Silgan Holdings Inc. (NYSE:SLGN) Short Interest Update

Silgan Holdings Inc. (NYSE:SLGN) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 7,610,000 shares, a growth of 38.9% from the September 30th total of 5,480,000 shares. Based on an average daily trading volume, of 1,200,000 shares, the short-interest ratio is presently 6.3 days. Currently, 8.6% of the shares of the company are sold short. Currently, 8.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,200,000 shares, the short-interest ratio is presently 6.3 days.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Silgan in a research report on Wednesday, October 8th. Citigroup cut their price objective on Silgan from $60.00 to $49.00 and set a “buy” rating on the stock in a research note on Friday. Raymond James Financial set a $53.00 price objective on shares of Silgan and gave the stock an “outperform” rating in a research note on Friday, October 17th. Truist Financial cut their target price on shares of Silgan from $62.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company decreased their price target on Silgan from $55.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.22.

Silgan Stock Up 0.6%

Shares of SLGN traded up $0.22 during mid-day trading on Monday, hitting $38.84. 2,133,071 shares of the company’s stock were exchanged, compared to its average volume of 916,727. Silgan has a twelve month low of $36.15 and a twelve month high of $58.14. The firm has a fifty day moving average of $43.58 and a two-hundred day moving average of $49.54. The company has a quick ratio of 0.56, a current ratio of 0.50 and a debt-to-equity ratio of 1.40. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 1.27 and a beta of 0.69.

Silgan (NYSE:SLGN) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.01. Silgan had a net margin of 4.91% and a return on equity of 19.47%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. On average, sell-side analysts forecast that Silgan will post 4.11 earnings per share for the current year.

Silgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. Silgan’s dividend payout ratio is currently 27.21%.

Insiders Place Their Bets

In other news, CEO Adam J. Greenlee acquired 7,000 shares of Silgan stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $38.19 per share, with a total value of $267,330.00. Following the completion of the acquisition, the chief executive officer owned 328,164 shares in the company, valued at $12,532,583.16. This trade represents a 2.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert B. Lewis sold 11,000 shares of Silgan stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $46.70, for a total transaction of $513,700.00. Following the transaction, the executive vice president owned 142,378 shares of the company’s stock, valued at approximately $6,649,052.60. The trade was a 7.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.13% of the company’s stock.

Hedge Funds Weigh In On Silgan

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. bought a new position in shares of Silgan in the second quarter valued at approximately $61,303,000. Norges Bank acquired a new position in shares of Silgan in the 2nd quarter valued at $48,626,000. William Blair Investment Management LLC bought a new position in shares of Silgan in the 2nd quarter worth $29,053,000. Wellington Management Group LLP grew its position in shares of Silgan by 18.5% during the 1st quarter. Wellington Management Group LLP now owns 2,868,870 shares of the industrial products company’s stock worth $146,657,000 after buying an additional 448,828 shares during the period. Finally, Nuveen LLC acquired a new position in Silgan during the first quarter valued at approximately $15,638,000. 70.25% of the stock is owned by institutional investors.

About Silgan

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.