Dean Investment Associates LLC Purchases 19,233 Shares of Silgan Holdings Inc. (NYSE:SLGN)

Dean Investment Associates LLC boosted its position in Silgan Holdings Inc. (NYSE:SLGN - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,664 shares of the industrial products company's stock after acquiring an additional 19,233 shares during the period. Dean Investment Associates LLC owned 0.08% of Silgan worth $4,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new position in shares of Silgan in the 4th quarter worth $59,000. Smartleaf Asset Management LLC boosted its holdings in Silgan by 1,229.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the industrial products company's stock worth $107,000 after buying an additional 1,906 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Silgan by 48.6% during the 4th quarter. GAMMA Investing LLC now owns 2,640 shares of the industrial products company's stock worth $137,000 after buying an additional 863 shares during the period. KBC Group NV increased its stake in shares of 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 acquiring an additional 1,196 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Silgan by 153.2% in the 4th quarter. Venturi Wealth Management LLC now owns 3,545 shares of the industrial products company's stock valued at $185,000 after acquiring an additional 2,145 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Silgan

In other news, CEO Adam J. Greenlee sold 125,000 shares of the firm'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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Robert B. Lewis sold 20,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $53.22, for a total transaction of $1,064,400.00. Following the completion of the transaction, the executive vice president now directly owns 152,133 shares in the company, valued at approximately $8,096,518.26. This represents a 11.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by company insiders.

Silgan Stock Up 3.9 %

Shares of NYSE:SLGN traded up $1.91 during midday trading on Tuesday, reaching $50.73. The company had a trading volume of 542,731 shares, compared to its average volume of 653,208. The company has a quick ratio of 0.28, a current ratio of 0.45 and a debt-to-equity ratio of 1.24. The business's 50 day moving average price is $50.85 and its 200 day moving average price is $52.43. The stock has a market cap of $5.42 billion, a PE ratio of 19.68, a P/E/G ratio of 1.27 and a beta of 0.81. 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 announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. Silgan had a return on equity of 19.70% and a net margin of 4.72%. Research analysts forecast that Silgan Holdings Inc. will post 4.11 EPS for the current fiscal year.

Silgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 17th. This is a positive change from Silgan's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. Silgan's payout ratio is currently 31.01%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Truist Financial reissued a "buy" rating and set a $70.00 price target (up from $69.00) on shares of Silgan in a research report on Thursday, January 30th. Wells Fargo & Company increased their price target on Silgan from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada boosted their price objective on Silgan from $63.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Robert W. Baird raised their target price on shares of Silgan from $60.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, Bank of America upped their price target on shares of Silgan from $60.00 to $61.00 and gave the company a "buy" rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $63.67.

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.