Silgan Holdings Inc. $SLGN Stock Holdings Lowered by GW&K Investment Management LLC

GW&K Investment Management LLC reduced its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 28.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,766 shares of the industrial products company’s stock after selling 215,886 shares during the quarter. GW&K Investment Management LLC’s holdings in Silgan were worth $21,790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Franklin Resources Inc. raised its holdings in shares of Silgan by 17.2% in the 4th quarter. Franklin Resources Inc. now owns 95,136 shares of the industrial products company’s stock worth $3,841,000 after purchasing an additional 13,936 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Silgan by 22.1% in the 4th 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 in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Silgan in the 4th quarter worth approximately $5,290,000. Cibc World Market Inc. bought a new stake in shares of Silgan in the 4th quarter worth approximately $853,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Silgan by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 855,002 shares of the industrial products company’s stock worth $34,516,000 after purchasing an additional 4,884 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings downgraded shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Wells Fargo & Company reiterated an “overweight” rating and issued a $56.00 target price (up from $55.00) on shares of Silgan in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Silgan in a report on Wednesday, April 1st. They issued a “buy” rating and a $52.00 target price on the stock. Citigroup dropped their target price on shares of Silgan from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, UBS Group dropped their target price on shares of Silgan from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $51.56.

Silgan Stock Performance

Silgan stock opened at $39.44 on Thursday. The firm’s 50 day simple moving average is $39.11 and its 200-day simple moving average is $41.42. Silgan Holdings Inc. has a fifty-two week low of $35.68 and a fifty-two week high of $57.04. The company has a market cap of $4.17 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 2.22 and a beta of 0.71. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.26 and a quick ratio of 0.78.

Silgan (NYSE:SLGN) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. Silgan had a net margin of 4.31% and a return on equity of 17.22%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. As a group, equities research analysts predict that Silgan Holdings Inc. will post 3.78 EPS for the current year.

Silgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. Silgan’s payout ratio is presently 31.58%.

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.