California State Teachers Retirement System Buys 17,655 Shares of Silgan Holdings Inc. $SLGN

California State Teachers Retirement System grew its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 20.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,983 shares of the industrial products company’s stock after purchasing an additional 17,655 shares during the period. California State Teachers Retirement System’s holdings in Silgan were worth $4,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its holdings in Silgan by 2,525.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 707 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Silgan in the 3rd quarter worth $33,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Silgan by 627.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 577 shares in the last quarter. Danske Bank A S grew its position in Silgan by 233.3% in the 4th quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 700 shares during the period. Finally, Fifth Third Bancorp grew its position in Silgan by 37.4% in the 4th quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 295 shares during the period. Institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on SLGN shares. JPMorgan Chase & Co. lowered their price objective on shares of Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Truist Financial decreased 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. Raymond James Financial restated an “outperform” rating and issued a $59.00 target price on shares of Silgan in a report on Wednesday, July 15th. Weiss Ratings upgraded Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Finally, UBS Group set a $47.00 price objective on Silgan and gave the stock a “neutral” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.30.

Silgan Price Performance

Silgan stock opened at $41.70 on Friday. Silgan Holdings Inc. has a 52 week low of $35.68 and a 52 week high of $49.55. The company’s 50 day moving average price is $42.97 and its two-hundred day moving average price is $42.46. The company has a quick ratio of 0.33, a current ratio of 0.53 and a debt-to-equity ratio of 1.58. The stock has a market cap of $4.41 billion, a P/E ratio of 16.35, a P/E/G ratio of 2.42 and a beta of 0.68.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating 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%.Silgan’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company 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 analysts predict that Silgan Holdings Inc. will post 3.81 earnings per share for the current year.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid 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 is Tuesday, September 1st. Silgan’s payout ratio is presently 32.94%.

Silgan Company Profile

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.