Geode Capital Management LLC Boosts Stake in Silgan Holdings Inc. $SLGN

Geode Capital Management LLC lifted its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,744,745 shares of the industrial products company’s stock after purchasing an additional 31,405 shares during the quarter. Geode Capital Management LLC’s holdings in Silgan were worth $70,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in shares of Silgan by 21,854.8% in the fourth quarter. SG Americas Securities LLC now owns 1,175,238 shares of the industrial products company’s stock worth $47,444,000 after purchasing an additional 1,169,885 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Silgan by 7.8% in the third quarter. Victory Capital Management Inc. now owns 1,524,030 shares of the industrial products company’s stock worth $65,549,000 after acquiring an additional 109,914 shares during the period. Vanguard Group Inc. grew its holdings in shares of Silgan by 0.5% in the third quarter. Vanguard Group Inc. now owns 8,927,750 shares of the industrial products company’s stock worth $383,983,000 after acquiring an additional 47,196 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Silgan by 5.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 866,966 shares of the industrial products company’s stock worth $34,999,000 after acquiring an additional 41,909 shares during the period. Finally, Aristotle Capital Boston LLC grew its holdings in shares of Silgan by 28.8% in the third quarter. Aristotle Capital Boston LLC now owns 635,621 shares of the industrial products company’s stock worth $27,338,000 after acquiring an additional 141,967 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SLGN. Citigroup cut their price objective on Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Weiss Ratings lowered Silgan from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Truist Financial cut their price objective on Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $56.00 price objective (up from $55.00) on shares of Silgan in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Silgan in a report on Wednesday, April 1st. They issued a “buy” rating and a $52.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.56.

Silgan Price Performance

NYSE SLGN opened at $36.70 on Tuesday. The company has a market capitalization of $3.88 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.10 and a beta of 0.71. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.78 and a current ratio of 1.26. The business’s fifty day moving average is $39.07 and its 200 day moving average is $41.41. Silgan Holdings Inc. has a fifty-two week low of $35.68 and a fifty-two week high of $57.04.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.51 billion. Silgan had a return on equity of 17.22% and a net margin of 4.31%.Silgan’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. Silgan has set its Q2 2026 guidance at 0.920-1.020 EPS and its FY 2026 guidance at 3.730-3.930 EPS. Sell-side analysts predict that Silgan Holdings Inc. will post 3.78 earnings per share for the current year.

Silgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 1st. This represents a $0.84 annualized dividend and a yield of 2.3%. Silgan’s payout ratio is 31.58%.

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.