Geode Capital Management LLC Purchases 31,405 Shares of Silgan Holdings Inc. $SLGN

Geode Capital Management LLC lifted its position in Silgan Holdings Inc. (NYSE:SLGN) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,744,745 shares of the industrial products company’s stock after acquiring an additional 31,405 shares during the period. Geode Capital Management LLC owned 1.65% of Silgan worth $70,449,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SLGN. Royal Bank of Canada raised its position in shares of Silgan by 1.2% in the 1st quarter. Royal Bank of Canada now owns 43,734 shares of the industrial products company’s stock worth $2,235,000 after acquiring an additional 510 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Silgan by 94.7% in the 1st quarter. AQR Capital Management LLC now owns 89,117 shares of the industrial products company’s stock worth $4,477,000 after acquiring an additional 43,338 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Silgan in the 1st quarter worth approximately $54,000. NewEdge Advisors LLC raised its position in shares of Silgan by 332.3% in the 1st quarter. NewEdge Advisors LLC now owns 6,459 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 4,965 shares in the last quarter. Finally, United Services Automobile Association bought a new position in shares of Silgan in the 1st quarter worth approximately $264,000. Institutional investors own 70.25% of the company’s stock.

Silgan Price Performance

Shares of NYSE:SLGN opened at $36.70 on Tuesday. Silgan Holdings Inc. has a 1-year low of $35.68 and a 1-year high of $57.04. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.26 and a quick ratio of 0.78. The business has a fifty day moving average price of $39.07 and a 200-day moving average price of $41.41. The company has a market capitalization of $3.88 billion, a PE ratio of 13.80, a PEG ratio of 2.10 and a beta of 0.71.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. Silgan had a return on equity of 17.22% and a net margin of 4.31%.The company’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.69 EPS. 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 analysts expect that Silgan Holdings Inc. will post 3.78 EPS for the current fiscal year.

Silgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.21 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.84 annualized dividend and a dividend yield of 2.3%. Silgan’s payout ratio is currently 31.58%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SLGN. UBS Group cut their price target on Silgan from $46.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Royal Bank Of Canada upped their price target on Silgan from $48.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Silgan in a research note on Wednesday, April 1st. They issued a “buy” rating and a $52.00 target price on the stock. Truist Financial reduced their price target on Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Citigroup reduced their price target on Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Six 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 an average price target of $51.56.

Silgan 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.