UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 26,960 Shares of Silgan Holdings Inc. $SLGN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 14.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 163,212 shares of the industrial products company’s stock after selling 26,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Silgan were worth $7,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC bought a new stake in Silgan in the 2nd quarter worth approximately $4,046,000. Public Employees Retirement System of Ohio bought a new position in shares of Silgan during the 2nd quarter valued at approximately $1,291,000. Corient Private Wealth LP purchased a new position in shares of Silgan in the second quarter valued at $679,000. Bank of America Corp DE purchased a new position in shares of Silgan in the second quarter valued at $101,368,000. Finally, Jupiter Topco LLC bought a new stake in Silgan in the second quarter worth $62,526,000. 70.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group set a $47.00 price objective on shares of Silgan and gave the company a “neutral” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Bank of America increased their price target on shares of Silgan from $53.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Raymond James Financial reissued an “outperform” rating and set a $59.00 price objective on shares of Silgan in a research note on Wednesday, July 15th. Finally, BMO Capital Markets assumed coverage on Silgan in a research report on Thursday, July 16th. They set an “outperform” rating and a $57.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

Silgan Price Performance

Shares of SLGN stock opened at $41.23 on Tuesday. Silgan Holdings Inc. has a 52-week low of $35.68 and a 52-week high of $49.55. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.80 and a current ratio of 1.27. The firm has a market capitalization of $4.36 billion, a P/E ratio of 16.17, a P/E/G ratio of 2.40 and a beta of 0.68. The stock has a 50 day moving average price of $43.43 and a 200 day moving average price of $41.87.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Silgan had a return on equity of 16.74% and a net margin of 4.05%.Silgan’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. As a group, sell-side analysts predict that Silgan Holdings Inc. will post 3.82 earnings per share for the current year.

Silgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.21 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.0%. Silgan’s dividend payout ratio is presently 32.94%.

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.