3,862 Shares in Silgan Holdings Inc. (NYSE:SLGN) Purchased by Stifel Financial Corp

Stifel Financial Corp acquired a new stake in Silgan Holdings Inc. (NYSE:SLGN) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,862 shares of the industrial products company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SLGN. FMR LLC lifted its position in Silgan by 87.7% during the third quarter. FMR LLC now owns 6,278,456 shares of the industrial products company’s stock worth $329,619,000 after purchasing an additional 2,932,680 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Silgan by 7.4% in the 2nd 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 lifted its holdings in shares of Silgan by 1.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,610,421 shares of the industrial products company’s stock worth $137,047,000 after acquiring an additional 29,565 shares during the period. Segall Bryant & Hamill LLC boosted its position in shares of Silgan by 0.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,278,560 shares of the industrial products company’s stock worth $67,124,000 after acquiring an additional 11,655 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Silgan by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 832,817 shares of the industrial products company’s stock valued at $35,253,000 after acquiring an additional 17,328 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Silgan Stock Down 1.6 %

Shares of NYSE:SLGN opened at $51.73 on Tuesday. Silgan Holdings Inc. has a 1 year low of $41.14 and a 1 year high of $58.14. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.75. The business’s 50-day moving average is $54.00 and its 200-day moving average is $50.38. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 1.44 and a beta of 0.69.

Silgan (NYSE:SLGN) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.02). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.82 billion. Silgan had a return on equity of 18.76% and a net margin of 5.11%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share. Equities research analysts predict that Silgan Holdings Inc. will post 3.6 earnings per share for the current year.

Silgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, December 2nd. Silgan’s dividend payout ratio is currently 27.54%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SLGN. StockNews.com cut shares of Silgan from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada upped their price objective on shares of Silgan from $58.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.14.

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.