Silgan Holdings Inc. (NYSE:SLGN) Shares Sold by Dean Investment Associates LLC

Dean Investment Associates LLC cut its stake in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 34.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,431 shares of the industrial products company's stock after selling 36,968 shares during the period. Dean Investment Associates LLC owned about 0.07% of Silgan worth $3,750,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 204,384 shares during the period. Choreo LLC purchased a new position in shares of Silgan during the second quarter worth about $498,000. Allspring Global Investments Holdings LLC increased its position in Silgan by 6.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,580,856 shares of the industrial products company's stock valued at $109,248,000 after acquiring an additional 163,853 shares during the period. Nicola Wealth Management LTD. raised its stake in Silgan by 24.4% during the 3rd quarter. Nicola Wealth Management LTD. now owns 96,900 shares of the industrial products company's stock valued at $5,087,000 after acquiring an additional 19,000 shares during the last quarter. Finally, Leeward Investments LLC MA lifted its position in Silgan by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 172,784 shares of the industrial products company's stock worth $7,314,000 after acquiring an additional 9,230 shares during the period. Institutional investors and hedge funds own 70.25% of the company's stock.

Silgan Price Performance

Shares of NYSE:SLGN traded down $1.05 on Friday, reaching $55.38. 466,676 shares of the company were exchanged, compared to its average volume of 545,894. The company has a 50-day moving average of $53.38 and a 200-day moving average of $49.61. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.48 and a beta of 0.69. Silgan Holdings Inc. has a 1-year low of $41.14 and a 1-year high of $58.14.

Silgan (NYSE:SLGN - Get Free Report) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $1.21 earnings per share 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 analyst estimates of $1.82 billion. Silgan had a return on equity of 18.76% and a net margin of 5.11%. The company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 earnings per share. Equities analysts forecast that Silgan Holdings Inc. will post 3.6 earnings per share for the current fiscal year.

Silgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Monday, December 2nd. Silgan's dividend payout ratio (DPR) is 27.54%.

Analyst Ratings Changes

Several research firms have recently commented on SLGN. StockNews.com cut Silgan from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Royal Bank of Canada raised their target price on shares of Silgan from $55.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.43.

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.