Silgan Holdings Inc. (NYSE:SLGN) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Silgan Holdings Inc. (NYSE:SLGN) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,707 shares of the industrial products company’s stock after purchasing an additional 267 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Silgan were worth $453,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Silgan by 5.8% in the fourth quarter. Wellington Management Group LLP now owns 4,466,816 shares of the industrial products company’s stock valued at $202,123,000 after acquiring an additional 246,813 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Silgan by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,962,414 shares of the industrial products company’s stock valued at $125,404,000 after buying an additional 204,384 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Silgan by 6.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,580,856 shares of the industrial products company’s stock valued at $109,248,000 after buying an additional 163,853 shares in the last quarter. Boston Trust Walden Corp increased its position in Silgan by 20.6% during the 2nd quarter. Boston Trust Walden Corp now owns 1,884,609 shares of the industrial products company’s stock worth $79,776,000 after purchasing an additional 322,511 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Silgan by 2.3% during the 4th quarter. First Trust Advisors LP now owns 1,844,260 shares of the industrial products company’s stock worth $83,453,000 after purchasing an additional 41,763 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SLGN shares. Wells Fargo & Company raised their price target on Silgan from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Citigroup boosted their price target on Silgan from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird boosted their price target on Silgan from $53.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. StockNews.com upgraded Silgan from a “hold” rating to a “buy” rating in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. upgraded Silgan from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $46.00 to $53.00 in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Insider Buying and Selling

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

Silgan Stock Down 0.5 %

Shares of Silgan stock opened at $51.55 on Friday. The stock’s fifty day moving average is $50.10 and its 200-day moving average is $47.29. The firm has a market capitalization of $5.50 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.49 and a beta of 0.67. The company has a quick ratio of 0.64, a current ratio of 1.06 and a debt-to-equity ratio of 1.31. Silgan Holdings Inc. has a 12-month low of $38.11 and a 12-month high of $52.84.

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

Silgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.47%. Silgan’s dividend payout ratio (DPR) is presently 26.67%.

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.