Inspire Investing LLC Has $351,000 Stock Position in Silgan Holdings Inc. (NYSE:SLGN)

Inspire Investing LLC grew its stake in shares of Silgan Holdings Inc. (NYSE:SLGN) by 12.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,286 shares of the industrial products company’s stock after purchasing an additional 902 shares during the quarter. Inspire Investing LLC’s holdings in Silgan were worth $351,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SLGN. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Silgan by 2.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,707 shares of the industrial products company’s stock worth $453,000 after acquiring an additional 267 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Silgan by 21.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,312 shares of the industrial products company’s stock worth $479,000 after acquiring an additional 2,029 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Silgan during the 2nd quarter worth approximately $1,433,000. Dimensional Fund Advisors LP increased its holdings in shares of Silgan by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,962,414 shares of the industrial products company’s stock worth $125,404,000 after acquiring an additional 204,384 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Silgan by 1.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 120,923 shares of the industrial products company’s stock worth $5,119,000 after acquiring an additional 1,613 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Insider Buying and Selling

In related news, VP Stacey J. Mcgrath sold 1,600 shares of the company’s stock in a transaction on 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 directly 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 through this link. 1.39% of the stock is owned by corporate insiders.

Silgan Stock Performance

NYSE:SLGN opened at $51.33 on Tuesday. The stock has a fifty day moving average price of $49.65 and a 200-day moving average price of $47.14. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.49 and a beta of 0.67. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.64 and a current ratio of 1.06. Silgan Holdings Inc. has a fifty-two week low of $38.11 and a fifty-two week high of $52.84.

Silgan (NYSE:SLGN) last announced its quarterly earnings data 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. Silgan had a return on equity of 19.22% and a net margin of 5.24%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the company earned $0.83 EPS. Silgan’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities analysts anticipate that Silgan Holdings Inc. will post 3.66 EPS for the current fiscal year.

Silgan Announces Dividend

The firm also recently disclosed 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 of this dividend was Tuesday, September 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. Silgan’s dividend payout ratio is currently 26.67%.

Analyst Ratings Changes

SLGN has been the topic of a number of research reports. Robert W. Baird upped their price objective on Silgan from $53.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. StockNews.com raised Silgan from a “hold” rating to a “buy” rating in a report on Friday. Wells Fargo & Company upped their price objective on Silgan from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Royal Bank of Canada upped their price objective on Silgan from $51.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised Silgan from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $46.00 to $53.00 in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

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.