Deutsche Bank AG Purchases Shares of 79,050 Silgan Holdings Inc. $SLGN

Deutsche Bank AG acquired a new position in shares of Silgan Holdings Inc. (NYSE:SLGN) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 79,050 shares of the industrial products company’s stock, valued at approximately $3,667,000.

A number of other large investors have also recently made changes to their positions in SLGN. Fuller & Thaler Asset Management Inc. raised its position in Silgan by 177.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,400,088 shares of the industrial products company’s stock worth $137,262,000 after buying an additional 2,174,028 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Silgan by 22.1% during the fourth quarter. JPMorgan Chase & Co. now owns 9,274,095 shares of the industrial products company’s stock worth $374,395,000 after purchasing an additional 1,676,760 shares during the last quarter. Bank of America Corp DE lifted its position in Silgan by 131.9% during the third quarter. Bank of America Corp DE now owns 2,027,845 shares of the industrial products company’s stock valued at $87,218,000 after purchasing an additional 1,153,253 shares during the period. Wellington Management Group LLP boosted its holdings in Silgan by 25.8% in the third quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company’s stock valued at $241,071,000 after purchasing an additional 1,148,044 shares during the last quarter. Finally, Millennium Management LLC grew its position in Silgan by 1,609.6% during the 3rd quarter. Millennium Management LLC now owns 961,540 shares of the industrial products company’s stock worth $41,356,000 after purchasing an additional 905,296 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

Silgan Stock Up 0.4%

SLGN stock opened at $42.67 on Wednesday. Silgan Holdings Inc. has a one year low of $35.68 and a one year high of $49.55. The firm has a market cap of $4.51 billion, a PE ratio of 16.73, a PEG ratio of 2.47 and a beta of 0.68. The firm’s 50 day moving average price is $43.76 and its 200-day moving average price is $42.31. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.80 and a current ratio of 1.27.

Silgan (NYSE:SLGN) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. On average, equities research analysts anticipate that Silgan Holdings Inc. will post 3.82 EPS for the current year.

Silgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Silgan’s dividend payout ratio (DPR) is presently 32.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SLGN shares. Truist Financial reduced their target price on shares of Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. UBS Group set a $47.00 price objective on shares of Silgan and gave the company a “neutral” rating in a research note on Thursday, July 30th. Citigroup cut their price objective on shares of Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 30th. JPMorgan Chase & Co. lowered their target price on Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, BMO Capital Markets assumed coverage on Silgan in a research report on Thursday, July 16th. They set an “outperform” rating and a $57.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

About Silgan

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.