Silgan Holdings Inc. $SLGN Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 93.7% during the 3rd quarter, Holdings Channel reports. The firm owned 8,413 shares of the industrial products company’s stock after selling 124,905 shares during the quarter. State of Alaska Department of Revenue’s holdings in Silgan were worth $292,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SLGN. Buckland Partners Management Co LLC bought a new stake in Silgan during the second quarter worth $6,439,000. Bank of America Corp DE purchased a new position in Silgan in the second quarter worth $101,368,000. Quantinno Capital Management LP boosted its position in Silgan by 15.1% in the first quarter. Quantinno Capital Management LP now owns 179,341 shares of the industrial products company’s stock worth $6,958,000 after purchasing an additional 23,485 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Silgan in the 2nd quarter valued at $1,291,000. Finally, Kingsview Wealth Management LLC bought a new position in Silgan in the 2nd quarter valued at $4,046,000. 70.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SLGN. Raymond James Financial reaffirmed an “outperform” rating and set a $59.00 target price on shares of Silgan in a research report on Wednesday, July 15th. BMO Capital Markets started coverage on shares of Silgan in a report on Thursday, July 16th. They issued an “outperform” rating and a $57.00 price target on the stock. Royal Bank Of Canada set a $47.00 price target on shares of Silgan and gave the stock an “outperform” rating in a report on Tuesday, October 13th. 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 research report on Tuesday, July 14th. Finally, Weiss Ratings downgraded shares of Silgan from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.40.

Silgan Trading Down 0.5%

NYSE:SLGN opened at $39.09 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.80 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $4.13 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. The firm’s 50 day moving average is $38.53 and its 200 day moving average is $41.44. Silgan Holdings Inc. has a 12 month low of $33.70 and a 12 month high of $49.55.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Silgan had a return on equity of 16.74% and a net margin of 4.05%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. Silgan’s revenue for the quarter was up 6.8% on a year-over-year basis. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. Sell-side analysts expect that Silgan Holdings Inc. will post 3.81 earnings per share for the current year.

Silgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.84 annualized dividend and a dividend yield of 2.1%. Silgan’s dividend payout ratio is presently 32.94%.

About Silgan

Silgan Holdings Inc (NYSE: SLGN) is a manufacturer of rigid packaging products used by consumer goods companies. The company produces metal containers, plastic containers and specialty closures for food, beverage, personal care, household, healthcare, industrial and other products.

Silgan’s metal packaging business supplies cans and containers for food, pet food, paint, chemicals, aerosols and other applications. Its plastic packaging operations manufacture bottles, tubs and other containers, while its closures business produces metal and plastic caps, lids and dispensing systems for a range of consumer and industrial products.

Founded in 1987, Silgan serves customers primarily across North America and Europe through a network of manufacturing facilities.