Public Employees Retirement System of Ohio Purchases 3,947 Shares of Silgan Holdings Inc. $SLGN

Public Employees Retirement System of Ohio raised its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,939 shares of the industrial products company’s stock after purchasing an additional 3,947 shares during the period. Public Employees Retirement System of Ohio owned about 0.11% of Silgan worth $6,173,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Silgan by 39.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,008 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 844 shares in the last quarter. CX Institutional grew its stake in Silgan by 26.2% during the 2nd quarter. CX Institutional now owns 1,044 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 217 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Silgan by 40.9% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,900 shares of the industrial products company’s stock valued at $2,649,000 after acquiring an additional 14,200 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Silgan by 21.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,400 shares of the industrial products company’s stock worth $476,000 after purchasing an additional 1,497 shares during the period. Finally, RDA Financial Network lifted its holdings in Silgan by 71.9% in the second quarter. RDA Financial Network now owns 8,124 shares of the industrial products company’s stock valued at $440,000 after acquiring an additional 3,399 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

SLGN has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price objective on Silgan from $64.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Bank of America upgraded Silgan from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $53.00 to $57.00 in a research report on Thursday, August 28th. Wells Fargo & Company boosted their price objective on Silgan from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Truist Financial raised their target price on Silgan from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Raymond James Financial lowered their price target on shares of Silgan from $64.00 to $60.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $62.22.

Insider Activity

In other news, EVP Robert B. Lewis sold 11,000 shares of Silgan stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $46.70, for a total transaction of $513,700.00. Following the sale, the executive vice president owned 142,378 shares in the company, valued at approximately $6,649,052.60. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.13% of the company’s stock.

Silgan Trading Up 2.4%

NYSE:SLGN opened at $42.52 on Monday. Silgan Holdings Inc. has a 12-month low of $41.29 and a 12-month high of $58.14. The firm has a market cap of $4.55 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.10 and a beta of 0.71. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 1.40. The stock has a fifty day moving average price of $46.69 and a 200 day moving average price of $50.67.

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

Silgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Silgan’s dividend payout ratio (DPR) is presently 28.47%.

About Silgan

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.