Silgan Holdings Inc. $SLGN Shares Bought by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. grew its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 26.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 42,995 shares of the industrial products company’s stock after buying an additional 8,938 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Silgan were worth $2,198,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its position in shares of Silgan by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the industrial products company’s stock worth $1,160,000 after purchasing an additional 200 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Silgan by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 19,400 shares of the industrial products company’s stock worth $992,000 after acquiring an additional 200 shares in the last quarter. CX Institutional boosted its stake in Silgan by 26.2% in the second quarter. CX Institutional now owns 1,044 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 217 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Silgan by 0.4% during the second quarter. Janney Montgomery Scott LLC now owns 50,156 shares of the industrial products company’s stock worth $2,717,000 after purchasing an additional 223 shares during the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Silgan by 3.9% in the 2nd quarter. Atria Investments Inc now owns 6,241 shares of the industrial products company’s stock valued at $338,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Insider Buying and Selling at Silgan

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

Silgan Trading Down 0.0%

Shares of SLGN opened at $38.19 on Monday. Silgan Holdings Inc. has a 1-year low of $36.15 and a 1-year high of $58.14. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.50 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $42.79 and a 200-day simple moving average of $49.14. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67.

Silgan (NYSE:SLGN) last released its quarterly 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 company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.94 billion. Silgan had a return on equity of 19.47% and a net margin of 4.91%.Silgan’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 earnings per share. Silgan has set its Q4 2025 guidance at 0.620-0.72 EPS. FY 2025 guidance at 3.660-3.76 EPS. Equities analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.20 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 2.1%. Silgan’s payout ratio is 27.21%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Bank of America upgraded Silgan from a “neutral” rating to a “buy” rating and raised their price target for the stock from $53.00 to $57.00 in a research note on Thursday, August 28th. 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 report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Silgan in a research note on Wednesday, October 8th. Royal Bank Of Canada dropped their price target on shares of Silgan from $64.00 to $57.00 and set an “outperform” rating on the stock in a research note on Friday, August 1st. Finally, Zacks Research cut shares of Silgan from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.22.

Silgan Company 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.