Kingsview Wealth Management LLC Takes Position in Silgan Holdings Inc. $SLGN

Kingsview Wealth Management LLC bought a new stake in Silgan Holdings Inc. (NYSE:SLGN) during the second quarter, HoldingsChannel.com reports. The fund bought 87,220 shares of the industrial products company’s stock, valued at approximately $4,046,000.

Several other hedge funds have also bought and sold shares of the company. Keating Financial Advisory Services Inc. bought a new position in Silgan during the second quarter worth about $28,000. Allworth Financial LP bought a new stake in Silgan in the second quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Silgan by 2,525.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock valued at $30,000 after buying an additional 707 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Silgan during the 3rd quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Silgan by 627.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 577 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SLGN has been the topic of a number of research analyst reports. Weiss Ratings upgraded Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. UBS Group set a $47.00 price objective on shares of Silgan and gave the company a “neutral” rating in a report on Thursday, July 30th. Royal Bank Of Canada upgraded shares of Silgan from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $51.00 to $58.00 in a research note on Thursday, August 13th. BMO Capital Markets assumed coverage on shares of Silgan in a report on Thursday, July 16th. They set an “outperform” rating and a $57.00 target price for the company. Finally, Bank of America increased their price target on shares of Silgan from $53.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $54.00.

Silgan Trading Up 0.5%

Shares of NYSE:SLGN opened at $42.07 on Friday. The business’s 50 day simple moving average is $43.79 and its 200 day simple moving average is $42.22. Silgan Holdings Inc. has a 1 year low of $35.68 and a 1 year high of $49.55. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.27 and a quick ratio of 0.80. The company has a market capitalization of $4.45 billion, a P/E ratio of 16.50, a P/E/G ratio of 2.43 and a beta of 0.68.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.01 EPS. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. On average, research analysts anticipate that Silgan Holdings Inc. will post 3.82 EPS for the current fiscal year.

Silgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.84 annualized dividend and a yield of 2.0%. Silgan’s dividend payout ratio is currently 32.94%.

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.