Public Employees Retirement System of Ohio Takes Position in Silgan Holdings Inc. $SLGN

Public Employees Retirement System of Ohio purchased a new position in shares of Silgan Holdings Inc. (NYSE:SLGN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,831 shares of the industrial products company’s stock, valued at approximately $1,291,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SLGN. BlackRock Inc. purchased a new stake in shares of Silgan during the second quarter valued at approximately $369,406,000. Bank of America Corp DE acquired a new stake in Silgan during the 2nd quarter valued at $101,368,000. Fuller & Thaler Asset Management Inc. grew its holdings in Silgan by 177.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,400,088 shares of the industrial products company’s stock valued at $137,262,000 after purchasing an additional 2,174,028 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Silgan by 22.1% during the 4th quarter. JPMorgan Chase & Co. now owns 9,274,095 shares of the industrial products company’s stock worth $374,395,000 after buying an additional 1,676,760 shares during the period. Finally, Jupiter Topco LLC purchased a new stake in Silgan during the 2nd quarter worth $62,526,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Silgan Trading Down 4.6%

NYSE:SLGN opened at $39.29 on Wednesday. The company has a market cap of $4.15 billion, a PE ratio of 15.41, a P/E/G ratio of 2.40 and a beta of 0.68. The business’s 50 day moving average is $43.29 and its two-hundred day moving average is $41.81. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 1.54. Silgan Holdings Inc. has a 52 week low of $35.68 and a 52 week high of $49.55.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. Silgan had a return on equity of 16.74% and a net margin of 4.05%.The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the business earned $1.01 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. 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, analysts predict that Silgan Holdings Inc. will post 3.82 EPS for the current year.

Silgan Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 1st. Silgan’s dividend payout ratio is currently 32.94%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SLGN shares. Bank of America raised their target price on Silgan from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada upgraded Silgan from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $51.00 to $58.00 in a research note on Thursday, August 13th. 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. UBS Group set a $47.00 target price on Silgan and gave the company a “neutral” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised shares of Silgan from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Silgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Silgan Company 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.