Louisiana State Employees Retirement System Acquires Shares of 25,400 Silgan Holdings Inc. $SLGN

Louisiana State Employees Retirement System bought a new position in Silgan Holdings Inc. (NYSE:SLGN) during the first quarter, Holdings Channel.com reports. The institutional investor bought 25,400 shares of the industrial products company’s stock, valued at approximately $986,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in Silgan by 627.2% during the second quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock worth $36,000 after buying an additional 577 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 valued at $30,000 after acquiring an additional 707 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Silgan in the third quarter valued at about $33,000. Danske Bank A S grew 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 valued at $40,000 after purchasing an additional 700 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Silgan during the first quarter worth about $54,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Silgan Price Performance

SLGN stock opened at $46.34 on Friday. The business’s fifty day moving average price is $40.13 and its 200 day moving average price is $41.93. Silgan Holdings Inc. has a 12-month low of $35.68 and a 12-month high of $57.04. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $4.90 billion, a PE ratio of 17.42, a P/E/G ratio of 2.66 and a beta of 0.66.

Silgan (NYSE:SLGN) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Silgan had a return on equity of 17.22% and a net margin of 4.31%.Silgan’s revenue for the quarter was up 6.4% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Silgan Holdings Inc. will post 3.78 EPS for the current year.

Silgan Announces Dividend

The firm also recently declared 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 1.8%. The ex-dividend date of this dividend was Monday, June 1st. Silgan’s dividend payout ratio (DPR) is currently 31.58%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SLGN. Truist Financial reduced 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. Weiss Ratings lowered Silgan from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft started coverage on Silgan in a research note on Wednesday, April 1st. They set a “buy” rating and a $52.00 target price for the company. Citigroup cut their price objective on Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Silgan presently has an average rating of “Moderate Buy” and a consensus 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.