Strs Ohio Cuts Position in Silgan Holdings Inc. $SLGN

Strs Ohio trimmed its holdings in shares of Silgan Holdings Inc. (NYSE:SLGNFree Report) by 95.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,113 shares of the industrial products company’s stock after selling 46,784 shares during the quarter. Strs Ohio’s holdings in Silgan were worth $91,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Silgan by 19.6% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 46,986 shares of the industrial products company’s stock valued at $2,021,000 after purchasing an additional 7,694 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in Silgan by 20.8% during the third quarter. Verdence Capital Advisors LLC now owns 11,007 shares of the industrial products company’s stock worth $492,000 after buying an additional 1,898 shares during the last quarter. Inspire Advisors LLC boosted its stake in Silgan by 30.6% in the third quarter. Inspire Advisors LLC now owns 4,902 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 1,149 shares during the last quarter. Amalgamated Bank grew its position in shares of Silgan by 8.6% during the 3rd quarter. Amalgamated Bank now owns 40,519 shares of the industrial products company’s stock valued at $1,743,000 after acquiring an additional 3,203 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Silgan by 7.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 825,057 shares of the industrial products company’s stock worth $35,486,000 after purchasing an additional 55,288 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Key Silgan News

Here are the key news stories impacting Silgan this week:

Insider Transactions at Silgan

In related news, CAO Kimberly Irene Ulmer purchased 1,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $38.11 per share, with a total value of $38,110.00. Following the purchase, the chief accounting officer directly owned 105,321 shares in the company, valued at approximately $4,013,783.31. This represents a 0.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.13% of the stock is currently owned by insiders.

Silgan Stock Up 9.6%

SLGN opened at $47.97 on Thursday. The firm has a market capitalization of $5.07 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.94 and a beta of 0.72. Silgan Holdings Inc. has a one year low of $36.15 and a one year high of $57.04. The company has a fifty day moving average price of $41.35 and a 200-day moving average price of $43.12. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.27 and a quick ratio of 0.85.

Silgan (NYSE:SLGNGet Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Silgan had a return on equity of 19.47% and a net margin of 4.91%.The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Silgan has set its FY 2026 guidance at 3.700-3.900 EPS and its Q1 2026 guidance at 0.700-0.800 EPS. Equities research analysts expect that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SLGN. Raymond James Financial reissued a “market perform” rating on shares of Silgan in a report on Thursday, January 15th. Wells Fargo & Company dropped their price objective on shares of Silgan from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Truist Financial set a $50.00 price target on shares of Silgan and gave the company a “buy” rating in a research report on Tuesday, January 6th. Zacks Research upgraded shares of Silgan from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Citigroup dropped their target price on Silgan from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.38.

Get Our Latest Stock Analysis on SLGN

Silgan Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Silgan (NYSE:SLGN)

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