International Assets Investment Management LLC Invests $299,000 in Silgan Holdings Inc. (NYSE:SLGN)

International Assets Investment Management LLC purchased a new position in Silgan Holdings Inc. (NYSE:SLGN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,607 shares of the industrial products company’s stock, valued at approximately $299,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Trust Walden Corp raised its stake in shares of Silgan by 0.7% during the fourth quarter. Boston Trust Walden Corp now owns 1,566,448 shares of the industrial products company’s stock valued at $70,882,000 after acquiring an additional 10,532 shares in the last quarter. Quent Capital LLC raised its position in Silgan by 94.9% during the 4th quarter. Quent Capital LLC now owns 1,037 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 505 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Silgan by 4,440.4% in the 4th quarter. Blue Trust Inc. now owns 2,134 shares of the industrial products company’s stock worth $91,000 after buying an additional 2,087 shares during the period. Legato Capital Management LLC grew its position in shares of Silgan by 12.8% during the 4th quarter. Legato Capital Management LLC 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. Finally, Moody National Bank Trust Division increased its stake in shares of Silgan by 22.8% during the fourth quarter. Moody National Bank Trust Division now owns 19,074 shares of the industrial products company’s stock valued at $863,000 after buying an additional 3,540 shares during the period. Institutional investors own 70.25% of the company’s stock.

Silgan Stock Down 0.0 %

NYSE SLGN opened at $47.00 on Friday. The business’s fifty day simple moving average is $45.94 and its 200-day simple moving average is $43.98. The company has a quick ratio of 0.61, a current ratio of 1.02 and a debt-to-equity ratio of 1.35. The firm has a market cap of $5.02 billion, a PE ratio of 15.77, a P/E/G ratio of 2.58 and a beta of 0.68. Silgan Holdings Inc. has a 52 week low of $38.11 and a 52 week high of $50.18.

Silgan (NYSE:SLGN) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. Silgan had a return on equity of 20.29% and a net margin of 5.44%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.39 billion. As a group, equities analysts anticipate that Silgan Holdings Inc. will post 3.67 earnings per share for the current year.

Silgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.19 dividend. This is a positive change from Silgan’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 13th. This represents a $0.76 annualized dividend and a dividend yield of 1.62%. Silgan’s dividend payout ratio (DPR) is presently 25.50%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Silgan from $49.00 to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Truist Financial lifted their price objective on shares of Silgan from $52.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Citigroup upped their target price on Silgan from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Raymond James lifted their price target on Silgan from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. upped their price objective on Silgan from $39.00 to $46.00 and gave the stock an “underweight” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.13.

Insider Activity at Silgan

In other Silgan news, VP B Frederik Prinzen sold 4,684 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $205,580.76. Following the completion of the transaction, the vice president now owns 8,613 shares of the company’s stock, valued at approximately $378,024.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.08% 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.