Rhumbline Advisers Buys 27,509 Shares of Silgan Holdings Inc. $SLGN

Rhumbline Advisers grew its stake in Silgan Holdings Inc. (NYSE:SLGN) by 11.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,758 shares of the industrial products company’s stock after acquiring an additional 27,509 shares during the period. Rhumbline Advisers’ holdings in Silgan were worth $11,129,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of Silgan by 1.2% in the first quarter. Royal Bank of Canada now owns 43,734 shares of the industrial products company’s stock valued at $2,235,000 after purchasing an additional 510 shares during the period. AQR Capital Management LLC increased its holdings in Silgan by 94.7% during the 1st quarter. AQR Capital Management LLC now owns 89,117 shares of the industrial products company’s stock worth $4,477,000 after purchasing an additional 43,338 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Silgan during the 1st quarter valued at $54,000. NewEdge Advisors LLC lifted its holdings in shares of Silgan by 332.3% in the 1st quarter. NewEdge Advisors LLC now owns 6,459 shares of the industrial products company’s stock worth $330,000 after buying an additional 4,965 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Silgan during the 1st quarter worth $264,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Silgan Stock Down 0.5%

NYSE:SLGN opened at $47.98 on Friday. The company’s 50-day simple moving average is $43.45 and its 200-day simple moving average is $42.86. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.31 and a current ratio of 0.49. Silgan Holdings Inc. has a fifty-two week low of $36.15 and a fifty-two week high of $57.04. The stock has a market capitalization of $5.07 billion, a P/E ratio of 17.84, a P/E/G ratio of 2.06 and a beta of 0.72.

Silgan (NYSE:SLGN) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Silgan had a net margin of 4.45% and a return on equity of 17.94%. Silgan’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. On average, equities analysts anticipate that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SLGN. JPMorgan Chase & Co. lifted their price objective on Silgan from $44.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, February 9th. UBS Group reissued a “neutral” rating and set a $50.00 target price (up previously from $44.00) on shares of Silgan in a research report on Thursday, February 5th. Raymond James Financial reaffirmed a “market perform” rating on shares of Silgan in a research report on Thursday, January 15th. Wells Fargo & Company increased their price objective on shares of Silgan from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Citigroup reissued a “buy” rating and issued a $56.00 price objective (up previously from $47.00) on shares of Silgan in a research note on Friday, February 6th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.88.

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.