Mutual of America Capital Management LLC Sells 1,335 Shares of Silgan Holdings Inc. $SLGN

Mutual of America Capital Management LLC cut its position in Silgan Holdings Inc. (NYSE:SLGN) by 3.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,438 shares of the industrial products company’s stock after selling 1,335 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Silgan were worth $2,191,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group grew its stake in shares of Silgan by 4,394.1% during the first quarter. Brooklyn Investment Group now owns 764 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 747 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Silgan in the first quarter valued at approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Silgan in the first quarter valued at approximately $54,000. CX Institutional boosted its position in Silgan by 26.2% in the second quarter. CX Institutional now owns 1,044 shares of the industrial products company’s stock valued at $57,000 after buying an additional 217 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in Silgan in the first quarter valued at approximately $116,000. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wells Fargo & Company set a $55.00 price target on Silgan and gave the company an “overweight” rating in a report on Wednesday, October 15th. Royal Bank Of Canada decreased their price target on Silgan from $64.00 to $57.00 and set an “outperform” rating for the company in a report on Friday, August 1st. Truist Financial decreased their price target on Silgan from $67.00 to $62.00 and set a “buy” rating for the company in a report on Monday, October 13th. Bank of America raised Silgan from a “neutral” rating to a “buy” rating and upped their target price for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th. Finally, Raymond James Financial set a $53.00 target price on Silgan and gave the stock an “outperform” rating in a research note on Friday, October 17th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Silgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.11.

Silgan Price Performance

SLGN opened at $44.57 on Friday. The stock’s 50-day moving average price is $44.10 and its 200 day moving average price is $49.80. Silgan Holdings Inc. has a 12-month low of $41.29 and a 12-month high of $58.14. 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 firm has a market cap of $4.77 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.39 and a beta of 0.69.

Silgan (NYSE:SLGN) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the business earned $0.88 EPS. Silgan’s revenue for the quarter 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, sell-side analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. Silgan’s payout ratio is 28.47%.

Insider Buying and Selling at Silgan

In related news, EVP Robert B. Lewis sold 11,000 shares of Silgan stock in a transaction 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 completion of the transaction, the executive vice president directly owned 142,378 shares of the company’s stock, valued at approximately $6,649,052.60. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.13% of the stock is currently owned by company insiders.

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.