ProShare Advisors LLC Raises Stock Position in Silgan Holdings Inc. $SLGN

ProShare Advisors LLC raised its position in Silgan Holdings Inc. (NYSE:SLGN) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 647,323 shares of the industrial products company’s stock after purchasing an additional 66,192 shares during the quarter. ProShare Advisors LLC owned about 0.61% of Silgan worth $35,072,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Zurich Insurance Group Ltd FI purchased a new position in Silgan in the first quarter worth approximately $1,258,000. M&T Bank Corp raised its position in Silgan by 6.9% in the first quarter. M&T Bank Corp now owns 18,135 shares of the industrial products company’s stock valued at $927,000 after purchasing an additional 1,165 shares during the period. Arete Wealth Advisors LLC acquired a new position in shares of Silgan in the 1st quarter valued at $626,000. Principal Financial Group Inc. grew its holdings in shares of Silgan by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 186,827 shares of the industrial products company’s stock worth $9,551,000 after purchasing an additional 648 shares during the period. Finally, Drake & Associates LLC increased its position in shares of Silgan by 63.5% during the 2nd quarter. Drake & Associates LLC now owns 53,011 shares of the industrial products company’s stock worth $2,872,000 after purchasing an additional 20,585 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

SLGN has been the topic of a number of recent analyst reports. Zacks Research cut shares of Silgan from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Truist Financial reduced their price target on shares of Silgan from $62.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Wells Fargo & Company lowered their price objective on shares of Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Silgan in a research report on Wednesday, October 8th. Finally, Raymond James Financial set a $53.00 price objective on shares of Silgan and gave the company an “outperform” rating in a report on Friday, October 17th. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.22.

Silgan Trading Up 2.2%

NYSE:SLGN opened at $38.97 on Wednesday. Silgan Holdings Inc. has a 1 year low of $36.15 and a 1 year high of $58.14. The stock has a market cap of $4.12 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.27 and a beta of 0.67. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.56 and a current ratio of 0.50. The stock has a 50-day simple moving average of $42.47 and a 200-day simple moving average of $48.96.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.01. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.94 billion. Silgan had a return on equity of 19.47% and a net margin of 4.91%.The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $1.21 EPS. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. As a group, analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, December 1st. Silgan’s payout ratio is currently 27.21%.

Insider Activity

In other Silgan news, EVP Robert B. Lewis sold 11,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $46.70, for a total value of $513,700.00. Following the completion of the transaction, the executive vice president owned 142,378 shares in the company, valued at $6,649,052.60. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Kimberly Irene Ulmer acquired 1,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $38.11 per share, for a total transaction of $38,110.00. Following the acquisition, the chief accounting officer owned 105,321 shares of the company’s stock, valued at approximately $4,013,783.31. The trade was a 0.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.13% of the company’s stock.

Silgan Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.