Segall Bryant & Hamill LLC Has $67.12 Million Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Segall Bryant & Hamill LLC lifted its stake in Silgan Holdings Inc. (NYSE:SLGN) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,278,560 shares of the industrial products company’s stock after purchasing an additional 11,655 shares during the quarter. Silgan accounts for approximately 0.9% of Segall Bryant & Hamill LLC’s holdings, making the stock its 7th biggest position. Segall Bryant & Hamill LLC owned approximately 1.20% of Silgan worth $67,124,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SLGN. Covestor Ltd lifted its holdings in shares of Silgan by 69.7% during the first quarter. Covestor Ltd now owns 1,125 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 462 shares in the last quarter. Natixis bought a new position in shares of Silgan during the 1st quarter valued at $1,802,000. MQS Management LLC purchased a new position in shares of Silgan in the 1st quarter worth $269,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Silgan by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,416 shares of the industrial products company’s stock worth $2,060,000 after buying an additional 2,386 shares during the last quarter. Finally, Perbak Capital Partners LLP bought a new stake in shares of Silgan in the first quarter worth $7,168,000. Institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SLGN. JPMorgan Chase & Co. raised Silgan from an “underweight” rating to a “neutral” rating and increased their target price for the company from $46.00 to $53.00 in a report on Thursday, August 1st. Truist Financial restated a “buy” rating and set a $59.00 target price (up from $56.00) on shares of Silgan in a research report on Thursday, August 1st. StockNews.com cut shares of Silgan from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Citigroup lifted their price target on shares of Silgan from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company upped their price objective on Silgan from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.43.

Silgan Trading Up 0.2 %

Silgan stock opened at $54.29 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.75. The firm’s 50 day moving average price is $51.95 and its 200-day moving average price is $48.74. Silgan Holdings Inc. has a 1 year low of $40.88 and a 1 year high of $55.32. The stock has a market cap of $5.80 billion, a P/E ratio of 19.67, a PEG ratio of 1.40 and a beta of 0.67.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). Silgan had a return on equity of 18.76% and a net margin of 5.11%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm posted $1.16 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities analysts predict that Silgan Holdings Inc. will post 3.6 earnings per share for the current fiscal year.

Silgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, December 2nd. Silgan’s dividend payout ratio (DPR) is 27.54%.

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.