Silgan Holdings Inc. $SLGN Stock Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 250,955 shares of the industrial products company’s stock after selling 15,876 shares during the quarter. Leeward Investments LLC MA’s holdings in Silgan were worth $8,721,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Silgan in the second quarter valued at approximately $369,406,000. Bank of America Corp DE acquired a new position in shares of Silgan during the 2nd quarter worth approximately $101,368,000. Jupiter Topco LLC acquired a new position in shares of Silgan during the 2nd quarter worth approximately $62,526,000. Atlas FRM LLC purchased a new position in shares of Silgan during the 2nd quarter valued at approximately $48,245,600. Finally, Bank of New York Mellon Corp purchased a new position in shares of Silgan during the 2nd quarter valued at approximately $38,851,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Silgan Price Performance

Shares of Silgan stock opened at $39.31 on Monday. The business has a 50 day simple moving average of $38.57 and a two-hundred day simple moving average of $40.46. Silgan Holdings Inc. has a 12 month low of $33.70 and a 12 month high of $49.55. The stock has a market capitalization of $4.15 billion, a P/E ratio of 15.41, a PEG ratio of 2.29 and a beta of 0.67. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.27 and a quick ratio of 0.80.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Silgan had a return on equity of 16.74% and a net margin of 4.05%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last 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. As a group, analysts predict that Silgan Holdings Inc. will post 3.81 EPS for the current fiscal year.

Silgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Silgan’s dividend payout ratio is currently 32.94%.

Wall Street Analyst Weigh In

SLGN has been the topic of a number of research analyst reports. Citigroup dropped their price target on shares of Silgan from $54.00 to $49.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Weiss Ratings downgraded shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 13th. Royal Bank Of Canada set a $47.00 target price on shares of Silgan and gave the company an “outperform” rating in a research report on Tuesday, October 13th. Bank of America lifted their target price on shares of Silgan from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Truist Financial set a $45.00 target price on shares of Silgan and gave the stock a “buy” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.40.

About Silgan

Silgan Holdings Inc (NYSE: SLGN) is a manufacturer of rigid packaging products used by consumer goods companies. The company produces metal containers, plastic containers and specialty closures for food, beverage, personal care, household, healthcare, industrial and other products.

Silgan’s metal packaging business supplies cans and containers for food, pet food, paint, chemicals, aerosols and other applications. Its plastic packaging operations manufacture bottles, tubs and other containers, while its closures business produces metal and plastic caps, lids and dispensing systems for a range of consumer and industrial products.

Founded in 1987, Silgan serves customers primarily across North America and Europe through a network of manufacturing facilities.