Silgan Holdings Inc. (NYSE:SLGN) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 48.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,640 shares of the industrial products company’s stock after acquiring an additional 863 shares during the period. GAMMA Investing LLC’s holdings in Silgan were worth $137,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SLGN. Headlands Technologies LLC acquired a new position in Silgan during the second quarter worth $70,000. Venturi Wealth Management LLC increased its position in shares of Silgan by 220.4% in the third quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $74,000 after buying an additional 963 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Silgan during the 2nd quarter worth $104,000. KBC Group NV boosted its position in shares of Silgan by 27.7% in the 3rd quarter. KBC Group NV now owns 2,277 shares of the industrial products company’s stock worth $120,000 after buying an additional 494 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Silgan by 13,482.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,124 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 3,101 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on SLGN shares. Royal Bank of Canada lifted their target price on shares of Silgan from $58.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Bank of America upped their target price on Silgan from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com downgraded Silgan from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Truist Financial upped their price objective on Silgan from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Silgan currently has a consensus rating of “Moderate Buy” and an average price target of $59.75.

Silgan Trading Down 0.4 %

Shares of Silgan stock opened at $51.01 on Friday. The firm has a market cap of $5.45 billion, a PE ratio of 18.48, a P/E/G ratio of 1.44 and a beta of 0.71. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. Silgan Holdings Inc. has a fifty-two week low of $41.14 and a fifty-two week high of $58.14. The business’s fifty day moving average is $54.01 and its two-hundred day moving average is $50.75.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, October 30th. The industrial products company reported $1.21 earnings per share 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 business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the company posted $1.16 earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. Analysts anticipate that Silgan Holdings Inc. will post 3.6 earnings per share for the current year.

Silgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.49%. The ex-dividend date was Monday, December 2nd. Silgan’s dividend payout ratio (DPR) is 27.54%.

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.