Silgan Holdings Inc. $SLGN Shares Bought by XTX Topco Ltd

XTX Topco Ltd grew its position in Silgan Holdings Inc. (NYSE:SLGN) by 294.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,750 shares of the industrial products company’s stock after acquiring an additional 30,426 shares during the period. XTX Topco Ltd’s holdings in Silgan were worth $2,208,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SLGN. Allianz Asset Management GmbH boosted its position in Silgan by 38.0% during the first quarter. Allianz Asset Management GmbH now owns 13,445 shares of the industrial products company’s stock worth $687,000 after purchasing an additional 3,700 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Silgan in the 1st quarter worth about $2,009,000. Inspire Advisors LLC purchased a new stake in shares of Silgan during the first quarter worth approximately $233,000. Mackenzie Financial Corp raised its position in shares of Silgan by 16.3% in the first quarter. Mackenzie Financial Corp now owns 12,070 shares of the industrial products company’s stock valued at $617,000 after buying an additional 1,695 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in Silgan by 39.8% during the 1st quarter. Federated Hermes Inc. now owns 10,290 shares of the industrial products company’s stock valued at $526,000 after acquiring an additional 2,927 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SLGN. Zacks Research cut Silgan from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Wells Fargo & Company reduced their price objective on Silgan from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Citigroup lowered 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, October 31st. UBS Group began coverage on Silgan in a research note on Monday. They issued a “neutral” rating and a $42.00 target price for the company. Finally, Bank of America upgraded Silgan from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $57.00 in a report on Thursday, August 28th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Silgan presently has an average rating of “Moderate Buy” and a consensus target price of $55.70.

Silgan Stock Performance

NYSE:SLGN opened at $39.56 on Thursday. Silgan Holdings Inc. has a fifty-two week low of $36.15 and a fifty-two week high of $58.14. 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 company has a 50 day moving average price of $41.22 and a 200 day moving average price of $47.85. The stock has a market capitalization of $4.18 billion, a P/E ratio of 13.46, a PEG 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 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.01. Silgan had a return on equity of 19.47% and a net margin of 4.91%.The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. The firm’s 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. Equities research analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, December 1st. Silgan’s dividend payout ratio (DPR) is 27.21%.

Insider Activity

In other Silgan news, CAO Kimberly Irene Ulmer purchased 1,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $38.11 per share, for a total transaction of $38,110.00. Following the completion of the purchase, the chief accounting officer directly owned 105,321 shares of the company’s stock, valued at approximately $4,013,783.31. This trade represents a 0.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam J. Greenlee purchased 7,000 shares of Silgan stock in a transaction dated Friday, October 31st. The shares were acquired at an average cost of $38.19 per share, for a total transaction of $267,330.00. Following the transaction, the chief executive officer directly owned 328,164 shares of the company’s stock, valued at approximately $12,532,583.16. This represents a 2.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.13% of the company’s stock.

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.