Norges Bank Takes Position in Silgan Holdings Inc. $SLGN

Norges Bank purchased a new position in shares of Silgan Holdings Inc. (NYSE:SLGN) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 763,275 shares of the industrial products company’s stock, valued at approximately $30,813,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in Silgan during the 3rd quarter worth about $33,000. EverSource Wealth Advisors LLC increased its stake in shares of Silgan by 627.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 577 shares during the last quarter. Danske Bank A S increased its stake in shares of Silgan by 233.3% in the 4th quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 700 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Silgan by 37.4% in the 4th quarter. Fifth Third Bancorp now owns 1,084 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 295 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Silgan during the 1st quarter worth approximately $54,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SLGN. Wells Fargo & Company reissued an “overweight” rating and set a $56.00 target price (up from $55.00) on shares of Silgan in a research note on Thursday, April 30th. Royal Bank Of Canada increased their price objective on Silgan from $48.00 to $49.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Weiss Ratings cut Silgan from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft started coverage on Silgan in a research note on Wednesday, April 1st. They issued a “buy” rating and a $52.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on Silgan from $53.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Silgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.56.

Silgan Price Performance

Silgan stock opened at $38.76 on Wednesday. The stock’s 50 day moving average is $39.08 and its 200 day moving average is $41.41. 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 firm has a market cap of $4.10 billion, a P/E ratio of 14.57, a P/E/G ratio of 2.10 and a beta of 0.71. Silgan Holdings Inc. has a one year low of $35.68 and a one year high of $57.04.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.51 billion. Silgan had a return on equity of 17.22% and a net margin of 4.31%.The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. 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, research analysts expect that Silgan Holdings Inc. will post 3.78 EPS for the current year.

Silgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, June 1st. Silgan’s 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.