Legal & General Group Plc Takes $6.06 Million Position in Silgan Holdings Inc. $SLGN

Legal & General Group Plc bought a new stake in shares of Silgan Holdings Inc. (NYSE:SLGN) during the second quarter, Holdings Channel reports. The institutional investor bought 130,607 shares of the industrial products company’s stock, valued at approximately $6,059,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Silgan by 22.1% in the fourth quarter. JPMorgan Chase & Co. now owns 9,274,095 shares of the industrial products company’s stock worth $374,395,000 after purchasing an additional 1,676,760 shares during the period. BlackRock Inc. acquired a new position in shares of Silgan during the second quarter valued at about $369,406,000. Wellington Management Group LLP boosted its position in shares of Silgan by 25.8% during 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Silgan by 11.5% during 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 grew its stake in shares of Silgan by 0.7% in the 2nd quarter. State Street Corp now owns 3,646,093 shares of the industrial products company’s stock valued at $197,545,000 after buying an additional 23,734 shares during the period. 70.25% of the stock is owned by institutional investors.

Silgan Price Performance

Shares of NYSE SLGN opened at $41.34 on Thursday. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 2.41 and a beta of 0.68. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.80 and a current ratio of 1.27. Silgan Holdings Inc. has a fifty-two week low of $35.68 and a fifty-two week high of $49.55. The firm’s 50-day simple moving average is $43.71 and its 200 day simple moving average is $42.02.

Silgan (NYSE:SLGN) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. 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 anticipate that Silgan Holdings Inc. will post 3.82 earnings per share for the current fiscal year.

Silgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 annualized dividend and a yield of 2.0%. Silgan’s dividend payout ratio is 32.94%.

Analyst Upgrades and Downgrades

SLGN has been the subject of a number of research analyst reports. BMO Capital Markets assumed coverage on Silgan in a research report on Thursday, July 16th. They issued an “outperform” rating and a $57.00 target price for the company. UBS Group set a $47.00 price objective on Silgan and gave the company a “neutral” rating in a research note on Thursday, July 30th. Raymond James Financial restated an “outperform” rating and set a $59.00 price objective on shares of Silgan in a report on Wednesday, July 15th. Weiss Ratings raised Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada upgraded Silgan from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $51.00 to $58.00 in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

About Silgan

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.