Silgan Holdings Inc. $SLGN Shares Acquired by AlphaQuest LLC

AlphaQuest LLC raised its holdings in shares of Silgan Holdings Inc. (NYSE:SLGNFree Report) by 352.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 14,119 shares of the industrial products company’s stock after purchasing an additional 10,998 shares during the quarter. AlphaQuest LLC’s holdings in Silgan were worth $607,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in shares of Silgan by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 26,912 shares of the industrial products company’s stock worth $1,157,000 after acquiring an additional 372 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Silgan by 23.9% during the third quarter. New York State Common Retirement Fund now owns 230,660 shares of the industrial products company’s stock worth $9,921,000 after purchasing an additional 44,466 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Silgan by 1.4% during the third quarter. Mutual of America Capital Management LLC now owns 41,012 shares of the industrial products company’s stock valued at $1,764,000 after purchasing an additional 574 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Silgan by 8.0% in the 3rd quarter. Retirement Systems of Alabama now owns 107,370 shares of the industrial products company’s stock valued at $4,618,000 after purchasing an additional 7,985 shares during the period. Finally, GHP Investment Advisors Inc. increased its stake in Silgan by 1.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 127,956 shares of the industrial products company’s stock worth $5,503,000 after purchasing an additional 1,896 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

More Silgan News

Here are the key news stories impacting Silgan this week:

Insider Activity

In other news, CAO Kimberly Irene Ulmer purchased 1,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of $38.11 per share, with a total value of $38,110.00. Following the purchase, the chief accounting officer owned 105,321 shares in the company, valued at $4,013,783.31. This represents a 0.96% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial set a $50.00 price objective on shares of Silgan and gave the company a “buy” rating in a research note on Tuesday, January 6th. Citigroup reduced their price target on shares of Silgan from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Royal Bank Of Canada cut shares of Silgan from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $49.00 to $43.00 in a research report on Thursday, January 15th. Raymond James Financial reissued a “market perform” rating on shares of Silgan in a research note on Thursday, January 15th. Finally, Wells Fargo & Company decreased their target price on Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Silgan has a consensus rating of “Moderate Buy” and a consensus price target of $50.38.

View Our Latest Research Report on Silgan

Silgan Stock Up 9.6%

SLGN stock opened at $47.97 on Thursday. The company has a 50 day moving average of $41.35 and a two-hundred day moving average of $43.12. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.94 and a beta of 0.72. Silgan Holdings Inc. has a 12-month low of $36.15 and a 12-month high of $57.04. The company has a quick ratio of 0.85, a current ratio of 1.27 and a debt-to-equity ratio of 1.68.

Silgan (NYSE:SLGNGet Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Silgan had a net margin of 4.91% and a return on equity of 19.47%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the business posted $0.85 earnings per share. Silgan’s revenue for the quarter was up 4.1% compared to the same quarter last year. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. On average, equities analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Silgan (NYSE:SLGN)

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