Hsbc Holdings PLC Cuts Position in Silgan Holdings Inc. $SLGN

Hsbc Holdings PLC decreased its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 43.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,638 shares of the industrial products company’s stock after selling 7,431 shares during the period. Hsbc Holdings PLC’s holdings in Silgan were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SLGN. Millennium Management LLC grew its stake in shares of Silgan by 764.7% in the fourth quarter. Millennium Management LLC now owns 1,012,644 shares of the industrial products company’s stock worth $52,708,000 after acquiring an additional 895,528 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Silgan by 18.5% in the first quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company’s stock worth $146,657,000 after acquiring an additional 448,828 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Silgan by 36.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,515,582 shares of the industrial products company’s stock worth $78,885,000 after acquiring an additional 401,890 shares in the last quarter. Nuveen LLC acquired a new position in shares of Silgan in the first quarter worth $15,638,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Silgan by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,312,590 shares of the industrial products company’s stock worth $169,334,000 after acquiring an additional 250,577 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Insider Transactions at Silgan

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were 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 in the company, valued at $6,649,052.60. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.13% of the stock is owned by corporate insiders.

Silgan Stock Performance

NYSE SLGN opened at $46.88 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.56. Silgan Holdings Inc. has a 1 year low of $44.37 and a 1 year high of $58.14. The company has a market capitalization of $5.02 billion, a PE ratio of 16.68, a P/E/G ratio of 1.22 and a beta of 0.71. The company has a fifty day moving average of $51.14 and a two-hundred day moving average of $51.91.

Silgan (NYSE:SLGN) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.02). Silgan had a net margin of 4.90% and a return on equity of 19.98%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The business’s revenue was up 11.4% on a year-over-year basis. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. As a group, analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 2nd. Silgan’s dividend payout ratio is currently 28.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SLGN shares. Citigroup boosted their price target on shares of Silgan from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Truist Financial boosted their target price on shares of Silgan from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Bank of America upgraded shares of Silgan from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th. Wells Fargo & Company boosted their target price on shares of Silgan from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada lowered their target price on shares of Silgan from $64.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $62.22.

Silgan Company 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.