Citigroup Inc. Boosts Stake in Silgan Holdings Inc. $SLGN

Citigroup Inc. boosted its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 1,459.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 227,923 shares of the industrial products company’s stock after acquiring an additional 213,309 shares during the quarter. Citigroup Inc. owned about 0.22% of Silgan worth $9,803,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss National Bank boosted its position in shares of Silgan by 4.9% in the 2nd quarter. Swiss National Bank now owns 173,700 shares of the industrial products company’s stock worth $9,411,000 after buying an additional 8,100 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its position in Silgan by 238.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 69,504 shares of the industrial products company’s stock worth $3,766,000 after acquiring an additional 48,967 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Silgan by 7.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 825,057 shares of the industrial products company’s stock worth $35,486,000 after acquiring an additional 55,288 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Silgan by 26.9% in the second quarter. New York State Common Retirement Fund now owns 186,194 shares of the industrial products company’s stock valued at $10,088,000 after purchasing an additional 39,496 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its position in shares of Silgan by 26.2% in the first quarter. Summit Investment Advisors Inc. now owns 42,995 shares of the industrial products company’s stock valued at $2,198,000 after purchasing an additional 8,938 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Trading Up 1.2%

Shares of SLGN stock opened at $48.06 on Friday. The firm’s 50-day simple moving average is $44.34 and its 200-day simple moving average is $42.91. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.31. Silgan Holdings Inc. has a 1-year low of $36.15 and a 1-year high of $57.04. The firm has a market cap of $5.08 billion, a P/E ratio of 17.87, a PEG ratio of 2.05 and a beta of 0.72.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. Silgan had a net margin of 4.45% and a return on equity of 17.94%. Silgan’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. As a group, equities analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, March 17th. This is an increase from Silgan’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.7%. Silgan’s payout ratio is 29.74%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Truist Financial set a $50.00 price objective on Silgan and gave the company a “buy” rating in a research note on Tuesday, January 6th. UBS Group restated a “neutral” rating and issued a $50.00 target price (up from $44.00) on shares of Silgan in a report on Thursday, February 5th. Wells Fargo & Company lifted their price target on shares of Silgan from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Silgan in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Silgan from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Silgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.88.

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.