silgan in a research report on Wednesday, April 1st. They issued a “buy” rating and a $52.00 price objective on the stock. Truist Financial cut their price objective on shares of Silgan from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Silgan currently has a consensus rating of “Moderate Buy” and an average price target of $51.56.

Silgan Stock Down 0.0%

Shares of SLGN stock opened at $37.91 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 1.58. Silgan Holdings Inc. has a 1 year low of $36.15 and a 1 year high of $57.04. The firm’s fifty day moving average price is $39.69 and its two-hundred day moving average price is $41.50. The firm has a market capitalization of $4.01 billion, a P/E ratio of 14.25, a PEG ratio of 2.17 and a beta of 0.74.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. Silgan had a net margin of 4.31% and a return on equity of 17.22%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business earned $0.69 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. On average, equities 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. Stockholders 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 dividend yield of 2.2%. Silgan’s payout ratio is currently 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.