Silgan Holdings Inc. (NYSE:SLGN) Stock Holdings Increased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 174.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,269 shares of the industrial products company’s stock after buying an additional 10,338 shares during the quarter. American Century Companies Inc.’s holdings in Silgan were worth $847,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SLGN. Bank of Jackson Hole Trust acquired a new stake in shares of Silgan during the fourth quarter worth approximately $59,000. Smartleaf Asset Management LLC increased its stake in Silgan by 1,229.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company’s stock valued at $107,000 after buying an additional 1,906 shares during the period. GAMMA Investing LLC lifted its position in Silgan by 48.6% in the 4th quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company’s stock worth $137,000 after buying an additional 863 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Silgan during the 3rd quarter valued at $154,000. Finally, KBC Group NV grew its holdings in shares of Silgan by 52.5% during the 4th quarter. KBC Group NV now owns 3,473 shares of the industrial products company’s stock valued at $181,000 after acquiring an additional 1,196 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

SLGN has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Silgan from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Loop Capital lifted their target price on shares of Silgan from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada increased their price target on shares of Silgan from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Bank of America lifted their price objective on shares of Silgan from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Truist Financial reissued a “buy” rating and set a $70.00 target price (up from $69.00) on shares of Silgan in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Silgan currently has an average rating of “Moderate Buy” and an average target price of $64.22.

Silgan Stock Up 2.7 %

Shares of NYSE SLGN opened at $48.91 on Friday. Silgan Holdings Inc. has a 52-week low of $41.14 and a 52-week high of $58.14. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45. The stock has a market cap of $5.22 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.27 and a beta of 0.81. The firm has a 50 day moving average price of $51.38 and a 200 day moving average price of $52.53.

Silgan (NYSE:SLGN) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Silgan Holdings Inc. will post 4.11 EPS for the current year.

Silgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Silgan’s previous quarterly dividend of $0.19. Silgan’s dividend payout ratio is presently 31.01%.

Insider Buying and Selling

In related news, CEO Adam J. Greenlee sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $54.73, for a total value of $6,841,250.00. Following the completion of the sale, the chief executive officer now directly owns 227,332 shares in the company, valued at approximately $12,441,880.36. The trade was a 35.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robert B. Lewis sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $53.22, for a total value of $1,064,400.00. Following the sale, 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 corporate 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.