Silgan Holdings Inc. $SLGN Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 11.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,646,933 shares of the industrial products company’s stock after selling 209,368 shares during the period. Boston Trust Walden Corp’s holdings in Silgan were worth $89,231,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Silgan during the 1st quarter worth $51,000. Zurich Insurance Group Ltd FI purchased a new stake in shares of Silgan during the 1st quarter worth $1,258,000. M&T Bank Corp boosted its position in shares of Silgan by 6.9% during the 1st quarter. M&T Bank Corp now owns 18,135 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 1,165 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Silgan by 13.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,903 shares of the industrial products company’s stock worth $353,000 after purchasing an additional 815 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Silgan by 1.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 49,933 shares of the industrial products company’s stock worth $2,553,000 after purchasing an additional 695 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on SLGN. Royal Bank Of Canada decreased their target price on shares of Silgan from $64.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, August 1st. Raymond James Financial decreased their target price on shares of Silgan from $64.00 to $60.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 31st. Wells Fargo & Company boosted their price objective on shares of Silgan from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Truist Financial decreased their price objective on shares of Silgan from $67.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Silgan in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $61.67.

Silgan Price Performance

Silgan stock opened at $42.11 on Tuesday. Silgan Holdings Inc. has a 52 week low of $41.29 and a 52 week high of $58.14. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 1.40. The firm’s 50-day simple moving average is $44.60 and its 200 day simple moving average is $50.10. The firm has a market capitalization of $4.51 billion, a PE ratio of 14.99, a P/E/G ratio of 1.30 and a beta of 0.69.

Silgan (NYSE:SLGN) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.02). The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Silgan had a return on equity of 19.98% and a net margin of 4.90%.Silgan’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Silgan has set its Q3 2025 guidance at 1.180-1.280 EPS. FY 2025 guidance at 3.850-4.050 EPS. On average, equities research analysts predict that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, September 2nd. Silgan’s dividend payout ratio is 28.47%.

Insider Transactions at Silgan

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $46.70, for a total value of $513,700.00. Following the transaction, the executive vice president directly owned 142,378 shares in the company, valued at approximately $6,649,052.60. This represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.13% of the company’s stock.

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.