Massachusetts Financial Services Co. MA Buys 55,288 Shares of Silgan Holdings Inc. $SLGN

Massachusetts Financial Services Co. MA boosted its stake in Silgan Holdings Inc. (NYSE:SLGN) by 7.2% in the third quarter, HoldingsChannel reports. The firm owned 825,057 shares of the industrial products company’s stock after acquiring an additional 55,288 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Silgan were worth $35,486,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its position in shares of Silgan by 174.6% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the industrial products company’s stock worth $27,000 after buying an additional 316 shares during the period. Hantz Financial Services Inc. boosted its stake in Silgan by 359.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 634 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 496 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Silgan by 627.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 577 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Silgan during the second quarter valued at approximately $40,000. Finally, CX Institutional increased its stake 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 purchasing an additional 217 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Insider Buying and Selling at Silgan

In other Silgan news, CEO Adam J. Greenlee purchased 7,000 shares of the business’s stock in a transaction on Friday, October 31st. The shares were purchased at an average cost of $38.19 per share, with a total value of $267,330.00. Following the transaction, the chief executive officer directly owned 328,164 shares of the company’s stock, valued at $12,532,583.16. This represents a 2.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Kimberly Irene Ulmer acquired 1,000 shares of Silgan stock in a transaction dated Friday, November 7th. The shares were acquired at an average price of $38.11 per share, with a total value of $38,110.00. Following the completion of the purchase, the chief accounting officer owned 105,321 shares in the company, valued at approximately $4,013,783.31. The trade was a 0.96% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SLGN. Zacks Research raised shares of Silgan from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Raymond James Financial reiterated a “market perform” rating on shares of Silgan in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Silgan in a report on Monday, December 29th. Citigroup cut their price objective on Silgan from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Finally, Wells Fargo & Company lowered their target price on Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Seven investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Silgan Stock Up 1.8%

Shares of Silgan stock opened at $42.79 on Thursday. The firm has a market cap of $4.52 billion, a PE ratio of 14.56, a P/E/G ratio of 1.87 and a beta of 0.72. The business’s 50 day simple moving average is $40.35 and its 200 day simple moving average is $43.94. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.85 and a current ratio of 1.27. Silgan Holdings Inc. has a 52-week low of $36.15 and a 52-week high of $57.61.

Silgan (NYSE:SLGN) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.01. Silgan had a return on equity of 19.47% and a net margin of 4.91%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. The business’s revenue was up 15.2% on a year-over-year basis. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS and its FY 2025 guidance at 3.660-3.76 EPS. On average, analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Silgan’s dividend payout ratio (DPR) is 27.21%.

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.