Silgan Holdings Inc. $SLGN Holdings Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 15.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 179,341 shares of the industrial products company’s stock after acquiring an additional 23,485 shares during the period. Quantinno Capital Management LP’s holdings in Silgan were worth $6,958,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Royal Bank of Canada boosted its position in shares of Silgan by 1.2% in the first quarter. Royal Bank of Canada now owns 43,734 shares of the industrial products company’s stock worth $2,235,000 after buying an additional 510 shares during the period. AQR Capital Management LLC raised its position in Silgan by 94.7% during the first quarter. AQR Capital Management LLC now owns 89,117 shares of the industrial products company’s stock valued at $4,477,000 after buying an additional 43,338 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Silgan in the 1st quarter worth about $54,000. NewEdge Advisors LLC lifted its stake in Silgan by 332.3% in the 1st quarter. NewEdge Advisors LLC now owns 6,459 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 4,965 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in Silgan during the 1st quarter worth about $264,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SLGN. Weiss Ratings raised Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Citigroup cut their target price on shares of Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Truist Financial decreased their target price on shares of Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Wells Fargo & Company restated an “overweight” rating and set a $56.00 price target (up from $55.00) on shares of Silgan in a report on Thursday, April 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $59.00 price target on shares of Silgan in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.30.

Silgan Stock Up 0.8%

Shares of Silgan stock opened at $42.66 on Thursday. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 2.47 and a beta of 0.68. The stock has a 50-day simple moving average of $42.82 and a 200-day simple moving average of $42.47. 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 1.58, a current ratio of 0.53 and a quick ratio of 0.33.

Silgan (NYSE:SLGN) last posted its earnings results 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 firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. Silgan has set its FY 2026 guidance at 3.730-3.930 EPS and its Q3 2026 guidance at 1.210-1.310 EPS. On average, equities research analysts expect that Silgan Holdings Inc. will post 3.81 earnings per share for the current fiscal year.

Silgan Announces Dividend

The firm 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 dividend of $0.21 per share. 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 (DPR) is currently 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.