Silgan Holdings Inc. (NYSE:SLGN) Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its position in shares of Silgan Holdings Inc. (NYSE:SLGN) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 431,650 shares of the industrial products company’s stock after acquiring an additional 1,010 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.40% of Silgan worth $18,272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund increased its holdings in shares of Silgan by 33.0% in the fourth quarter. New York State Common Retirement Fund now owns 210,066 shares of the industrial products company’s stock valued at $9,505,000 after buying an additional 52,146 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Silgan by 0.7% during the fourth quarter. Russell Investments Group Ltd. now owns 165,470 shares of the industrial products company’s stock worth $7,488,000 after purchasing an additional 1,081 shares during the period. Victory Capital Management Inc. raised its position in shares of Silgan by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 2,152,882 shares of the industrial products company’s stock worth $97,418,000 after purchasing an additional 8,349 shares during the period. New York Life Investment Management LLC purchased a new stake in shares of Silgan during the fourth quarter valued at $402,000. Finally, Natixis Advisors L.P. boosted its position in shares of Silgan by 10.2% in the 4th quarter. Natixis Advisors L.P. now owns 34,536 shares of the industrial products company’s stock valued at $1,562,000 after purchasing an additional 3,205 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank of Canada boosted their price objective on Silgan from $51.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of Silgan from an “underweight” rating to a “neutral” rating and upped their price target for the company from $46.00 to $53.00 in a research report on Thursday, August 1st. Wells Fargo & Company raised their price objective on shares of Silgan from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Truist Financial reissued a “buy” rating and set a $59.00 target price (up from $56.00) on shares of Silgan in a research note on Thursday, August 1st. Finally, StockNews.com cut Silgan from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.00.

Silgan Trading Up 1.1 %

Shares of NYSE:SLGN opened at $52.33 on Friday. Silgan Holdings Inc. has a 12-month low of $38.11 and a 12-month high of $52.84. The company has a quick ratio of 0.64, a current ratio of 1.06 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $5.59 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.49 and a beta of 0.67. The firm has a fifty day moving average of $47.08 and a two-hundred day moving average of $46.34.

Silgan (NYSE:SLGN) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.43 billion. Silgan had a return on equity of 19.22% and a net margin of 5.24%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS. On average, equities analysts expect that Silgan Holdings Inc. will post 3.66 EPS for the current fiscal year.

Silgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.45%. Silgan’s dividend payout ratio is currently 26.67%.

Insider Activity at Silgan

In other news, VP Stacey J. Mcgrath sold 1,600 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.04, for a total transaction of $78,464.00. Following the completion of the sale, the vice president now owns 11,495 shares in the company, valued at approximately $563,714.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.39% of the stock is owned by company 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.