Silgan Holdings Inc. (NYSE:SLGN) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its stake in Silgan Holdings Inc. (NYSE:SLGN) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,291,442 shares of the industrial products company’s stock after acquiring an additional 12,882 shares during the period. Silgan makes up 0.9% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 9th largest position. Segall Bryant & Hamill LLC’s holdings in Silgan were worth $67,220,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SLGN. Arizona State Retirement System lifted its stake in shares of Silgan by 0.8% in the 4th quarter. Arizona State Retirement System now owns 24,792 shares of the industrial products company’s stock valued at $1,290,000 after purchasing an additional 195 shares in the last quarter. LPL Financial LLC raised its holdings in Silgan by 1.8% in the fourth quarter. LPL Financial LLC now owns 21,793 shares of the industrial products company’s stock valued at $1,134,000 after buying an additional 393 shares during the period. M&T Bank Corp lifted its position in Silgan by 2.4% during the fourth quarter. M&T Bank Corp now owns 16,970 shares of the industrial products company’s stock valued at $883,000 after buying an additional 404 shares in the last quarter. Keybank National Association OH grew its stake in Silgan by 3.4% during the fourth quarter. Keybank National Association OH now owns 12,678 shares of the industrial products company’s stock worth $660,000 after buying an additional 411 shares during the period. Finally, Atria Investments Inc increased its position in shares of Silgan by 9.2% in the fourth quarter. Atria Investments Inc now owns 5,067 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 427 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Silgan Stock Up 0.7 %

Shares of NYSE:SLGN opened at $50.11 on Tuesday. Silgan Holdings Inc. has a 12-month low of $41.14 and a 12-month high of $58.14. The company has a current ratio of 0.45, a quick ratio of 0.28 and a debt-to-equity ratio of 1.24. The firm has a market cap of $5.35 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. The company has a fifty day simple moving average of $52.79 and a 200 day simple moving average of $52.75.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. On average, equities research analysts anticipate that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Monday, March 17th. This is an increase from Silgan’s previous quarterly dividend of $0.19. Silgan’s payout ratio is currently 31.01%.

Analysts Set New Price Targets

SLGN has been the subject of a number of research reports. Royal Bank of Canada upped their price target on shares of Silgan from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Loop Capital upped their target price on Silgan from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Bank of America raised their target price on Silgan from $60.00 to $61.00 and gave the company a “buy” rating in a report on Monday, January 6th. Raymond James upped their price target on Silgan from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Truist Financial reiterated a “buy” rating and set a $70.00 price objective (up previously from $69.00) on shares of Silgan in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Silgan currently has a consensus rating of “Moderate Buy” and an average target price of $64.22.

Insider Buying and Selling at Silgan

In related news, CEO Adam J. Greenlee sold 125,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $54.73, for a total transaction of $6,841,250.00. Following the completion of the sale, the chief executive officer now owns 227,332 shares of the company’s stock, valued at $12,441,880.36. This represents a 35.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert B. Lewis sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $53.22, for a total transaction of $1,064,400.00. Following the completion of the transaction, the executive vice president now directly owns 152,133 shares in the company, valued at $8,096,518.26. This represents a 11.62 % decrease in their position. The disclosure for this sale can be found here. 1.39% of the stock is owned by insiders.

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.