Jupiter Topco LLC Makes New $62.53 Million Investment in Silgan Holdings Inc. $SLGN

Jupiter Topco LLC purchased a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,347,817 shares of the industrial products company’s stock, valued at approximately $62,526,000. Jupiter Topco LLC owned 1.28% of Silgan as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SLGN. JPMorgan Chase & Co. grew its holdings in Silgan by 22.1% during the fourth quarter. JPMorgan Chase & Co. now owns 9,274,095 shares of the industrial products company’s stock worth $374,395,000 after acquiring an additional 1,676,760 shares during the period. BlackRock Inc. acquired a new stake in Silgan in the 2nd quarter valued at about $369,406,000. Wellington Management Group LLP grew its stake in shares of Silgan by 25.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,604,993 shares of the industrial products company’s stock worth $241,071,000 after purchasing an additional 1,148,044 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Silgan by 11.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,893,768 shares of the industrial products company’s stock worth $189,871,000 after purchasing an additional 505,813 shares in the last quarter. Finally, State Street Corp lifted its stake in Silgan by 0.7% during the second quarter. State Street Corp now owns 3,646,093 shares of the industrial products company’s stock valued at $197,545,000 after purchasing an additional 23,734 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SLGN. BMO Capital Markets began coverage on shares of Silgan in a research report on Thursday, July 16th. They issued an “outperform” rating and a $57.00 price target on the stock. 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. Weiss Ratings upgraded Silgan from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $56.00 target price (up from $55.00) on shares of Silgan in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada raised Silgan from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $51.00 to $58.00 in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Silgan Stock Down 2.6%

Shares of NYSE:SLGN opened at $41.84 on Friday. The firm has a 50 day simple moving average of $43.78 and a 200 day simple moving average of $42.22. 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 company has a market cap of $4.42 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 2.50 and a beta of 0.68.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. The firm had revenue of $1.64 billion for 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 quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $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, research analysts expect that Silgan Holdings Inc. will post 3.82 earnings per share for the current year.

Silgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Silgan’s payout ratio is presently 32.94%.

Silgan 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.