27,831 Shares in Silgan Holdings Inc. $SLGN Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Silgan Holdings Inc. (NYSE:SLGN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,831 shares of the industrial products company’s stock, valued at approximately $1,291,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. purchased a new stake in shares of Silgan during the second quarter worth about $28,000. Allworth Financial LP purchased a new stake in Silgan in the 2nd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its stake in Silgan by 2,525.0% in the 4th 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 during the period. Measured Wealth Private Client Group LLC acquired a new position in Silgan in the 3rd quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Silgan by 627.2% during 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 during the period. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SLGN shares. BMO Capital Markets began coverage on Silgan in a research report on Thursday, July 16th. They issued an “outperform” rating and a $57.00 price objective for the company. UBS Group set a $47.00 target price on Silgan and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Bank of America lifted their price target on Silgan from $53.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings raised shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $59.00 price objective on shares of Silgan in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Silgan Stock Performance

NYSE SLGN opened at $39.29 on Wednesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.27 and a quick ratio of 0.80. Silgan Holdings Inc. has a 1-year low of $35.68 and a 1-year high of $49.55. The firm has a market capitalization of $4.15 billion, a P/E ratio of 15.41, a P/E/G ratio of 2.40 and a beta of 0.68. The business’s 50-day simple moving average is $43.29 and its 200-day simple moving average is $41.81.

Silgan (NYSE:SLGN) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. Equities analysts predict that Silgan Holdings Inc. will post 3.82 EPS for the current year.

Silgan Announces Dividend

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 $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 1st. Silgan’s dividend payout ratio (DPR) is currently 32.94%.

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.