Bank of America Corp DE Sells 294,733 Shares of Silgan Holdings Inc. $SLGN

Bank of America Corp DE lowered its position in Silgan Holdings Inc. (NYSE:SLGN) by 10.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,521,001 shares of the industrial products company’s stock after selling 294,733 shares during the period. Bank of America Corp DE’s holdings in Silgan were worth $97,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Silgan by 627.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 669 shares of the industrial products company’s stock worth $36,000 after buying an additional 577 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Silgan by 2,525.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 735 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 707 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Silgan in the third quarter worth about $33,000. Danske Bank A S increased its stake in shares of Silgan by 233.3% during the fourth quarter. Danske Bank A S now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 700 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Silgan during the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SLGN. Wells Fargo & Company restated an “overweight” rating and issued a $56.00 price target (up from $55.00) on shares of Silgan in a research note on Thursday, April 30th. Bank of America increased their target price on Silgan from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Truist Financial reduced their price target on Silgan from $54.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Weiss Ratings raised shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Finally, Citigroup reduced their price objective on shares of Silgan from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.30.

Silgan Price Performance

NYSE SLGN opened at $41.70 on Friday. Silgan Holdings Inc. has a one year low of $35.68 and a one year high of $49.55. The stock has a 50-day moving average of $42.97 and a 200 day moving average of $42.46. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.33 and a current ratio of 0.53. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 2.42 and a beta of 0.68.

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 the consensus estimate of $0.96 by $0.02. Silgan had a net margin of 4.05% and a return on equity of 16.74%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the business earned $1.01 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. 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, sell-side analysts forecast that Silgan Holdings Inc. will post 3.81 EPS for the current year.

Silgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.21 dividend. 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 (DPR) is currently 32.94%.

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.