Silgan Holdings Inc. (NYSE:SLGN) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its position in Silgan Holdings Inc. (NYSE:SLGN) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 273,966 shares of the industrial products company’s stock after selling 1,992 shares during the period. Leeward Investments LLC MA owned about 0.25% of Silgan worth $12,397,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Silgan by 20.9% during the third quarter. JPMorgan Chase & Co. now owns 6,053,086 shares of the industrial products company’s stock worth $260,949,000 after purchasing an additional 1,047,558 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Silgan by 43.0% during the third quarter. Wellington Management Group LLP now owns 4,220,003 shares of the industrial products company’s stock worth $181,924,000 after purchasing an additional 1,269,349 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Silgan by 3.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,323,963 shares of the industrial products company’s stock worth $105,159,000 after purchasing an additional 66,837 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Silgan by 0.7% during the fourth quarter. Boston Trust Walden Corp now owns 1,566,448 shares of the industrial products company’s stock worth $70,882,000 after purchasing an additional 10,532 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Silgan by 9.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,269,176 shares of the industrial products company’s stock worth $54,714,000 after purchasing an additional 114,849 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Insiders Place Their Bets

In other Silgan news, VP B Frederik Prinzen sold 4,684 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $43.89, for a total transaction of $205,580.76. Following the sale, the vice president now directly owns 8,613 shares in the company, valued at approximately $378,024.57. The transaction was disclosed in a document filed with the SEC, which is available through this link. 13.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

SLGN has been the subject of a number of research reports. Raymond James boosted their target price on shares of Silgan from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Royal Bank of Canada upped their price objective on shares of Silgan from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Truist Financial upped their price objective on shares of Silgan from $52.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Citigroup upped their price objective on shares of Silgan from $47.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company increased their price target on shares of Silgan from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.13.

Silgan Trading Down 0.0 %

Shares of SLGN stock traded down $0.02 during trading hours on Friday, hitting $47.00. The company had a trading volume of 485,573 shares, compared to its average volume of 568,606. The company’s fifty day moving average is $45.94 and its 200 day moving average is $43.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.02 and a quick ratio of 0.61. Silgan Holdings Inc. has a fifty-two week low of $38.11 and a fifty-two week high of $50.18. The stock has a market capitalization of $5.02 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.58 and a beta of 0.68.

Silgan (NYSE:SLGN) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. Silgan had a net margin of 5.44% and a return on equity of 20.29%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.39 billion. Research analysts expect that Silgan Holdings Inc. will post 3.67 earnings per share for the current fiscal year.

Silgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Silgan’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 1.62%. Silgan’s dividend payout ratio is 25.50%.

Silgan Company Profile

Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems.