American Century Companies Inc. Buys 10,338 Shares of Silgan Holdings Inc. (NYSE:SLGN)

American Century Companies Inc. grew its position in shares of Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 174.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,269 shares of the industrial products company's stock after purchasing an additional 10,338 shares during the period. American Century Companies Inc.'s holdings in Silgan were worth $847,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SLGN. Bank of Jackson Hole Trust purchased a new stake in shares of Silgan during the 4th quarter worth about $59,000. Smartleaf Asset Management LLC increased its position in shares of Silgan by 1,229.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company's stock worth $107,000 after acquiring an additional 1,906 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Silgan by 48.6% in the 4th quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company's stock valued at $137,000 after acquiring an additional 863 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Silgan during the 3rd quarter valued at $154,000. Finally, KBC Group NV increased its holdings in Silgan by 52.5% in the 4th quarter. KBC Group NV now owns 3,473 shares of the industrial products company's stock valued at $181,000 after purchasing an additional 1,196 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Silgan from $63.00 to $65.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on shares of Silgan from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Wells Fargo & Company lifted their price target on shares of Silgan from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Robert W. Baird upped their price objective on shares of Silgan from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Finally, Raymond James lifted their target price on Silgan from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Silgan presently has an average rating of "Moderate Buy" and an average price target of $64.22.

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Insider Buying and Selling at Silgan

In other news, EVP Robert B. Lewis sold 20,000 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $53.22, for a total value of $1,064,400.00. Following the sale, the executive vice president now owns 152,133 shares of the company's stock, valued at approximately $8,096,518.26. This represents a 11.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam J. Greenlee sold 125,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $54.73, for a total transaction of $6,841,250.00. Following the completion of the transaction, the chief executive officer now owns 227,332 shares in the company, valued at approximately $12,441,880.36. This trade represents a 35.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.39% of the company's stock.

Silgan Stock Down 1.0 %

Shares of SLGN stock traded down $0.49 during trading on Tuesday, hitting $49.05. 631,155 shares of the company were exchanged, compared to its average volume of 648,811. The business's 50-day simple moving average is $51.27 and its 200 day simple moving average is $52.52. Silgan Holdings Inc. has a twelve month low of $41.14 and a twelve month high of $58.14. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.27 and a beta of 0.81. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.28 and a current ratio of 0.45.

Silgan (NYSE:SLGN - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. As a group, analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.20 dividend. This is an increase from Silgan's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.63%. The ex-dividend date was Monday, March 17th. Silgan's payout ratio is currently 31.01%.

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.