Moody National Bank Trust Division Buys 1,310 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Moody National Bank Trust Division boosted its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,384 shares of the industrial products company’s stock after purchasing an additional 1,310 shares during the quarter. Moody National Bank Trust Division’s holdings in Silgan were worth $990,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in shares of Silgan by 5.8% during the fourth quarter. Wellington Management Group LLP now owns 4,466,816 shares of the industrial products company’s stock worth $202,123,000 after buying an additional 246,813 shares in the last quarter. Dean Capital Management lifted its holdings in shares of Silgan by 12.8% during the fourth quarter. Dean Capital Management now owns 41,979 shares of the industrial products company’s stock worth $1,900,000 after buying an additional 4,778 shares in the last quarter. Robeco Schweiz AG lifted its holdings in shares of Silgan by 1.7% during the fourth quarter. Robeco Schweiz AG now owns 134,213 shares of the industrial products company’s stock worth $6,073,000 after buying an additional 2,213 shares in the last quarter. AdvisorShares Investments LLC lifted its holdings in shares of Silgan by 47.4% during the fourth quarter. AdvisorShares Investments LLC now owns 74,926 shares of the industrial products company’s stock worth $3,390,000 after buying an additional 24,083 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Silgan by 2.3% during the fourth quarter. First Trust Advisors LP now owns 1,844,260 shares of the industrial products company’s stock worth $83,453,000 after buying an additional 41,763 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

Insider Transactions at Silgan

In other news, EVP Robert B. Lewis sold 30,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $47.08, for a total transaction of $1,412,400.00. Following the sale, the executive vice president now directly owns 172,133 shares in the company, valued at $8,104,021.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Robert B. Lewis sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $47.08, for a total value of $1,412,400.00. Following the sale, the executive vice president now directly owns 172,133 shares in the company, valued at $8,104,021.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP B Frederik Prinzen sold 4,093 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $47.84, for a total value of $195,809.12. Following the completion of the sale, the vice president now owns 4,520 shares in the company, valued at $216,236.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,651 shares of company stock worth $2,804,226. Insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped their target price on Silgan from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Silgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

Silgan Stock Down 0.1 %

SLGN stock opened at $43.97 on Thursday. Silgan Holdings Inc. has a 52 week low of $38.11 and a 52 week high of $49.72. The company has a quick ratio of 0.62, a current ratio of 1.04 and a debt-to-equity ratio of 1.33. The business has a 50-day simple moving average of $46.47 and a 200 day simple moving average of $45.34. The company has a market cap of $4.70 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 1.48 and a beta of 0.69.

Silgan (NYSE:SLGN) last released its earnings results on Wednesday, May 1st. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. Silgan had a return on equity of 19.26% and a net margin of 5.25%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. Sell-side analysts anticipate that Silgan Holdings Inc. will post 3.66 EPS for the current fiscal year.

Silgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Monday, June 3rd. Silgan’s dividend payout ratio (DPR) is currently 26.67%.

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.