Bernzott Capital Advisors Sells 17,453 Shares of Silgan Holdings Inc. $SLGN

Bernzott Capital Advisors trimmed its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 8.6% in the 1st quarter, HoldingsChannel reports. The firm owned 185,809 shares of the industrial products company’s stock after selling 17,453 shares during the quarter. Silgan makes up about 3.5% of Bernzott Capital Advisors’ portfolio, making the stock its 9th biggest position. Bernzott Capital Advisors’ holdings in Silgan were worth $7,209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SLGN. EverSource Wealth Advisors LLC increased its stake in 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. Caitong International Asset Management Co. Ltd raised its holdings in Silgan by 2,525.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock worth $30,000 after buying an additional 707 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Silgan during the third quarter valued at about $33,000. Danske Bank A S boosted its holdings in shares of Silgan by 233.3% in the fourth quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock worth $40,000 after buying an additional 700 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Silgan in the first quarter worth about $54,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SLGN shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Silgan in a report on Wednesday, April 1st. They set a “buy” rating and a $52.00 price target on the stock. Weiss Ratings cut shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Truist Financial cut their target price on shares of Silgan from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. UBS Group reduced their target price on Silgan from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $56.00 target price (up from $55.00) on shares of Silgan in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.78.

Silgan Trading Up 0.0%

Shares of NYSE:SLGN opened at $44.02 on Friday. The firm has a fifty day moving average of $40.59 and a two-hundred day moving average of $42.05. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 1.58. Silgan Holdings Inc. has a 12-month low of $35.68 and a 12-month high of $56.85. The firm has a market capitalization of $4.65 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 2.52 and a beta of 0.66.

Silgan (NYSE:SLGN) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share for the quarter, topping 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 business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business posted $0.69 earnings per share. Silgan’s revenue for the quarter was up 6.4% compared to the same quarter last year. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. On average, equities analysts expect that Silgan Holdings Inc. will post 3.78 EPS for the current fiscal year.

Silgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. Silgan’s dividend payout ratio is presently 31.58%.

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.