Kingsview Wealth Management LLC Purchases Shares of 87,220 Silgan Holdings Inc. $SLGN

Kingsview Wealth Management LLC purchased a new stake in Silgan Holdings Inc. (NYSE:SLGN) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 87,220 shares of the industrial products company’s stock, valued at approximately $4,046,000. Kingsview Wealth Management LLC owned 0.08% of Silgan as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in 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 during the period. BlackRock Inc. bought a new position in Silgan during the 2nd quarter worth about $369,406,000. Wellington Management Group LLP raised its stake in shares of Silgan by 25.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company’s stock valued at $241,071,000 after purchasing an additional 1,148,044 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Silgan by 11.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,893,768 shares of the industrial products company’s stock valued at $189,871,000 after purchasing an additional 505,813 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Silgan by 0.7% in the second quarter. State Street Corp now owns 3,646,093 shares of the industrial products company’s stock valued at $197,545,000 after purchasing an additional 23,734 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

Silgan Price Performance

Shares of NYSE SLGN opened at $42.07 on Friday. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 2.43 and a beta of 0.68. The business has a 50-day moving average of $43.79 and a 200-day moving average of $42.22. 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 fifty-two week low of $35.68 and a fifty-two week high of $49.55.

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 analysts’ consensus estimates of $0.96 by $0.02. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the business earned $1.01 earnings per share. Silgan’s quarterly revenue was up 6.8% on a year-over-year basis. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. As a group, sell-side analysts predict that Silgan Holdings Inc. will post 3.82 earnings per share for the current fiscal year.

Silgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.84 annualized dividend and a dividend yield of 2.0%. Silgan’s payout ratio is 32.94%.

Wall Street Analyst Weigh In

SLGN has been the subject of a number of research reports. BMO Capital Markets initiated coverage on Silgan in a report on Thursday, July 16th. They set an “outperform” rating and a $57.00 price objective for the company. Royal Bank Of Canada upgraded Silgan from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $51.00 to $58.00 in a research note on Thursday, August 13th. Raymond James Financial reaffirmed an “outperform” rating and set a $59.00 price target on shares of Silgan in a research report on Wednesday, July 15th. UBS Group set a $47.00 price target on shares of Silgan and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, Bank of America lifted their price objective on shares of Silgan from $53.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. One investment 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. Based on data from MarketBeat, Silgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

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.