Dean Capital Management Has $1.90 Million Stake in Silgan Holdings Inc. (NYSE:SLGN)

Dean Capital Management lifted its position in Silgan Holdings Inc. (NYSE:SLGN) by 12.8% during the 4th quarter, HoldingsChannel reports. The firm owned 41,979 shares of the industrial products company’s stock after acquiring an additional 4,778 shares during the quarter. Silgan accounts for about 1.2% of Dean Capital Management’s investment portfolio, making the stock its 7th largest holding. Dean Capital Management’s holdings in Silgan were worth $1,900,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Principal Securities Inc. purchased a new position in shares of Silgan in the 4th quarter worth $30,000. Quent Capital LLC increased its stake in Silgan by 94.9% during the fourth quarter. Quent Capital LLC now owns 1,037 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 505 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Silgan during the third quarter valued at approximately $70,000. Blue Trust Inc. lifted its stake in shares of Silgan by 4,440.4% in the 4th quarter. Blue Trust Inc. now owns 2,134 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 2,087 shares during the last quarter. Finally, TFO Wealth Partners LLC increased its position in shares of Silgan by 10,540.0% during the 4th quarter. TFO Wealth Partners LLC now owns 532 shares of the industrial products company’s stock valued at $226,000 after purchasing an additional 527 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company lowered their price target on Silgan from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Insiders Place Their Bets

In related news, SVP Jay A. Martin sold 21,330 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $46.73, for a total transaction of $996,750.90. Following the completion of the sale, the senior vice president now owns 165,989 shares of the company’s stock, valued at $7,756,665.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP B Frederik Prinzen sold 4,093 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $47.84, for a total transaction of $195,809.12. Following the sale, the vice president now owns 4,520 shares in the company, valued at $216,236.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jay A. Martin sold 21,330 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $46.73, for a total transaction of $996,750.90. Following the sale, the senior vice president now directly owns 165,989 shares in the company, valued at approximately $7,756,665.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,651 shares of company stock worth $2,804,226. 1.39% of the stock is owned by corporate insiders.

Silgan Stock Down 0.3 %

NYSE:SLGN traded down $0.15 during mid-day trading on Monday, reaching $45.79. The company’s stock had a trading volume of 488,180 shares, compared to its average volume of 572,630. The company has a quick ratio of 0.62, a current ratio of 1.04 and a debt-to-equity ratio of 1.33. Silgan Holdings Inc. has a 1 year low of $38.11 and a 1 year high of $49.72. The stock has a fifty day moving average of $47.08 and a 200-day moving average of $45.20. The firm has a market capitalization of $4.89 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.54 and a beta of 0.69.

Silgan (NYSE:SLGN) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.37 billion. Silgan had a net margin of 5.25% and a return on equity of 19.26%. Silgan’s revenue was down 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. Equities research analysts forecast that Silgan Holdings Inc. will post 3.66 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 17th. Shareholders of record on Monday, June 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.76 annualized dividend and a yield of 1.66%. Silgan’s dividend payout ratio (DPR) is presently 26.67%.

Silgan 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.