Cwm LLC Has $233,000 Stock Holdings in Silgan Holdings Inc. (NYSE:SLGN)

Cwm LLC lifted its holdings in Silgan Holdings Inc. (NYSE:SLGN) by 46.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,447 shares of the industrial products company’s stock after buying an additional 1,408 shares during the period. Cwm LLC’s holdings in Silgan were worth $233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SLGN. Blue Trust Inc. boosted its position in Silgan by 256.6% during the second quarter. Blue Trust Inc. now owns 592 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 426 shares during the last quarter. Versant Capital Management Inc boosted its position in Silgan by 2,838.5% during the second quarter. Versant Capital Management Inc now owns 1,146 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 1,107 shares during the last quarter. GAMMA Investing LLC boosted its position in Silgan by 109.9% during the second quarter. GAMMA Investing LLC now owns 1,171 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 613 shares during the last quarter. Covestor Ltd boosted its position in Silgan by 69.7% during the first quarter. Covestor Ltd now owns 1,125 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 462 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Silgan during the second quarter valued at $70,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SLGN. Robert W. Baird boosted their price target on Silgan from $53.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. StockNews.com lowered Silgan from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada lifted their price objective on Silgan from $51.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. upgraded Silgan from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $46.00 to $53.00 in a research note on Thursday, August 1st. Finally, Citigroup lifted their price objective on Silgan from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Silgan Trading Down 0.6 %

Shares of SLGN opened at $51.09 on Wednesday. Silgan Holdings Inc. has a 12-month low of $38.11 and a 12-month high of $52.84. The company has a quick ratio of 0.64, a current ratio of 1.06 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.53 and a beta of 0.67. The stock’s 50-day moving average price is $51.03 and its 200 day moving average price is $47.91.

Silgan (NYSE:SLGN) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The firm 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 company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. As a group, research analysts predict that Silgan Holdings Inc. will post 3.66 earnings per share for the current year.

Silgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Tuesday, September 3rd. Silgan’s payout ratio is 26.67%.

Insider Buying and Selling at Silgan

In other news, VP Stacey J. Mcgrath sold 1,600 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 11,495 shares of the company’s stock, valued at $563,714.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.39% of the company’s stock.

About Silgan

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.