Boston Trust Walden Corp Sells 4,793 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Boston Trust Walden Corp cut its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,877,157 shares of the industrial products company’s stock after selling 4,793 shares during the period. Boston Trust Walden Corp owned approximately 1.76% of Silgan worth $97,706,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SLGN. Ausbil Investment Management Ltd grew its position in shares of Silgan by 93.9% during the 4th quarter. Ausbil Investment Management Ltd now owns 12,579 shares of the industrial products company’s stock valued at $642,000 after acquiring an additional 6,091 shares during the period. KBC Group NV raised its position in shares of Silgan by 52.5% during the fourth quarter. KBC Group NV now owns 3,473 shares of the industrial products company’s stock valued at $181,000 after buying an additional 1,196 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Silgan in the fourth quarter worth $2,563,000. Fort Washington Investment Advisors Inc. OH increased its holdings in Silgan by 5.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 385,710 shares of the industrial products company’s stock valued at $20,076,000 after acquiring an additional 19,080 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in Silgan in the 4th quarter worth $620,000. 70.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SLGN. Truist Financial restated a “buy” rating and issued a $70.00 target price (up from $69.00) on shares of Silgan in a report on Thursday. Raymond James upped their price objective on Silgan from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on Silgan from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday. Loop Capital increased their price target on Silgan from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on shares of Silgan from $58.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.22.

Silgan Price Performance

Shares of SLGN opened at $55.10 on Monday. The company has a 50 day moving average of $53.64 and a two-hundred day moving average of $51.96. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 1.24. Silgan Holdings Inc. has a twelve month low of $41.14 and a twelve month high of $58.14. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.26 and a beta of 0.71.

Silgan (NYSE:SLGN) last posted its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. Silgan had a net margin of 4.72% and a return on equity of 19.70%. As a group, analysts predict that Silgan Holdings Inc. will post 4.11 earnings per share for the current fiscal year.

Silgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, December 2nd. Silgan’s dividend payout ratio (DPR) is 29.46%.

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.