GAMMA Investing LLC Boosts Stake in Silgan Holdings Inc. $SLGN

GAMMA Investing LLC raised its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 39.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,008 shares of the industrial products company’s stock after buying an additional 844 shares during the quarter. GAMMA Investing LLC’s holdings in Silgan were worth $163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State of Michigan Retirement System grew its position in Silgan by 1.0% during the first quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company’s stock worth $992,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Silgan by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company’s stock worth $1,160,000 after purchasing an additional 200 shares during the last quarter. CX Institutional lifted its stake in Silgan by 26.2% during the second quarter. CX Institutional now owns 1,044 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 217 shares during the last quarter. Aristeia Capital L.L.C. lifted its stake in Silgan by 4.5% during the first quarter. Aristeia Capital L.L.C. now owns 5,733 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 245 shares during the last quarter. Finally, Independent Advisor Alliance lifted its stake in Silgan by 0.8% during the first quarter. Independent Advisor Alliance now owns 32,330 shares of the industrial products company’s stock worth $1,653,000 after purchasing an additional 266 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Stock Up 0.6%

SLGN stock opened at $42.77 on Tuesday. Silgan Holdings Inc. has a fifty-two week low of $41.29 and a fifty-two week high of $58.14. The business’s 50 day moving average price is $46.44 and its two-hundred day moving average price is $50.62. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.96. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.10 and a beta of 0.71.

Silgan (NYSE:SLGN) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). Silgan had a return on equity of 19.98% and a net margin of 4.90%.The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the company posted $0.88 EPS. The firm’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 forecast that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

The company also recently announced 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 was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Silgan’s dividend payout ratio is 28.47%.

Insider Buying and Selling at Silgan

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $46.70, for a total transaction of $513,700.00. Following the transaction, the executive vice president owned 142,378 shares in the company, valued at approximately $6,649,052.60. This represents a 7.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company lifted their price target on Silgan from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Bank of America raised Silgan from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th. Royal Bank Of Canada dropped their price target on Silgan from $64.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Truist Financial lifted their price objective on Silgan from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, Raymond James Financial decreased their price objective on Silgan from $64.00 to $60.00 and set a “strong-buy” rating on the stock in a 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. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $62.22.

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.